REG - Hurricane Energy PLC - Results of AGM

Hurricane EnergyAnnouncement

03/06/2020 13:05

RNS Number : 8460O
  
Hurricane Energy PLC
  
03 June 2020
  
 

3 June 2020
Hurricane Energy plc
 
("Hurricane" or the "Company")
 
Results of Annual General Meeting
 
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that all resolutions put to shareholders at the Annual General Meeting ("AGM") of the Company held earlier today were duly passed.
 
The AGM was held at the Company's Registered Office: The Wharf, Abbey Mill Business Park, Lower Eashing, Godalming, Surrey GU7 2QN at 11.00 a.m. Each of the resolutions contained in the Notice of Meeting (as circulated to shareholders on 27 April 2020 and available on the Company's website at https://www.hurricaneenergy.com/investors/general-meetings) were put to the AGM, voted on by way of a poll, and duly approved.
 
The total number of votes received on each resolution put to the AGM was as follows:
 




#


Resolution


Votes

FOR


%


Votes AGAINST


%


Votes TOTAL


% ISC Voted


Votes WITHELD




1


Receive Annual Report and Group Financial Statements


871,607,075


99.44


4,901,102


0.56


876,508,177


44.00


20,884,805




2


Re-appoint Deloitte LLP as the Company's auditors


870,877,964


99.92


657,510


0.08


871,535,474


43.75


25,892,623




3


Elect Beverley Smith


875,176,257


99.85


1,286,386


0.15


876,462,643


44.00


20,965,454




4


Re-elect Dr David Jenkins


874,634,091


99.79


1,818,667


0.21


876,452,758


44.00


20,975,339




5


Re-elect Neil Platt


874,938,785


99.82


1,588,973


0.18


876,527,758


44.01


20,900,339




6


Renew authority to allot shares in the Company


874,532,250


99.77


1,990,488


0.23


876,522,738


44.00


20,904,819




7


Authority to allot shares for cash free of pre-emptive rights *


874,610,666


99.77


2,044,753


0.23


876,655,419


44.01


20,826,874




 
Notes:
 
Computershare Investor Services PLC acted as scrutineer of the poll on all resolutions.
 
·    * denotes Special Resolution and requires at least 75% of shareholders' votes to be cast in favour of the resolution.
·    A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes cast "For" or "Against" the resolution, nor in the calculation of the "% ISC Voted" for any resolution.
·    Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM, excluding any "Withheld" votes.
·    "% ISC Voted" denotes the votes validly cast for each resolution as a percentage of the issued share capital of 1,991,871,556 shares as at 1 June 2020, being the last date for submission of votes by proxy in advance of the AGM.
 
Contacts: 
 




Hurricane Energy plc
Dr Robert Trice, Chief Executive Officer
 


+44 (0)1483 862 820




Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart / Ashton Clanfield
 


+44 (0)20 7710 7600




Morgan Stanley & Co. International plc
Joint Corporate Broker
Andrew Foster / Tom Perry / Alex Smart
 


+44 (0)20 7425 8000




Vigo Communications
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigocomms.com


+44 (0)20 7390 0230




 
About Hurricane
 
Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf. 
 
The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019. 
 
In September 2018, Spirit Energy Limited farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.
Glossary




FPSO


Floating production storage and offloading vessel




 
Inside Information
 
This announcement does not contain inside information.
 


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