REG - Nostrum Oil & Gas - Result of AGM

Nostrum Oil & GasAnnouncement

30/06/2023 12:45

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RNS Number : 5861E  Nostrum Oil & Gas PLC  30 June 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF THAT JURISDICTION

 

London, 30 June 2023

 

Results of Annual General Meeting

 

Following today's Annual General Meeting ("AGM"), convened by the Notice of
AGM dated 6 June 2023, Nostrum Oil & Gas PLC ("Nostrum", or the
"Company"), an independent oil and gas company engaging in the production,
development and exploration of oil and gas in the pre-Caspian Basin, announces
the results of the poll for each resolution set out in the Notice of AGM. The
results of the poll for each resolution were as follows:

 

 NO          RESOLUTION                                                                      VOTES FOR       %      VOTES AGAINST   %      VOTES TOTAL     % of ISSUED SHARE CAPITAL VOTED  VOTES WITHHELD
 1.          To receive the Company's Annual Report and Accounts for the year ended 31       79,446,736      97.16  2,323,125       2.84   81,769,861      48.28                            1,300
             December 2022.
 2.          To approve the Directors' Remuneration Report, other than the part containing   68,102,538      83.28  13,668,623      16.72  81,771,161      48.28                            0
             the Directors' Remuneration Policy, in the form set out in the Company's
             Annual Report and Accounts for the year ended 31 December 2022.
 3.          To approve a new remuneration policy and to authorise the Remuneration          65,661,825      80.30  16,109,336      19.70  81,771,161      48.28                            0
             Committee to do all acts and things it may consider necessary or desirable in
             connection with the same.
 4.          To reappoint Mr Khan as a Director.                                             79,446,682      97.16  2,324,479       2.84   81,771,161      48.28                            0
 5.          To appoint Mr Whyte as a director                                               68,102,592      83.28  13,668,569      16.72  81,771,161      48.28                            0
 6.          To appoint Mr Cox as a director                                                 68,102,592      83.28  13,668,569      16.72  81,771,161      48.28                            0
 7.          To appoint Mr Hopkinson as a director                                           68,102,592      83.28  13,668,569      16.72  81,771,161      48.28                            0
 8.          To appoint Ms Paulus as a director                                              79,446,682      97.16  2,324,479       2.84   81,771,161      48.28                            0
 9.          To appoint Mr Gudgeon as a director                                             68,102,592      83.28  13,668,569      16.72  81,771,161      48.28                            0
 10.         To appoint MacIntyre Hudson LLP as Auditor of the Company.                      68,102,538      83.29  13,667,323      16.71  81,769,861      48.28                            1,300
 11.         To authorise the Directors to determine the Auditor's remuneration on the       79,446,682      97.16  2,323,179       2.84   81,769,861      48.28                            1,300
             recommendation of the Audit Committee.
 12.         To authorise the Directors to allot Ordinary Shares.*                           Not applicable  -      Not applicable  -      Not applicable  -                                Not applicable
 13.         To disapply preemption rights generally.*                                       Not applicable  -      Not applicable  -      Not applicable  -                                Not applicable
 14.         To disapply preemption rights in connection with an acquisition or specified    Not applicable  -      Not applicable  -      Not applicable  -                                Not applicable
             capital investment.*

 

* Following the publication of the Notice of AGM on 6 June 2023, certain of
the Company's shareholders engaged with the Company and questioned the need
for the proposed resolutions given that the Company has no immediate need to
issue shares and raise additional capital following the successful completion
of the restructuring in February 2023. In light of such shareholder feedback,
the Board decided to withdraw Resolutions 12, 13 and 14 from the meeting.

Votes "for" include proxy appointments which give discretion to the Chairman
of the AGM.

 

A "Vote Withheld" is not a vote in law and is not counted in the calculation
of proportion of votes "For" or "Against" a resolution.

 

For the purposes of section 341 of the UK Companies Act 2006, the votes
validly cast are expressed in the table as a percentage of the Company's total
issued ordinary share capital (excluding shares held in treasury) as at close
of business on Wednesday 28 June 2023 being the time at which a shareholder
had to be registered in the Company's register of members in order to attend
and vote at the AGM.  The number of issued ordinary shares of the Company was
169,381,561 ordinary shares of £0.01 each.

 

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed,
other than ordinary business, will be submitted to the National Storage
Mechanism, and can be viewed at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

LEI: 2138007VWEP4MM3J8B29

 

Further information

For further information please visit www.nog.co.uk (http://www.nog.co.uk)

 

Further enquiries

Nostrum Oil & Gas PLC
 

Ulugbek Makhmadiyarov

ir@nog.co.uk (mailto:ir@nog.co.uk)
 
 

 

Instinctif Partners -
UK
 

Tim McCall

Galyna Kulachek

Vivian Lai

+ 44 (0) 207 457 2020

nostrum@instinctif.com (mailto:nostrum@instinctif.com)

 

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent oil and gas company currently
engaging in the production, development and exploration of oil and gas in the
pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker
symbol: NOG) and the Astana International Exchange (ticker symbol: NOG). The
principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye
field that is being operated by a wholly-owned subsidiary of Nostrum Oil &
Gas PLC - Zhaikmunai LLP, who is the sole holder of the subsoil use rights
with respect to the development of the field.

 

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking
statements include statements regarding the intent, belief and current
expectations of the Company or its officers with respect to various matters.
When used in this document, the words "expects", "believes", "anticipates",
"plans", "may", "will", "should" and similar expressions, and the negatives
thereof, are intended to identify forward-looking statements. Such statements
are not promises nor guarantees and are subject to risks and uncertainties
that could cause actual outcomes to differ materially from those suggested by
any such statements.

 

No part of this announcement constitutes, or shall be taken to constitute, an
invitation or inducement to invest in the Company or any other entity, and
shareholders of the Company are cautioned not to place undue reliance on the
forward-looking statements. Save as required by the relevant listing rules and
applicable law, the Company does not undertake to update or change any
forward-looking statements to reflect events occurring after the date of this
announcement.

 

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