REG - Synergia Energy Ltd - Results of General Meeting

Synergia EnergyAnnouncement

Mon 11:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251229:nRSc0003Na&default-theme=true

RNS Number : 0003N  Synergia Energy Ltd  29 December 2025

For a printer friendly copy of this announcement, please click on the link
below to open a PDF version.

http://www.rns-pdf.londonstockexchange.com/rns/0003N_1-2025-12-29.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0003N_1-2025-12-29.pdf)

 

RNS Announcement

 

29 December 2025

 

AIM: SYN

 

Results of General Meeting

Synergia Energy Ltd (the "Company") is pleased to announce the voting results
from the Company's General Meeting of Shareholders, held on Monday, 29
December 2025.

The Company advises that all motions put to the meeting were voted on by poll,
with resolution one carried, resolution two was not passed. Details of the
proxy voting and voting outcomes for all motions put to the meeting are set
out in the attached report which can be accessed through the pdf link above.

Accordingly, and as previously advised, the Company will execute the Sale and
Purchase Agreement and submit a Deed of Assignment to the Government of India
to transfer the Company's 50% working interest in the Cambay PSC to Selan.

The Transaction remains subject to approval from the Government of India and
subject to Selan establishing a bank guarantee for the deferred payment in a
format suitable for the Company.

Following the Disposal, The Company will re-focus its activities and will:

·      strive to progress the UK Medway Hub Camelot CCS project and
install a new joint venture partner to replace Harbour Energy on the CS019
Camelot CCS licence;

·        seek to manage the return of capital to shareholders via a
share buy-back scheme;

·        the India Project Office will manage the exit from the Cambay
PSC and recovery of proceeds and withholding taxes;

·        progress the Cambay Basin CCS Scheme with regulatory
authorities and the Government of India; and

·      seek to identify additional oil and gas development
opportunities, primarily in India leveraging off the experience and expertise
of the Company's management team.

In accordance with the result of the shareholder vote, the Company will no
longer proceed with the planned delisting of the Company's shares on AIM at
the present time and will focus on developing the Company's business and
returning value to shareholders while remaining an AIM traded company.

Further announcements will be made as appropriate.

 

 

For and on behalf of Synergia Energy Ltd

 

 

 

Allison Pacinotti

Company Secretary

 

 

For further information, please contact:

 

 Investor Enquires           Nominated Advisor and Joint Broker             Joint Broker

 Synergia Energy Ltd         SP Angel Corporate Finance LLP                 Novum Securities

 Briana Stayt                Stuart Gledhill / Richard Hail / Devik Mehta   Colin Rowbury

 Investor Relations                                                         Email:

 Email:                      Tel: +44 (0)20 3470 0470                       crowbury@novumsecurities.com

 bstayt@synergiaenergy.com   UK                                             Tel: +44 20 7399 9427

 Tel: +61 8 9485 3200                                                       UK

 Australia

 

This announcement contains 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 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROMBBBDDCBDDGUC



            Copyright 2019 Regulatory News Service, all rights reserved