REG - Sunda Energy PLC - Result of General Meeting

Sunda EnergyAnnouncement

12/05/2025 15:15

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RNS Number : 3178I  Sunda Energy PLC  12 May 2025

 

12 May 2025

Sunda Energy Plc

("Sunda" or "Sunda Energy" or the "Company")

 

Result of General Meeting

 

Update corporate presentation

 

Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company
focused on gas assets in Southeast Asia, announces that at the Company's
General Meeting held earlier today, all resolutions were duly passed.

 

The following table summarises proxy votes received and votes cast at the
meeting:

 

  RESOLUTIONS                                                          NO OF VOTES FOR  % OF VOTES CAST (EXCLUDING VOTES WITHELD)  NO OF VOTES AGAINST  % OF VOTES CAST (EXCLUDING VOTES WITHELD)  TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD)  NO OF VOTES WITHHELD
 ORDINARY
 1.     To authorise the Directors to issue and allot new shares.      3,322,725,423    98.61%                                     46,954,162           1.39%                                      3,369,679,585                                21,345,088
 SPECIAL
 2.     To disapply pre-emption rights for Resolution 1.               3,289,226,765    98.27%                                     57,810,078           1.73%                                      3,347,036,843                                43,987,830

 

*As at 12 May 2025, there were 25,510,783,788 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution. The full text of each resolution is
available in the Notice of General Meeting, published on the Company's
website.

 

The passing of the Resolutions provides the Company with the necessary
authorities to enable the issue of the Loan Notes and the future grant of
Warrants, details of which were set out in the announcement made by the
Company on 24 April 2025.

 

Following the passing of the Resolutions, completion of the Farm-In Agreement
with government-owned joint venture partner TIMOR GAP, details of which were
announced by the Company on 24 April 2025, remain conditional on the following
conditions precedent being: (i) signature of a contract for the use of a
drilling rig for the drilling of the Chuditch-2 well; and (ii) approval of the
Farm-In Agreement by upstream regulator ANP.

 

An update corporate presentation from today's General Meeting can be accessed
on the Company's website at:
https://sundaenergy.com/investors/reports-presentations/

 

Further announcements will be released by the Company as appropriate.

 

Capitalised terms in this announcement have the meaning ascribed to them in
the announcement released by the Company on 24 April 2025.

 

For further information, please contact:

 

 Sunda Energy Plc                                                   Tel: +44 (0) 20 7770 6424

 Andy Butler, Chief Executive

 Rob Collins, Chief Financial Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)       Tel: +44 (0) 203 328 5656

 Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance)

 Kelly Gardiner, Stefano Aquilino (Sales and Corporate Broking)

 Hannam & Partners Advisory Limited (Advisor and Joint Broker)      Tel: +44 (0) 20 7907 8502

 Neil Passmore (Corporate Finance)

 Leif Powis (Sales)

 Celicourt Communications (Financial PR and IR)                     Tel: +44 (0) 20 7770 6424

 Mark Antelme, Philip Dennis, Charles Denley-Myerson                sunda@celicourt.uk

 

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