REG - Pharos Energy PLC - Result of AGM

Pharos EnergyAnnouncement

Thu 16:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260521:nRSU3405Fa&default-theme=true

RNS Number : 3405F  Pharos Energy PLC  21 May 2026

21 May 2026

Pharos Energy plc

("Pharos" or the "Company" or, together with its subsidiaries, the "Group")

 

RESULTS OF ANNUAL GENERAL MEETING

 

The Company announces that at its Annual General Meeting held at the offices
of Peel Hunt LLP, 100 Liverpool Street, London, EC2M 2AT today, all
resolutions put before the meeting were duly passed. The Board thanks
shareholders for their support and is pleased to report that all resolutions
were approved with over 98% of the votes cast at the meeting in favour of each
resolution.

 

In accordance with UKLR 6.4.2R, copies of resolutions passed concerning items
other than ordinary business are being submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

 

Pharos' issued share capital consists of 416,320,478 ordinary shares of £0.05
each with voting rights and no shares held in treasury. Shares representing
70% of the voting rights in the Company were voted at the meeting.

 

Voting was conducted on a poll, the results of which are shown in the table
below and will shortly be available on the Company's website,
www.pharos.energy (http://www.pharos.energy) .

 

 Resolution                                                                      Votes in Favour                      Votes             Total Votes       Votes Withheld

                                                                                 (Including Discretionary)   %        Against    %      (excluding

                                                                                                                                        votes withheld)
 1.   To receive the Annual Report and Accounts for the financial year ended     291,416,972                 99.93%   210,197    0.07%  291,627,169       873,674
 31 December 2025.
 2.   To declare a final dividend of 0.9317 pence per share.                     291,954,487                 100.00%  5,197      0.00%  291,959,684       541,159
 3.   To approve the Directors' Remuneration Policy included in the Annual       290,240,040                 99.48%   1,514,489  0.52%  291,754,529       746,314
 Report and Accounts for the financial year ended 31 December 2025
 4.   To approve the Directors' Remuneration Report included in the Annual       290,044,320                 99.41%   1,714,489  0.59%  291,758,809       742,034
 Report and Accounts for the financial year ended 31 December 2025.
 5.   To reappoint Katherine Roe, who is a member of the ESG Committee, as a     291,427,392                 99.89%   331,330    0.11%  291,758,722       742,121
 Director.
 6.   To reappoint Sue Rivett, who is a member of the ESG and Reserves           291,364,637                 99.87%   393,375    0.13%  291,758,012       742,831
 Committees, as a Director.
 7.   To reappoint Geoffrey Green, who is Chair of the Remuneration Committee    288,343,781                 98.83%   3,414,231  1.17%  291,758,012       742,831
 and a member of the Audit and Risk, ESG and Nominations Committees, as a
 Director.
 8.   To reappoint Dr Bill Higgs, who is Chair of the Reserves Committee and     291,832,313                 99.96%   125,699    0.04%  291,958,012       542,831
 a member of the ESG Committee, as a Director.
 9.   To reappoint Lisa Mitchell, who is Chair of the Audit and Risk             288,527,530                 98.89%   3,230,482  1.11%  291,758,012       742,831
 Committee and a member of the ESG,  Nominations and Remuneration Committees,
 as a Director.
 10. To reappoint João Saraiva e Silva, who is Chair of the Nominations and      291,377,798                 99.80%   575,934    0.20%  291,953,732       547,111
 ESG Committees, as a Director
 11. To reappoint Ernst & Young LLP as Auditors to hold office until the         291,946,162                 100.00%  13,374     0.00%  291,959,536       541,307
 conclusion of the next Annual General Meeting at which accounts are laid
 before the Company.
 12. To authorise the Audit and Risk Committee, for and on behalf of the         291,946,940                 100.00%  12,509     0.00%  291,959,449       541,394
 Directors, to agree the Auditors' remuneration.
 13. To authorise the Directors to allot securities (s.551 of the Companies Act  291,258,061                 99.76%   701,623    0.24%  291,959,684       541,159
 2006).
 14. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006)  291,356,120                 99.79%   599,284    0.21%  291,955,404       545,439
 15. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006)  291,291,601                 99.77%   663,803    0.23%  291,955,404       545,439
 for acquisitions or specified capital investments.
 16. To authorise the Company to repurchase its own Shares (s.701 of the         291,851,464                 100.00%  10,794     0.00%  291,862,258       638,585
 Companies Act 2006).
 17. To authorise the Directors to call general meetings of the Company (other   291,670,139                 99.97%   88,670     0.03%  291,758,809       742,034
 than an annual general meeting) on not less than 14 clear days' notice.

 

Enquiries

Pharos Energy plc
 
Tel: 0207 603 1515

Tony Hunter, Company Secretary

 

Camarco
 
Tel: 020 3757 4980

Billy Clegg |Georgia Edmonds |Violet Wilson |Eloise Quetglas-Peach

 

Notes to editors

Pharos Energy plc is an independent energy company focused on delivering
sustainable growth and returns to stakeholders, with a portfolio of stable
production, development and exploration assets in Vietnam and Egypt. Led by an
experienced team, Pharos is a cash generative business with a robust balance
sheet and an established platform to deliver both organic growth and inorganic
opportunities.

 

Pharos is listed on the Main Market of the London Stock Exchange. For further
information please visit www.pharos.energy (http://www.pharos.energy) .

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGABMATMTTTBTF



            Copyright 2019 Regulatory News Service, all rights reserved