REG - Challenger Energy - Result of EGM

Challenger EnergyAnnouncement

27/03/2025 11:45

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RNS Number : 5297C  Challenger Energy Group PLC  27 March 2025

27 March 2025

Challenger Energy Group PLC

 

("Challenger Energy" or the "Company")

 

Result Of EGM

Challenger Energy (AIM: CEG), announces that at the extraordinary general
meeting ("EGM") held earlier today, the resolution put forward to shareholders
to approve the disposal of CEG Trinidad and its various subsidiary entities
that collectively represent all of the Company's business, assets,
undertakings and operations in Trinidad and Tobago was duly passed.

 

The poll results were as follows:

 

 Resolution                         Votes For   % of votes cast  Votes Against  % of votes cast  Withheld*
 1 - Approval of Trinidad Disposal  37,124,240  99.93%           27,397         0.07%            8,475,558

*A vote withheld is not a vote in law and is not counted in the calculation of
the proportion of votes 'For' or 'Against' any of the resolutions

 

As a result of the meeting, the disposal of all of the Company's remaining
business in Trinidad and Tobago, as announced on 18 February 2025 (the
"Transaction"), has now been approved by shareholders but remains subject to
obtaining approval from Heritage Petroleum Limited, the state-owned national
oil company of Trinidad and Tobago, as a condition precedent to complete the
Trinidad Disposal. Anticipated completion is due to occur by 30 April 2025.

 

Unless otherwise defined, all capitalised terms in this announcement have the
meaning given to them in the Notice of EGM published on 28 February 2025.

 

For further information, please contact:

 

 Challenger Energy Group PLC                       Tel: +44 (0) 1624 647 882

 Eytan Uliel, Chief Executive Officer
 Zeus - Nomad and Joint Broker                     Tel: +44 (0) 20 3829 5000

 Antonio Bossi / Darshan Patel / George Duxberry
 Gneiss Energy Limited - Financial Adviser         Tel: +44 (0) 20 3983 9263

 Jon Fitzpatrick / Paul Weidman / Doug Rycroft
 CAMARCO - Financial PR                              Tel: +44 (0) 20 3757 4980

 Billy Clegg / Georgia Edmonds / Emily Hall
 Jonathan Paterson - Investor Relations            Tel: +1 475 477 9401

 jonathan.paterson@harbor-access.com

 

Notes to Editors

 

Challenger Energy is an Atlantic-margin focused energy company, with a current
high-impact position in Uruguay, where the Company holds two offshore
exploration licences, totalling 19,000km(2) (gross) and is partnered with
Chevron on the AREA-OFF 1 block. Challenger Energy is quoted on the AIM market
of the London Stock Exchange.

 

https://www.cegplc.com (https://www.cegplc.com/)

 

ENDS

 

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