REG - Jadestone Energy PLC - Results of AGM

Jadestone EnergyAnnouncement

30/06/2023 10:15

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RNS Number : 5543E  Jadestone Energy PLC  30 June 2023

Results of AGM

 

30 June 2023 - Singapore: Jadestone Energy plc (the "Company"), an independent
oil and gas production company focused on the Asia-Pacific region, is pleased
to announce that at the Annual General Meeting ("AGM") of the Company held on
30 June 2023, resolutions 1-15 as set out in the Company's Notice of AGM dated
7 June 2023 were duly passed on a poll with the results as stated below.

 

     Resolution                            For          %        Against     %       Total        Withheld*
 Ordinary resolutions
 1   Annual accounts                       338,461,131  89.21%   40,944,481  10.79%  379,405,612  30,191
 2   Appointment of auditor                356,290,443  93.90%   23,140,169  6.10%   379,430,612  5,191
 3   Auditor's remuneration                379,416,411  100.00%  14,201      0.00%   379,430,612  5,191
 4   Re-elect Dennis McShane               336,910,425  88.95%   41,856,247  11.05%  378,766,672  669,131
 5   Re-elect Alexander Paul Blakeley      340,619,276  89.77%   38,811,336  10.23%  379,430,612  5,191
 6   Re-elect Bert-Jaap Dijkstra           340,553,311  89.75%   38,877,301  10.25%  379,430,612  5,191
 7   Re-elect Robert Lambert               359,536,393  94.76%   19,894,219  5.24%   379,430,612  5,191
 8   Re-elect Iain McLaren                 359,536,393  94.76%   19,894,219  5.24%   379,430,612  5,191
 9   Re-elect Lisa Stewart                 359,536,393  94.76%   19,894,219  5.24%   379,430,612  5,191
 10  Re-elect Cedric Fontenit              308,376,593  81.27%   71,054,019  18.73%  379,430,612  5,191
 11  Re-elect David Neuhauser              362,440,327  95.52%   16,990,285  4.48%   379,430,612  5,191
 12  Re-elect Jenifer Thien                379,181,831  99.93%   248,781     0.07%   379,430,612  5,191
 13  Authority to allot shares             356,138,308  93.86%   23,292,189  6.14%   379,430,497  5,306
 Special resolutions
 14  Disapplication of pre-emption rights  355,810,414  93.77%   23,620,083  6.23%   379,430,497  5,306
 15  Disapplication of pre-emption rights  355,814,164  93.78%   23,618,333  6.22%   379,432,497  3,306

 

* A vote withheld is not a vote in law and is not counted for the purposes of
the calculation of the proportion of votes 'For' and 'Against' a resolution.

 

As announced earlier today, Jadestone's Board withdrew Resolution 16 from the
agenda of the AGM.

 

-ends-

 

For further information, please contact:

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO

 Phil Corbett, Investor Relations Manager              +44 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Jefferies International Limited (Joint Broker)        +44 (0) 20 7029 8000 (UK)
 Tony White
 Will Soutar

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Georgia Edmonds

 Elfie Kent

 

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the
Asia-Pacific region.  It has a balanced, low risk, full cycle portfolio of
development, production and exploration assets in Australia, Malaysia,
Indonesia, Thailand and Vietnam.

 

The Company has a 100% operated working interest in the Stag oilfield and in
the Montara project, both offshore Australia. Both the Stag and Montara assets
include oil producing fields, with further development and exploration
potential. The Company also has a 16.67% non-operated interest in the North
West Shelf Oil Project offshore Western Australia, comprising four oil fields
containing significant upside potential through potential infill drilling and
life extension activities.

 

The Company is the operator of four licences offshore Peninsular Malaysia; two
of which are currently producing - the PM323 PSC which produces oil and the
PM329 PSC which produces oil and gas. The Company has a non-operated 9.52%
interest in the Sinphuhorm producing gas field onshore Thailand.

 

Further, the Company has a 100% operated working interest in two gas
development blocks in Southwest Vietnam, and an operated 100% interest in the
Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field
development, where first production is expected in the first half of 2024.

 

Led by an experienced management team with a track record of delivery, who
were core to the successful growth of Talisman's business in Asia, the Company
is pursuing an acquisition strategy focused on growth and creating value
through identifying, acquiring, developing and operating assets in the
Asia-Pacific region.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please visit
www.jadestone-energy.com (http://www.jadestone-energy.com) .

 

This announcement does not contain inside information.

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