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London, 8 June 2022
Results of Annual General Meeting
Following today's Annual General Meeting, convened by the Notice of Annual General Meeting dated 13 May 2022, Nostrum Oil & Gas PLC ("Nostrum", or "the Company"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, is pleased to announce the results of the poll for each resolution set out in the Notice of Annual General Meeting. The results of the poll for each resolution were as follows:
Resolution | For | % | Against | % | Withheld |
To receive the Company's Annual Report and Accounts for the year ended 31 December 2021. | 78,793,710 | 99.98 | 13,000 | 0.02 | 0 |
To approve the Directors' Remuneration Report, other than the part containing the Directors' Remuneration Policy, in the form set out in the Company's Annual Report and Accounts for the year ended 31 December 2021. | 78,627,576 | 99.77 | 179,134 | 0.23 | 0 |
To approve a new remuneration policy identical to the existing remuneration policy except to the extent required to enable the payment of a maximum annual bonus of 240% of base compensation to Arfan Khan. | 78,627,576 | 99.77 | 179,134 | 0.23 | 0 |
To re-appoint Mr Gupta as a Director. | 78,628,125 | 99.77 | 178,585 | 0.23 | 0 |
To re-appoint Ms van Hecke as a Director. | 78,774,500 | 99.96 | 32,210 | 0.04 | 0 |
To re-appoint Sir Christopher Codrington, Bt. as a Director. | 78,793,161 | 99.98 | 13,549 | 0.02 | 0 |
To re-appoint Mr Cocker as a Director. | 78,774,500 | 99.96 | 32,210 | 0.04 | 0 |
To re-appoint Mr Khan as a Director. | 78,793,161 | 99.98 | 13,549 | 0.02 | 0 |
To re-appoint Ernst & Young LLP as Auditor of the Company. | 78,793,161 | 99.98 | 13,549 | 0.02 | 0 |
To authorise the Directors to determine the Auditor's remuneration on the recommendation of the Audit Committee. | 78,793,161 | 99.98 | 13,549 | 0.02 | 0 |
A "Vote Withheld" is not a vote in law and is not counted in the calculation of proportion of votes "For" or "Against" a resolution.
As at the date of the AGM, the number of issued shares of the Company was 188,182,958 ordinary shares of £0.01 each.
The total number of votes cast, including "Votes Withheld" was 78,806,710; percentage of votes cast was 41.88%.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism, and can be viewed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nog.co.uk
Further enquiries
Nostrum Oil & Gas PLC
Shane Drader - Chief Financial Officer
ir@nog.co.uk
Instinctif Partners - UK
Tim McCall
Sarah Hourahane
Galyna Kulachek
+ 44 (0) 207 457 2020
nostrum@instinctif.com
About Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG) and the Kazakhstan Stock Exchange (ticker symbol: GB_NTRM). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field that is being operated by a wholly-owned subsidiary of Nostrum Oil & Gas PLC - Zhaikmunai LLP, who is the sole holder of the subsoil use rights with respect to the development of the field.
Forward-Looking Statements
Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Company or its officers with respect to various matters. When used in this document, the words "expects", "believes", "anticipates", "plans", "may", "will", "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises nor guarantees and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the relevant listing rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.