Last checked at 30 Jun 2023 10:13
Results of AGM
30 June 2023 - Singapore: Jadestone Energy plc (the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 30 June 2023, resolutions 1-15 as set out in the Company's Notice of AGM dated 7 June 2023 were duly passed on a poll with the results as stated below.
| Resolution | For | % | Against | % | Total | Withheld* |
Ordinary resolutions | |||||||
1 | Annual accounts | 338,461,131 | 89.21% | 40,944,481 | 10.79% | 379,405,612 | 30,191 |
2 | Appointment of auditor | 356,290,443 | 93.90% | 23,140,169 | 6.10% | 379,430,612 | 5,191 |
3 | Auditor's remuneration | 379,416,411 | 100.00% | 14,201 | 0.00% | 379,430,612 | 5,191 |
4 | Re-elect Dennis McShane | 336,910,425 | 88.95% | 41,856,247 | 11.05% | 378,766,672 | 669,131 |
5 | Re-elect Alexander Paul Blakeley | 340,619,276 | 89.77% | 38,811,336 | 10.23% | 379,430,612 | 5,191 |
6 | Re-elect Bert-Jaap Dijkstra | 340,553,311 | 89.75% | 38,877,301 | 10.25% | 379,430,612 | 5,191 |
7 | Re-elect Robert Lambert | 359,536,393 | 94.76% | 19,894,219 | 5.24% | 379,430,612 | 5,191 |
8 | Re-elect Iain McLaren | 359,536,393 | 94.76% | 19,894,219 | 5.24% | 379,430,612 | 5,191 |
9 | Re-elect Lisa Stewart | 359,536,393 | 94.76% | 19,894,219 | 5.24% | 379,430,612 | 5,191 |
10 | Re-elect Cedric Fontenit | 308,376,593 | 81.27% | 71,054,019 | 18.73% | 379,430,612 | 5,191 |
11 | Re-elect David Neuhauser | 362,440,327 | 95.52% | 16,990,285 | 4.48% | 379,430,612 | 5,191 |
12 | Re-elect Jenifer Thien | 379,181,831 | 99.93% | 248,781 | 0.07% | 379,430,612 | 5,191 |
13 | Authority to allot shares | 356,138,308 | 93.86% | 23,292,189 | 6.14% | 379,430,497 | 5,306 |
Special resolutions | |||||||
14 | Disapplication of pre-emption rights | 355,810,414 | 93.77% | 23,620,083 | 6.23% | 379,430,497 | 5,306 |
15 | Disapplication of pre-emption rights | 355,814,164 | 93.78% | 23,618,333 | 6.22% | 379,432,497 | 3,306 |
* A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.
As announced earlier today, Jadestone's Board withdrew Resolution 16 from the agenda of the AGM.
-ends-
For further information, please contact:
Jadestone Energy plc |
|
Paul Blakeley, President and CEO | +65 6324 0359 (Singapore) |
Bert-Jaap Dijkstra, CFO Phil Corbett, Investor Relations Manager |
+44 7713 687467 (UK) |
ir@jadestone-energy.com | |
| |
Stifel Nicolaus Europe Limited (Nomad, Joint Broker) | +44 (0) 20 7710 7600 (UK) |
Callum Stewart | |
Jason Grossman | |
Ashton Clanfield | |
| |
Jefferies International Limited (Joint Broker) | +44 (0) 20 7029 8000 (UK) |
Tony White | |
Will Soutar | |
| |
Camarco (Public Relations Advisor) | +44 (0) 203 757 4980 (UK) |
Billy Clegg | jse@camarco.co.uk |
Georgia Edmonds Elfie Kent |
About Jadestone Energy
Jadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Malaysia, Indonesia, Thailand and Vietnam.
The Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has a 16.67% non-operated interest in the North West Shelf Oil Project offshore Western Australia, comprising four oil fields containing significant upside potential through potential infill drilling and life extension activities.
The Company is the operator of four licences offshore Peninsular Malaysia; two of which are currently producing - the PM323 PSC which produces oil and the PM329 PSC which produces oil and gas. The Company has a non-operated 9.52% interest in the Sinphuhorm producing gas field onshore Thailand.
Further, the Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 100% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field development, where first production is expected in the first half of 2024.
Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia-Pacific region.
Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore. For further information on the Company please visit www.jadestone-energy.com.
This announcement does not contain inside information.