REG - Sound Energy PLC - Result of AGM

Sound EnergyAnnouncement

28/06/2024 14:30

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RNS Number : 4157U  Sound Energy PLC  28 June 2024

 

28 June 2024

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Results of Annual General Meeting ("AGM")

 

The Directors of Sound Energy, the transition energy company, announces that
the resolutions detailed below were put to shareholders at the AGM of the
Company held earlier today by way of a poll.

 

The results of the poll were as follow:

 

 

    Resolutions                                                                  For          %      Against      %      Withheld
 1  To receive the audited annual accounts of the Company for the year ended 31  590,772,564  99.96  235,317      0.04   844,920
    December 2023
 2  To re-appoint Crowe UK LLP as the Auditor of the Company                     590,816,162  99.86  819,502      0.14   217,137
 3  To authorise the Directors to determine the remuneration of the Auditors     584,003,177  98.73  7,529,606    1.27   320,018
 5  To re-appoint David Blewden as a Director of the Company                     562,408,009  95.06  29,202,211   4.94   242,581
 6  To give directors authority to allot equity securities                       561,910,056  95.00  29,595,608   5.00   347,137
    Special Resolutions:
 7  To give directors authority disapply re-emption rights                       296,413,406  50.11  295,142,258  49.89  297,137
 8  To give directors authority to make market purchases of own shares           583,718,777  98.68  7,806,887    1.32   327,137

 

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.

 

Resolution 4, an Ordinary Resolution to re-appoint Simon Ashby-Rudd as a
Director of the Company in accordance with Article 131 of the Articles of
Association, was withdrawn given Mr Ashby-Rudd's decision to step down from
the Board as announced on 14 June 2024.

 

Resolution 7, a Special Resolution granting the directors authority to allot
shares on a non-pre-emptive basis, and which required 75 per cent of the votes
cast to be in favour in order to pass, has failed.

 

Graham Lyon, Executive Chairman, commented:

 

"It is unfortunate that Resolution 7, to provide customary flexibility in
relation any future issues of equity which the Board considered to be in the
best interests of shareholders failed to receive the necessary
support. Notwithstanding the resultant limitations, the Company will
continue to engage with shareholders, including in the event that additional
shareholder authority is required."

 

 

 

 

For further information please contact:

 

 

 Sound Energy                                   chairman@soundenergyplc.com (mailto:chairman@soundenergyplc.com)

 Graham Lyon, Executive Chairman

 Cavendish Capital Markets - Nominated Adviser  Tel: 44 (0)20 7220 0500

 Ben Jeynes

 Peter Lynch

 Zeus - Broker

                                              Tel: 44 (0)20 3829 5000
 Simon Johnson

 Gneiss Energy Limited - Financial Adviser      Tel: (0)20 3983 9263

 Jon Fitzpatrick

 Paul Weidman

 Doug Rycroft

 

 

 

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