REG - Reabold Resources - Result of AGM

Reabold ResourcesAnnouncement

29/06/2023 13:00

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RNS Number : 4162E  Reabold Resources PLC  29 June 2023

 

29 June 2023

Reabold Resources plc

("Reabold" or the "Company")

Results of Annual General Meeting

Reabold Resources plc, the oil & gas investing company with a diversified
portfolio of exploration, appraisal and development projects, is pleased to
announce that the resolutions put to shareholders at its Annual General
Meeting held earlier today were duly passed.

The votes cast for each of the resolutions put before the Annual General
Meeting of Reabold were as follows:

 Resolution                                                                Votes For      %      Votes Against  %      Total votes cast (excluding withheld)  % of Issued Share Capital Voted*  Votes Withheld**
 Resolution 1: Report and accounts                                         2,468,141,282  76.20  770,679,883    23.80  3,238,821,165                          32.67                             557,963
 Resolution 2: To re-elect Mr S Oza as a director                          2,524,349,478  77.97  713,272,324    22.03  3,237,621,802                          32.66                             1,757,326
 Resolution 3: To re-elect Mr S Williams as a director                     2,523,282,806  77.94  714,338,996    22.06  3,237,621,802                          32.66                             1,757,326
 Resolution 4: Reappointment of auditor                                    2,556,590,651  79.28  668,230,514    20.72  3,224,821,165                          32.53                             14,557,963
 Resolution 5: Authority to allot shares up to a specified amount          2,524,815,022  77.95  714,098,070    22.05  3,238,913,092                          32.67                             466,036
 Resolution 6: Special resolution: Authority to allot a limited number of  2,523,599,558  77.92  715,313,249    22.08  3,238,912,807                          32.67                             466,321
 shares for cash free of pre-emption rights
 Resolution 7: Special resolution: Share buyback                           2,522,380,337  77.91  715,012,322    22.09  3,237,392,659                          32.66                             1,986,469

*     Total voting rights of the shares in issue, excluding the 74,975,071
ordinary shares held in Treasury, was 9,913,223,649. Every shareholder has one
vote for every ordinary share held.

**   Please note a 'vote withheld' is not a vote under English law and is
not counted in the calculation of votes 'for' or 'against' a resolution.

For further information, contact:

 

 Reabold Resources plc                                      c/o Camarco

 Sachin Oza                                                 +44 (0) 20 3757 4980

 Stephen Williams

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney

 James Dance

 Rob Patrick

 Stifel Nicolaus Europe Limited - Joint Broker              +44 (0) 20 7710 7600

 Callum Stewart

 Simon Mensley

 Ashton Clanfield

 finnCap Ltd - Joint Broker                                 +44 (0) 20 7220 0500

 Christopher Raggett

 Barney Hayward

 Camarco                                                    +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 

Notes to Editors

 

Reabold Resources plc has a diversified portfolio of exploration, appraisal
and development oil & gas projects. Reabold's strategy is to invest in
low-risk, near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of such
proceeds will be returned to shareholders and re-invested into further growth
projects. This strategy is illustrated by the recent sale of the undeveloped
Victory gas field to Shell, the proceeds of which are being returned to
shareholders and re-invested.

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