REG-Cadogan Petroleum: Result of AGM

Cadogan Energy SolutionsAnnouncement

25/06/2021 16:05

Cadogan Petroleum plc

Result of Annual General Meeting

The Annual General Meeting of Cadogan Petroleum plc was held today at 2.30pm
at the offices of Orega, 70 Gracechurch Street, London, EC3V 0HR.

The Directors of the Company wish to announce that all resolutions proposed at
the AGM were passed.  All resolutions were approved by way of a poll vote as
follows:-

                                 Resolution                                 Ordinary/ Special       For                Against           Total votes cast  
                                                                                               No. of votes    %    No. of votes    %                      
 1. To receive the Annual Financial Report                                       Ordinary       100,162,706  82.22   21,665,582   17.78     121,828,288    
 2. To approve the Directors’ Annual Report on Remuneration                      Ordinary       100,135,172  82.19   21,693,116   17.81     121,828,288    
 3. To approve the Directors’ Remuneration Policy                                Ordinary       100,135,172  82.19   21,693,116   17.81     121,828,288    
 4. To re-elect Michel Meeùs as a Director of the Company                        Ordinary       93,228,035   76.52   28,600,253   23.48     121,828,288    
 5. To re-elect Fady Khallouf as a Director of the Company                       Ordinary       93,228,035   76.52   28,600,253   23.48     121,828,288    
 6. To re-elect Jacques Mahaux as a Director of the Company                      Ordinary       93,228,035   76.52   28,600,253   23.48     121,828,288    
 7. To re-elect Lillia Jolibois as a Director of the Company                     Ordinary       93,228,035   76.52   28,600,253   23.48     121,828,288    
 8. To re-elect Gilbert Lehmann as a Director of the Company                     Ordinary       93,228,025   81.12   21,692,116   18.88     114,920,151    
 9. To re-appoint BDO LLP as auditor                                             Ordinary       100,136,172  82.19   21,692,116   17.81     121,828,288    
 10. To authorise the Directors to determine the auditor’s fees.                 Ordinary       100,136,172  82.19   21,692,116   17.81     121,828,288    
 11. To approve the exceptional bonus scheme for the Company’s CEO               Ordinary       93,227,035   76.52   28,601,253   23.48     121,828,288    
 12. To authorise the Directors to allot shares.                                 Ordinary       100,135,172  82.19   21,693,116   17.81     121,828,288    
 13. To authorise the Directors to disapply pre-emption rights.                  Special        100,136,172  82.19   21,692,116   17.81     121,828,288    
 14. To authorise the Company to purchase its own shares.                        Special        100,136,172  82.19   21,692,116   17.81     121,828,288    
 15. To authorise calling of a general meeting on 14 clear days’ notice.         Special        100,136,172  82.19   21,692,116   17.81     121,828,288    

Statement regarding voting results

The Board notes that although resolutions 4 to 7 and 11 were passed with the
necessary majority, approximately 23% of votes received were against these
resolutions. The Board notes the votes against these resolutions and will
endeavour to respond and engage with the shareholders on these matters where
appropriate.                                                                        

Copies of the resolutions passed as special resolutions at the AGM will
shortly be available for inspection at the National Storage Mechanism, which
is located at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism. 

Ben Harber

Secretary

25(th) June 2021



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