REG - Sunda Energy PLC - Result of General Meeting

Sunda EnergyAnnouncement

10/11/2025 15:45

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RNS Number : 9274G  Sunda Energy PLC  10 November 2025

10 November 2025

Sunda Energy Plc

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

Result of General Meeting

Directors' shareholdings

Total Voting Rights

Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company
focused on gas assets in Southeast Asia, announces that, further to the
announcement released by the Company on 27 October 2025, the Company's General
Meeting was held today at the offices of Fieldfisher LLP, Riverbank House, 2
Swan Lane, London, EC4R 3TT at 11:00 a.m.

All 3 resolutions put to members were passed on a poll. Resolution 2 was
passed as an ordinary resolution and resolutions 1 and 3 were passed as
special resolutions.

The number of votes cast for and against each of the resolutions proposed, and
the number of votes withheld were as follows:

  Resolution                                                                      Votes for      %       Votes against  %      Votes withheld
 Resolution 1 (Special)                                                           2,083,822,130  93.70%  140,014,367    6.30%  546,364,295

 To provide the Directors with authority to allot Subscription Shares and grant

 Warrants and to disapply pre-emption rights accordingly
 Resolution 2 (Ordinary)                                                          2,106,669,306  94.73%  117,167,191    5.27%  546,364,295

 To provide the Directors with authority to allot shares
 Resolution 3 (Special)                                                           2,066,185,206  93.26%  149,259,171    6.74%  554,756,415

 To disapply pre-emption rights

 

As at 10 November 2025, there were 30,516,378,281 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 our website.

The passing of the Resolutions provides the Company with the necessary
authorities to enable the issue of the Subscription Shares and to cover any
future exercise of the 480,000,000 Warrants granted to the subscribers,
details of which were set out in the announcement made by the Company on 17
October 2025.

Directors' shareholdings

The table below sets out the number of Subscription Shares that were
subscribed for by the Directors and their interests in the issued share
capital of the Company following Admission:

 

 Director       Position                 New Ordinary Shares subscribed for  Number of Warrants granted  Shareholding following Admission  Percentage of enlarged share capital following Admission
 Gerry Aherne   Chairman                 200,000,000                         100,000,000                 380,000,000                       1.21%

 Andy Butler    Chief Executive Officer  400,000,000                         200,000,000                 1,130,601,442                     3.59%
 Rob Collins    Chief Finance Officer    120,000,000                         60,000,000                  120,000,000                       0.38%
 Keith Bush     Non-Executive Director   40,000,000                          20,000,000                  40,000,000                        0.13%
 John Chessher  Non-Executive Director   40,000,000                          20,000,000                  46,000,000                        0.15%

 

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the 960,000,000
Subscription Shares to be admitted to trading on AIM. It is expected that
admission of the Subscription Shares to trading on AIM will become effective,
and that dealings in the Subscription Shares will commence, at 8.00 a.m. on 11
November 2025.

The enlarged share capital of the Company, as increased by the Subscription
Shares, immediately following Admission will be 31,476,378,281 with no
Ordinary Shares in treasury. Therefore, the total number of voting rights will
also be 31,476,378,281. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

The Subscription Shares will be credited as fully paid and will rank pari
passu in all respects with each other and with the Existing Ordinary Shares,
including the right to receive all dividends and other distributions declared,
made or paid after the date of issue.

Capitalised terms in this announcement have the meaning ascribed to them in
the announcement released by the Company on 15 October 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 (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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