REG - San Leon Energy PLC - Results of AGM and EGM and Transaction update

San Leon EnergyAnnouncement

05/08/2022 14:00

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RNS Number : 1347V  San Leon Energy PLC  05 August 2022

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS SUPPLEMENTED BY THE
MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

5 August 2022

San Leon Energy plc

("San Leon" or the "Company")

 

Results of Annual General Meeting and Extraordinary General Meeting

and

Transaction update

Results of the general meetings

 

San Leon, the independent oil and gas production, development and exploration
company focused on Nigeria, is pleased to announce that the Annual General
Meeting (the "AGM") and Extraordinary General Meeting (the "EGM") of the
shareholders of San Leon were held today at 11.00 am and 11.30 am respectively
at Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland.

 

The Company is pleased to confirm that all of the resolutions proposed at the
AGM and the EGM were successfully passed by way of poll without amendment.

 

The poll votes received from shareholders on each resolution are set out
below.

 Sequence  Resolution Number   For                     For Percent  Against                 Against Percent  Withheld                Withheld Percent  Total Votes             Percent Issued Capital
 AGM        03/01                   388,801,964        100.00%                729           0.00%                  31,061            0.01%                   388,802,693       86.42%
 AGM        03/02A                  388,799,542        100.00%                687           0.00%                  33,525            0.01%                   388,800,229       86.42%
 AGM        03/02B                  388,798,222        100.00%             4,471            0.00%                  31,061            0.01%                   388,802,693       86.42%
 AGM        03/02C                  388,801,796        100.00%                897           0.00%                  31,061            0.01%                   388,802,693       86.42%
 AGM        03/03                   388,799,369        100.00%                687           0.00%                  33,698            0.01%                   388,800,056       86.42%
 AGM        03/04                   388,799,138        100.00%                868           0.00%                  33,748            0.01%                   388,800,006       86.42%
 AGM        03/05                   388,791,625        99.99%             39,047            0.01%                   3,082            0.00%                   388,830,672       86.42%
 AGM        03/06                   388,800,607        99.99%             32,542            0.01%                      605           0.00%                   388,833,149       86.42%
 AGM        03/07                   388,798,145        99.99%             32,713            0.01%                   2,896            0.00%                   388,830,858       86.42%
 EGM        02/01                   388,695,634        100.00%             1,310            0.00%                      382           0.00%                   388,696,944       86.39%
 EGM        02/02                   388,664,436        100.00%             1,322            0.00%                  31,568            0.01%                   388,665,758       86.39%
 EGM        02/03                   388,695,461        100.00%             1,310            0.00%                      555           0.00%                   388,696,771       86.39%
 EGM        02/04                   388,695,461        100.00%             1,310            0.00%                      555           0.00%                   388,696,771       86.39%
 EGM        02/05                   388,692,854        100.00%             1,453            0.00%                   3,019            0.00%                   388,694,307       86.39%
 EGM        02/06                   388,661,842        99.99%             32,452            0.01%                   3,032            0.00%                   388,694,294       86.39%

 

Notes:

1.             Any proxy arrangement which gave discretion to the
Chairman has been included in the "for" totals.

2.             A "Vote withheld" is not a vote in law and is not
counted in the calculation of the percentage of shares voted "For" or
"Against" any resolution.

3.             The number of shares in issue at 6:30 p.m. on 4
August 2022 was 449,913,026. The Company does not hold any shares in treasury.

 

Transaction update

 

The EGM was convened to approve, inter alia:

 

i)           a series of agreements with Midwestern Oil & Gas Company
Limited ("Midwestern") to consolidate Midwestern's holdings in San Leon,
Midwestern Leon Petroleum Limited ("MLPL") and Energy Link Infrastructure
(Malta) Limited ("ELI") into a single holding in San Leon (together the
"Proposed Midwestern Reorganisation"); and

ii)            further conditional investments in ELI (together the
"Further ELI Investments").

 

Further details of the Proposed Midwestern Reorganisation and Further ELI
Investments (collectively referred to as the "Proposed Transactions") were set
out in the Company's announcement of 8 July 2022 and are contained in the AIM
admission document published by the Company on the same day (the "Admission
Document"). Unless otherwise defined herein, the capitalised defined terms
used in this announcement have the same meaning as those used in the Admission
Document.

 

Enquiries:

 San Leon Energy plc                                   +353 1291 6292
 Oisin Fanning, Chief Executive

 Julian Tedder, Chief Financial Officer
 Allenby Capital Limited                               +44 20 3328 5656

 (Nominated adviser and joint broker to the Company)
 Nick Naylor

 Alex Brearley

 Vivek Bhardwaj
 Panmure Gordon & Co                                   +44 20 7886 2500

 (Joint broker to the Company)
 James Sinclair-Ford
 Tavistock                                             +44 20 7920 3150

 (Financial Public Relations)
 Nick Elwes

 Simon Hudson
 Plunkett Public Relations                             +353 1 230 3781
 Sharon Plunkett

 

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