TIDMHBR
RNS Number : 8941C
Harbour Energy PLC
23 June 2021
HARBOUR ENERGY PLC
(the "Company")
Result of Annual General Meeting
The Annual General Meeting ("AGM") of the Company was held
today, 23 June 2021, at 23 Lower Belgrave Street, London, SW1W 0NR
at 3.00pm. Each of the resolutions contained in the Notice of
Meeting were put to the AGM, voted on by way of a poll and duly
approved.
The total number of votes received on each resolution put to the
AGM was as follows:
No. Resolution Votes FOR (a) % Votes AGAINST % Votes WITHHELD (b)
Approve the Premier Oil plc Annual Report
1 and Accounts 15,076,809,404 99.94 8,493,123 0.06 2,428,359
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2 Approve the Premier Oil plc Annual Report 14,913,939,666 98.85 173,270,899 1.15 520,322
on Remuneration
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3 Approve the Directors' Remuneration Policy 14,593,098,273 97.19 421,903,633 2.81 72,728,980
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4 Approve amendments to the Harbour Energy 14,594,042,828 97.20 421,075,951 2.80 72,612,108
2017 Long Term Incentive Plan
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5 Elect R. Blair Thomas 15,066,505,481 99.86 20,755,909 0.14 469,497
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6 Elect Linda Z. Cook 15,081,643,888 99.96 5,484,014 0.04 602,985
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7 Elect Phil Kirk 15,081,678,271 99.96 5,583,122 0.04 469,497
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8 Elect Alexander Krane 15,081,419,032 99.96 5,840,358 0.04 471,497
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9 Elect Simon Henry 15,085,798,870 99.99 1,460,520 0.01 471,497
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10 Re-elect Anne Marie Cannon 15,085,434,394 99.99 1,831,897 0.01 464,596
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11 Elect G. Steven Farris 15,078,030,049 99.94 9,229,434 0.06 471,404
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12 Elect Alan Ferguson 15,073,477,690 99.91 13,650,305 0.09 602,892
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13 Elect Andy Hopwood 15,084,550,699 99.98 2,708,784 0.02 471,404
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14 Elect Margareth Øvrum 15,082,530,288 99.97 4,727,195 0.03 473,404
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15 Elect Anne Stevens 15,084,686,520 99.98 2,572,963 0.02 471,404
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16 Re-appoint Ernst & Young LLP as Auditor 15,068,964,630 99.89 16,043,852 0.11 2,722,405
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17 Authorise the Audit & Risk Committee to 15,037,378,054 99.68 47,631,193 0.32 2,721,640
approve Auditor remuneration
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18 Authorise the Company to make political 15,034,024,327 99.92 12,383,934 0.08 41,322,626
donations
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19 Approve the consolidation of the Company's 15,084,058,852 99.98 3,235,815 0.02 436,220
ordinary shares on a 1 for 20 basis
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20 Authorise Directors to allot shares 15,021,960,238 99.57 65,180,024 0.43 590,625
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21 Authority to disapply pre-emption rights 15,043,150,244 99.71 44,022,677 0.29 557,966
(up to 5% of issued share capital) (c)
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22 Authority to disapply pre-emption rights 15,035,858,961 99.66 51,316,410 0.34 555,516
in connection with specific acquisition/
investment
(further 5% of issued share capital) (c)
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23 To approve the adoption of new Articles of 15,082,350,827 99.97 4,903,065 0.03 476,995
Association (c)
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24 Authority to call General Meetings by 15,066,192,075 99.86 21,075,074 0.14 463,738
notice of not less than 14 days (c)
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NOTES:
(a) The "For" proxy vote includes those giving the Chair
discretion.
(b) A vote "Withheld" is not a vote in law and is not counted in
the calculation of the proxy votes "For" or "Against" the
resolution.
(c) Special resolution.
The total number of shares in issue on 21 June 2021, the
deadline for casting votes by proxy in advance of the AGM, was
18,510,652,139 shares. 81.51% of voting capital, including votes
withheld, was instructed in respect of the resolutions put to the
AGM.
The full text of the resolutions can be found in the Notice of
Annual General Meeting, which is available on the Company's website
at www.harbourenergy.com
In accordance with the UK Listing Authority's Listing Rule
9.6.2, copies of all the resolutions passed by the Company's
shareholders, other than ordinary business, will be submitted to
the National Storage Mechanism and will shortly be available for
inspection at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
Share Consolidation
Following the approval of Resolution 19 and, as explained in the
Notice of AGM, the Company's existing ordinary shares of 0.0001
pence each (the 'Existing Ordinary Shares') will now be
consolidated into new ordinary shares of 0.002 pence each (the 'New
Ordinary Shares') such that shareholders on the Company's register
of members at 6:00pm on 24 June 2021 will hold 1 New Ordinary Share
of 0.002 pence each for every 20 Existing Ordinary Shares of 0.0001
pence each.
Requests have been made to the Financial Conduct Authority for
the New Ordinary Shares to be admitted to the premium segment of
the Official List and to the London Stock Exchange and for the New
Ordinary Shares to be admitted to trading on the London Stock
Exchange's Main Market for listed securities.
It is expected that the New Ordinary Shares arising from the
share consolidation will be admitted to listing and trading from
8:00am on 25 June 2021 with ISIN number GB00BMBVGQ36.
Immediately following admission, the Company will have
925,532,606 ordinary shares of 0.002 pence each in issue;
therefore, the total voting rights in the Company will be
925,532,606. This figure may be used by shareholders as the
denominator for calculations by which they may determine whether or
not 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.
Existing equity warrants
The Company confirms that the aforementioned share consolidation
will result in an adjustment to the exercise price under the terms
of the existing equity warrants issued by the Company in 2017. The
exercise price will be adjusted from GBP0.4017 to GBP8.0340 with
effect from 25 June 2021. In addition, each outstanding equity
warrant will be exercisable over one-twentieth of a New Ordinary
Share from the 25 June 2021.
Enquiries
Rachel Rickard, Company Secretary Tel: +44 (0)20 7824 1067
Elizabeth Brooks, Head of Investor Relations Tel: +44 (0)20 7824 1116
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END
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