⌘K
t
Corcel Plc announced on 20 February 2025 that all resolutions put to shareholders at its General Meeting were duly passed. For Resolution 1, 99.95% (753,853,067 votes) were cast in favour; for Resolution 2, 99.88% (753,395,859 votes) were in favour; and for Resolution 3, 99.72% (752,150,489 votes) were in favour.
| Date | 20 Feb 2025 |
| Time | 14:54:27 |
| Category | AGMs and other meetings |
| ID | 9176X |
Corcel plc
("Corcel" or the "Company")
Results of General Meeting
20 February 2025
Corcel Plc, the pan Angola-Brazil focused energy company, announces that the resolutions put to shareholders at its General Meeting ("GM") held earlier today, were duly passed.
General Meeting Results:
The resolutions put to the GM were voted on by way of a poll and the results are as follows:
|
Resolutions |
For |
% |
Against |
% |
Withheld |
|
1 |
753,853,067 |
99.95 |
371,113 |
0.05 |
424,523 |
|
2 |
753,395,859 |
99.88 |
888,897 |
0.12 |
363,947 |
|
3 |
752,150,489 |
99.72 |
2,139,146 |
0.28 |
359,068 |
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.
For further information please contact:
Scott Gilbert - Corcel Plc, CEO & Director
James Joyce / James Bavister / Andrew de Andrade - Zeus, NOMAD & Broker
020 3829 5000
Jonathan Wright / Rupert Holdsworth Hunt - Auctus Advisors, Joint Broker
07711 627449
Patrick d'Ancona - Vigo Communications, IR
0207 3900 230
About Corcel:
Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside. Corcel marked a new country entry into Brazil by acquiring rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.
Corcel's Angola portfolio consists of interests in three licenses:
·KON - 16 Operated - 55% working interest - 49.5% net to CRCL
·KON - 11 Non-Operated - 20% working interest - 18% net to CRCL
·KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL
Corcel's Brazil portfolio consists of the option to acquire:
·20% interest in the IRAI gas field
·Right-of-first refusal ("ROFR") over the remaining 80% in the IRAI field
·ROFR for 100% of the adjacent TUC-T-172 exploration block, located in the state of Bahia, onshore Brazil
Corcel's Battery Metals portfolio consists of an 80% working interest in the Mt Weld Rare Earth Elements project in Western Australia.