REG - Pennpetro Energy PLC - Result of AGM

Pennpetro EnergyAnnouncement

07/11/2025 14:15

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RNS Number : 7321G  Pennpetro Energy PLC  07 November 2025

7 November 2025

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Result of Annual General Meeting

Pennpetro Energy plc (LSE: PPP), the company focused on developing strategic
traditional and transition energy projects, announces the results of the
Annual General Meeting ("AGM") of the Company held earlier today.  Voting was
by way of a poll.

The following table shows the votes cast on each resolution:

             Resolution*                                                                      Votes For   %       Votes Against  %       Votes Withheld
 1.          To receive the Company's financial statements and annual accounts for the        41,604,070  87.48%  5,953,547      12.52%  109,773
             financial year ended 31 March 2024 together with the Directors' report and
             auditor's report thereon.
 2.          To re-appoint Stephen Gary Lunn as a Director of the Company.                    22,006,032  46.27%  25,551,585     53.73%  109,773
 3.          To re-appoint Robert Martin Menzel as a Director of the Company                  33,098,878  70.24%  14,021,989     29.76%  546,523

 4.          To re-appoint Olaf Nils Anders Rapp as a Director of the Company.                30,225,245  67.02%  14,870,864     32.98%  2,571,281
 5.          To re-appoint Crowe U.K. LLP as auditors of the Company.                         46,917,926  98.79%  576,922        1.21%   172,542
 6.          To authorise the Directors to determine the remuneration of the Company's        34,901,180  73.63%  12,499,438     26.37%  266,772
             auditors.
 7.          A general meeting of the Company, other than an annual general meeting, may be   27,750,194  58.46%  19,715,271     41.54%  201,925
             called on not less than 14 clear days' notice. **
 8.          Directors are authorised to take all such actions and do all such things as      22,203,299  46.78%  25,260,721     53.22%  203,370
             they may consider necessary or desirable to implement the proposals set out in
             the report relating to CA2006 section 656 as described in the Notice of AGM.

 

* The full text of the resolutions is given in the Notice of AGM which is
available at https://pennpetroenergy.co.uk/notices-%26-reports
(https://pennpetroenergy.co.uk/notices-%26-reports)

** Indicates a Special Resolution requiring a 75% majority of the votes cast.

Accordingly, ordinary resolutions 1, 3, 4, 5, and 6 were duly passed. Ordinary
resolutions 2 and 8, and special resolution 7 were not passed. Stephen Gary
Lunn now departs the Board. Richard Spinks, Chief Executive Officer, will
assume the role of interim Chair of the Company.

 

For further information, contact:

 Pennpetro Energy Plc                    c/o Camarco

 Richard Spinks                          +44 (0) 20 3757 4980
 Capital Plus Partners Limited - Broker  +44 (0) 20 7432 0501

 Jon Critchley
 Camarco - Financial PR                  +44 (0) 20 3757 4980

 Andrew Turner | Owen Roberts            ppp@camarco.co.uk (mailto:ppp@camarco.co.uk)

 

ENDS

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