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Pennpetro Energy Plc announced on 23 December 2025 the results of its General Meeting. Shareholders passed Ordinary Resolution 1, authorizing the allotment of shares, with 27,983,513 votes (53.37%) in favour. Special Resolution 2, regarding the disapplication of pre-emption rights, was not passed as it received 27,937,738 votes (53.27%) against the required 75% majority.
| Date | 23 Dec 2025 |
| Time | 13:00:01 |
| Category | AGMs and other meetings |
| ID | 7026M |
23 December 2025
Pennpetro Energy Plc
("Pennpetro" or the "Company")
Result of General Meeting
Pennpetro Energy plc (LSE: PPP), the company focused on developing strategic traditional and transition energy projects, announces the results of its General Meeting held earlier today. Voting was by way of a poll.
The following table shows the votes cast on each resolution:
|
|
Resolution* |
Votes For |
% |
Votes Against |
% |
Votes Withheld |
|
1. |
Authority to allot shares |
27,983,513 |
53.37% |
24,450,872 |
46.63% |
91,841 |
|
2. |
Disapplication of pre-emption rights ** |
27,937,738 |
53.27% |
24,511,647 |
46.73% |
76,841 |
* The full text of the resolutions is given in the Notice of GM which is available at https://pennpetroenergy.co.uk/notices-%26-reports
** Indicates a Special Resolution requiring a 75% majority of the votes cast.
Accordingly, Ordinary Resolution 1 was duly passed. Special Resolution 2 was not passed.
For further information, contact:
|
Pennpetro Energy Plc Mavriky Kalugin Richard Spinks |
c/o Camarco +44 (0) 20 3757 4980 |
|
Capital Plus Partners Limited - Broker Jon Critchley |
+44 (0) 20 7432 0501 |
|
Camarco - Financial PR Andrew Turner | Fergus Young
|
+44 (0) 20 3757 4980
|