REG-Cadogan Petroleum: Result of General Meeting, new CEO and new Chairman

Cadogan Energy SolutionsAnnouncement

15/11/2019 15:50

NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR
ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

Press
Release                                                                                   
                               
                    15 November, 2019

This announcement contains inside information as defined under the Market
Abuse Regulations  n. 596/2014

Cadogan Petroleum Plc

(the “Company”)

Result of general meeting, new CEO and new Chairman

The General Meeting of Cadogan Petroleum plc was held today at 10.00 am at the
offices of Shakespeare Martineau LLP, 6(th) Floor, 60 Gracechurch Street,
London EC3V 0HR.

The Directors of the Company announce that all resolutions proposed at the AGM
were passed via a poll vote.  The results of the poll vote are reported
below:

                            Resolution                                            For                Against          Withheld  Total votes cast  
                                                                             No. of votes    %    No. of votes    %                               
 1. THAT Adelmo Schenato be removed as a Director of the Company.  Ordinary   94,123,301   93.08    6,997,469   6.92    8,034      101,120,770    
 2. THAT Enrico Testa be removed as a Director of the Company.     Ordinary   94,123,301   93.08    6,997,469   6.92    8,034      101,120,770    
 3. THAT Fady Khallouf be elected as a Director of the Company.    Ordinary   94,120,614   93.09    6,987,469   6.91   20,721      101,108,083    
 4. THAT Lilia Jolibois be elected as a Director of the Company.   Ordinary   94,120,164   93.09    6,987,919   6.91   20,721      101,108,083    
 5. THAT Jacques Mahaux be elected as a Director of the Company.   Ordinary   94,110,794   93.08    6,997,289   6.92   20,721      101,108,083    

A vote withheld is not a vote in law and is not counted in the calculation of
votes validly cast for or against a resolution.

 Adelmo Schenato and Enrico Testa have therefore been removed as Directors of
the Company with immediate effect. 

The Company confirms the appointment of Fady Khallouf, Lilia Jolibois and
Jacques Mahaux to the Board. Further details of the new Directors (including
the information referred to in LR9.6.13R) will be announced in due course.

The Company announces that Zev Furst has tendered his resignation as a
Director of the Company with effect from 13(th) December 2019. 

The Company further announces that Fady Khallouf will succeed Guido Michelotti
as CEO of the Company and that Michel Meeus, a non-executive Director of the
Company, has been appointed as Chairman of the Company with immediate effect.

This Announcement has been issued by, and is the sole responsibility of, the
Company.

For further information, please contact:

 Cadogan Petroleum plc                                                            
                                                                                  
 Ben Harber                Company Secretary                +44 0207 264 4366     
                                                                                  
 Cantor Fitzgerald Europe  Broker to Cadogan Petroleum plc                        
 David Porter                                               +44 (0) 20 7894 7000  



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