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Afentra PLC held its 2025 Annual General Meeting on 04 June 2025, where shareholders voted on 15 resolutions by way of a poll. Of these, 14 resolutions were passed. Resolution 13, concerning the disapplication of statutory pre-emption rights in additional limited circumstances, was not passed, having received 48.38% of votes "For" and 51.62% of votes "Against."
| Date | 4 Jun 2025 |
| Time | 16:22:07 |
| Category | AGMs and other meetings |
| ID | 4774L |
04 June 2025
AFENTRA PLC
Results of 2025 Annual General Meeting
Afentra plc ('Afentra' or the 'Company'), advises that at its Annual General Meeting held today, the resolutions were put to shareholders by way of a poll.
The following votes were received by the Company from shareholders:
|
Resolution
|
For |
Against |
Withheld |
|||
|
|
No. of shares |
% of votes |
No. of shares |
% of votes |
|
|
|
|
||||||
|
1. |
To receive and adopt the annual Accounts for the financial year ended 31 December 2024 |
93,549,493 |
100.00 |
402 |
0.00 |
813 |
|
2. |
To receive and approve the Directors' Remuneration Report |
93,381,364 |
99.84 |
153,708 |
0.16 |
15,636 |
|
3. |
To receive and approve the Directors' Remuneration Policy |
93,391,906 |
99.85 |
143,166 |
0.15 |
15,636 |
|
4. |
To re-appoint the Auditors |
93,543,297 |
99.99 |
6,598 |
0.01 |
813 |
|
5. |
To authorise the Audit Committee to determine the remuneration of the Auditors |
93,546,137 |
100.00 |
3,604 |
0.00 |
967 |
|
6. |
To re-elect Paul McDade as a Director of the Company |
92,962,155 |
99.37 |
587,586 |
0.63 |
967 |
|
7. |
To re-elect Ian Cloke as a Director of the Company |
92,963,054 |
99.37 |
586,687 |
0.63 |
967 |
|
8. |
To re-elect Anastasia Deulina as a Director of the Company |
92,965,947 |
99.38 |
583,794 |
0.62 |
967 |
|
9. |
To re-elect Thierry Tanoh as a Director of the Company |
93,479,977 |
99.99 |
9,764 |
0.01 |
60,967 |
|
10. |
To re-elect Gavin Wilson as a Director of the Company |
93,477,804 |
99.92 |
71,937 |
0.08 |
967 |
|
11. |
To authorise the Directors to allot shares |
93,377,486 |
99.83 |
158,704 |
0.17 |
14,518 |
|
|
||||||
|
12. |
To disapply statutory pre-emption rights* |
93,364,507 |
99.82 |
171,529 |
0.18 |
14,672 |
|
13. |
To disapply statutory pre-emption rights in additional limited circumstances* |
45,254,507 |
48.38 |
48,281,683 |
51.62 |
14,518 |
|
14. |
To authorise the Company to make market purchases of its own shares* |
93,543,273 |
99.99 |
13,060 |
0.01 |
813 |
|
15 |
To call a general meeting of the Company on short notice* |
93,543,273 |
99.99 |
6,622 |
0.01 |
813 |
*special resolution
Notes:
1. All resolutions apart from resolution 13 were passed. Resolution 13 (to disapply pre-emptive rights ) was not passed and the Company will consult with its shareholders to understand their position regarding this resolution.
2. Percentages have been rounded to two decimal places.
3. Proxy appointments which gave discretion to the Chair of the AGM have been included in the "For" total for the appropriate resolution.
4. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
5. 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.
6. The percentage of votes cast excludes withheld votes.
7. The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://www.afentraplc.com/investors/documents-circulars/.
For further information contact:
Afentra plc +44 (0)20 7405 4133
Paul McDade, CEO
Anastasia Deulina, CFO
Christine Wootliff, Investor Relations
Burson Buchanan (Financial PR) +44 (0)20 7466 5000
Ben Romney
Barry Archer
George Pope
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) +44 (0) 20 7710 7600
Callum Stewart
Simon Mensley
Ashton Clanfield
Tennyson Securities (Joint Broker) +44 (0)20 7186 9033
Peter Krens
About Afentra
Afentra plc (AIM: AET) is an upstream oil and gas company focused on opportunities in Africa. The Company's purpose is to support a responsible energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. Offshore Angola, Afentra has a 30% non-operated interest in the producing Block 3/05 and a 21.33% non-operated interest in the adjacent development Block 3/05A in the Lower Congo Basin and a 40% non-operating interest in the exploration Block 23 in the Kwanza Basin. Onshore Angola, Afentra has a 45% non-operated interest in the prospective Blocks KON15 & KON19 located in the western part of the onshore Kwanza basin. Afentra also has a 34% carried interest in the Odewayne Block onshore southwestern Somaliland.
Inside Information
This announcement contains inside information for the purposes of article 7 of Regulation 2014/596/EU (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) and as subsequently amended by the Financial Services Act 2021 ('UK MAR'). Upon publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain. For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of Afentra is Paul McDade, Chief Executive Officer.