REG - Sunda Energy PLC - Result of General Meeting
29/04/2026 15:30
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RNS Number : 4509C Sunda Energy PLC 29 April 2026
29 April 2026
Sunda Energy Plc
("Sunda" or "Sunda Energy" or the "Company")
Result of General Meeting
Capital Reorganisation
Fundraising
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 at the Company's
General Meeting ("GM") held earlier today all Resolutions were duly passed.
Unless otherwise defined herein, defined terms used in this announcement have
the same meaning as those set out in the Company's announcement released at
07:01 a.m. on 8 April 2026.
Capital Reorganisation
As a result of the Resolutions having been passed, shareholders have now
approved the Capital Reorganisation. At the Capital Reorganisation Record Date
of 6.00 p.m. 29 April 2026, every 100 Existing Ordinary Shares will be
consolidated into one Consolidated Share. Subsequently, each Consolidated
Share will be subdivided into one New Ordinary Share and one Deferred Share.
The New Ordinary Shares created upon implementation of the Capital
Reorganisation will have the same rights as Existing Ordinary Shares including
voting, dividend and other rights. The ISIN for the New Ordinary Shares is
GB00BSHSGY88 and the SEDOL number is BSHSGY8 which will come into effect at
8.00 a.m. on 30 April 2026.
Fundraising
Following the passing of the Resolutions, 26,890,755 Conditional Subscription
Shares and 13,606,029 Retail Offer Shares, for which application has been
made, are expected to be admitted to trading on AIM at 8.00 a.m. on 30 April
2026 ("Admission").
The Conditional Fundraising Shares will, when issued, be credited as fully
paid and will rank pari passu in all respects with the New Ordinary Shares of
the Company, including the right to receive all dividends or other
distributions made, paid or declared in respect of such shares after the date
of issue of such Conditional Fundraising Shares.
The Company is also now authorised to grant 28,571,426 Subscription Warrants
and 6,802,977 Retail Offer Warrants including the issue of Subscription
Warrants to certain directors of the Company as set out below.
The passing of the Resolutions also authorises the issue of the Convertible
Loan Notes and the future grant of the CLN Warrants, details of which were set
out in the announcement made by the Company at 07:01 a.m. on 8 April 2026.
Result of General Meeting
The Resolutions put to the GM were voted on by way of a poll and the results
are as follows:
Resolution Votes for % Votes against % Votes withheld
Resolution 1 (Special) 8,928,519,160 98.1% 171,318,812 1.9% 632,379,705
To approve the capital reorganisation of the Company and to amend the
Company's articles of association
Resolution 2 (Ordinary) 9,091,265,589 99.8% 19,112,224 0.2% 621,839,864
To approve the acquisition of Matahio Energy NZ Limited and to authorise the
Directors to conclude such acquisition
Resolution 3 (Ordinary) 8,975,542,141 98.7% 119,411,227 1.3% 637,264,309
To authorise the Directors to allot shares and grant warrants and rights to
subscribe for, or to convert any security into, shares in the Company
Resolution 4 (Special) 8,882,571,750 97.9% 193,754,634 2.1% 655,891,293
To disapply pre-emption rights
Admission & Total Voting Rights
Following Admission, the total number of New Ordinary Shares in the capital of
the Company in issue will be 385,515,418 with each New Ordinary Share carrying
the right to one vote. There are no New Ordinary Shares held in treasury and
therefore the total number of voting rights in the Company will be
385,515,418. The above 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.
Directors' shareholdings
Following Admission, the holdings of the Directors who participated in the
Conditional Subscription will be as follows:
Director Number of New Ordinary Shares subscribed for Number of Subscription Warrants granted Total number of New Ordinary Shares following General Admission Percentage of Enlarged Share Capital following General Admission
Dr Andrew Butler 25,210,084 12,605,042 36,516,098 9.47%
(CEO)
Gerry Aherne 1,344,537 672,268 5,144,537 1.33%
(Chairman)
Keith Bush 168,067 84,033 568,067 0.15%
(Non-Executive Director)
Dr John Chessher 168,067 84,033 665,802 0.17%
(Non-Executive Director)
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
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name 1. Dr Andrew Butler
2. Gerry Aherne
3. Keith Bush
4. Dr John Chessher
2. Reason for the Notification
a) Position/status 1. Chief Executive Officer
2. Non-Executive Chairman
3. Non-Executive Director
4. Non-Executive Director
b) Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Sunda Energy Plc
b) LEI 213800MBSOS9UZ5SW712
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.1 pence each
Identification code ISIN: GB00BSHSGY88
b) Nature of the transaction Subscription for Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.02975 1. 25,210,084
2. £0.02975 2. 1,344,537
3. £0.02975 3. 168,067
4. £0.02975 4. 168,067
d) Aggregated information:
- Aggregated volume N/A (single transactions)
- Price N/A (single transactions)
e) Date of the transaction 8 April 2026 to be completed on 30 April 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
- Aggregated volume
- Price
N/A (single transactions)
N/A (single transactions)
e)
Date of the transaction
8 April 2026 to be completed on 30 April 2026
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name 1. Dr Andrew Butler
2. Gerry Aherne
3. Keith Bush
4. Dr John Chessher
2. Reason for the Notification
a) Position/status 1. Chief Executive Officer
2. Non-Executive Chairman
3. Non-Executive Director
4. Non-Executive Director
b) Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Sunda Energy Plc
b) LEI 213800MBSOS9UZ5SW712
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.1 pence each
Identification code ISIN: GB00BSHSGY88
b) Nature of the transaction Grant of Warrants over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.044625 1. 12,605,042
2. 672,268
2. £0.044625 3. 84,033
4. 84,033
3. £0.044625
4. £0.044625
d) Aggregated information:
- Aggregated volume N/A (single transactions)
- Price N/A (single transactions)
e) Date of the transaction 8 April 2026 to be completed on 30 April 2026
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
- Aggregated volume
- Price
N/A (single transactions)
N/A (single transactions)
e)
Date of the transaction
8 April 2026 to be completed on 30 April 2026
f)
Place of the transaction
Outside a trading venue
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