REG - Corcel PLC - Results of General Meeting

CorcelAnnouncement

05/08/2025 11:30

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RNS Number : 0579U  Corcel PLC  05 August 2025

 

Corcel PLC

("Corcel" or the "Company")

 

RESULTS OF GENERAL MEETING

 

5 August 2025

 

Corcel Plc (London AIM: CRCL), the Angola-Brazil-focused energy company,
advises that the Company held its General Meeting (GM) earlier today and is
pleased to announce that all resolutions proposed at the GM were duly passed.

 

The resolutions put to the GM were voted on by way of a poll and the results
are as follows:

 

 Resolution  For            %      Against    %     Withheld

 One         1,023,585,740  99.57  4,443,901  0.43  19,265
 Two         1,023,118,608  99.52  4,910,988  0.48  19,310

 

Scott Gilbert, Corcel's CEO, commented: "We are very grateful for the
continuous support from our shareholders as we continue to grow our Company.
Their support reflects confidence in our vision and helps us accelerate
operational activities across our assets."

 

For further information, please contact:

 

Scott
Gilbert

Corcel Plc, CEO & Director

Development@Corcelplc.com (mailto:Development@Corcelplc.com)
 

 

James Joyce / James Bavister / Andrew de Andrade

Zeus, NOMAD & Broker

020 3829 5000

 
 

Jonathan Wright / Rupert Holdsworth
Hunt

Auctus Advisors LLP, Joint Broker

07711 627449

 

Patrick d'Ancona
 

Vigo Consulting Limited, IR

0207 3900 230
 

 

About Corcel

Corcel has a notable oil and gas portfolio in onshore Angola that includes
brownfield redevelopment opportunities and significant exploration upside.
Corcel marked a new country entry into Brazil through the option to acquire
rights to producing gas and exploration assets, further diversifying its
portfolio and enhancing its growth potential.

 

Corcel's Angola portfolio consists of interests in three licenses:

 

·      KON - 16 upon completion: operated - 80% working interest - 71.5%
net to CRCL

·      KON - 11 Non-Operated - 20% working interest - 18% net to CRCL

·      KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL

 

Corcel's Brazil portfolio consists of the option to acquire:

 

·      20% interest in the IRAI gas field

·      Right-of-first refusal ("ROFR") over the remaining 80% in the
IRAI field

·      ROFR for 100% of the adjacent TUC-T-172 exploration block,
located in the state of Bahia, onshore Brazil

 

Corcel's Battery Metals portfolio consists of an 80% working interest in the
Mt Weld Rare Earth Elements project in Western Australia.

 

 

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