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Last checked at 
12 May 2025 15:11
12 May 2025
Sunda Energy Plc
("Sunda" or "Sunda Energy" or the "Company")
Result of General Meeting
Update corporate presentation
Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, announces that at the Company's General Meeting held earlier today, all resolutions were duly passed.
The following table summarises proxy votes received and votes cast at the meeting:
RESOLUTIONS | NO OF VOTES FOR | % OF VOTES CAST (EXCLUDING VOTES WITHELD) | NO OF VOTES AGAINST | % OF VOTES CAST (EXCLUDING VOTES WITHELD) | TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD) | NO OF VOTES WITHHELD |
ORDINARY | ||||||
1. To authorise the Directors to issue and allot new shares. | 3,322,725,423 | 98.61% | 46,954,162 | 1.39% | 3,369,679,585 | 21,345,088 |
SPECIAL | ||||||
2. To disapply pre-emption rights for Resolution 1. | 3,289,226,765 | 98.27% | 57,810,078 | 1.73% | 3,347,036,843 | 43,987,830 |
*As at 12 May 2025, there were 25,510,783,788 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution. The full text of each resolution is available in the Notice of General Meeting, published on the Company's website.
The passing of the Resolutions provides the Company with the necessary authorities to enable the issue of the Loan Notes and the future grant of Warrants, details of which were set out in the announcement made by the Company on 24 April 2025.
Following the passing of the Resolutions, completion of the Farm-In Agreement with government-owned joint venture partner TIMOR GAP, details of which were announced by the Company on 24 April 2025, remain conditional on the following conditions precedent being: (i) signature of a contract for the use of a drilling rig for the drilling of the Chuditch-2 well; and (ii) approval of the Farm-In Agreement by upstream regulator ANP.
An update corporate presentation from today's General Meeting can be accessed on the Company's website at: https://sundaenergy.com/investors/reports-presentations/
Further announcements will be released by the Company as appropriate.
Capitalised terms in this announcement have the meaning ascribed to them in the announcement released by the Company on 24 April 2025.
For further information, please contact:
Sunda Energy Plc Andy Butler, Chief Executive Rob Collins, Chief Financial Officer
| Tel: +44 (0) 20 7770 6424 |
Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance) Kelly Gardiner, Stefano Aquilino (Sales and Corporate Broking)
| Tel: +44 (0) 203 328 5656 |
Hannam & Partners Advisory Limited (Advisor and Joint Broker) Neil Passmore (Corporate Finance) Leif Powis (Sales)
| Tel: +44 (0) 20 7907 8502
|
Celicourt Communications (Financial PR and IR) Mark Antelme, Philip Dennis, Charles Denley-Myerson | Tel: +44 (0) 20 7770 6424 sunda@celicourt.uk
|
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