Last checked at 29 Sep 2023 07:00
29 September 2023
Tlou Energy Limited
("Tlou" or "the Company")
Notice of Annual General Meeting
Tlou Energy Limited, wishes to advise that it will be holding its physical Annual General Meeting of the Company on Tuesday, 31 October 2023 at 10:00am (Brisbane time) at the offices of BDO, Level 10, 12 Creek Street, Brisbane QLD 4000, Australia.
The Notice of Annual General Meeting, which contains an explanatory memorandum, has been sent to shareholders and is available for download on the Company's website: www.tlouenergy.com/reports
Shareholders will be asked to consider and vote on the resolutions below.
1. Resolution 1 - Non-Binding Resolution to Adopt Remuneration Report
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That the Remuneration Report as set out in the Annual Report for the year ended 30 June 2023 be adopted."
Note: The vote on this resolution is advisory only and does not bind the Directors or the Company.
2. Resolution 2 - Re-election of Mr Martin James McIver as a Director
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, Martin James McIver, who retires in accordance with Article 46(c) of the Constitution and, being eligible for re-election, be re-elected as a Director with effect from the close of this Annual General Meeting."
3. Resolution 3 - Re-election of Mr Hugh William Swire as a Director
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, Hugh William Swire, who retires in accordance with Article 46(c) of the Constitution and, being eligible for re-election, be re-elected as a Director with effect from the close of this Annual General Meeting."
4. Resolution 4 - Ratification of the Issue of Ordinary Shares issued 30 March 2023
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 7.4 and for all other purposes, shareholders ratify the issue of 5,714,284 ordinary fully paid shares at AUD $0.035 (~£0.02, ~BWP0.30) issued to institutional and sophisticated investors on the terms and conditions set out in Explanatory Memorandum is ratified."
5. Resolution 5 - Approval of 10% Placement Capacity
To consider, and if thought fit, to pass the following resolution as a Special Resolution:
"That, for the purposes of ASX Listing Rule 7.1A and for all other purposes, approval be given for the issue of Equity Securities of up to 10% of the issued capital of the Company (at the time of the issue or the agreement to issue) calculated in accordance with the formula prescribed in ASX Listing Rule 7.1A.2 and on the terms and conditions set out in the Explanatory Memorandum."
By Authority of the Board of Directors
Mr. Anthony Gilby
Managing Director
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For further information regarding this announcement please contact:
Tlou Energy Limited | +61 7 3040 9084 |
Tony Gilby, Managing Director |
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Solomon Rowland, General Manager |
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Grant Thornton (Nominated Adviser) | +44 (0)20 7383 5100 |
Harrison Clarke, Colin Aaronson, Ciara Donnelly |
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Zeus Capital (UK Broker) | +44 (0)20 3829 5000 |
Simon Johnson | |
Investor Relations | |
Ashley Seller (Australia) | +61 418 556 875 |
FlowComms Ltd - Sasha Sethi (UK) | +44 (0) 7891 677 441 |
About Tlou
Tlou is developing energy solutions in Sub-Saharan Africa through gas-fired power and ancillary projects. The Company is listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The Lesedi Gas-to-Power Project ("Lesedi") is 100% owned and is the Company's most advanced project. Tlou's competitive advantages include the ability to drill cost effectively for gas, operational experience and Lesedi's strategic location in relation to energy customers. All major government approvals have been achieved.