TIDMHUR
RNS Number : 7419D
Hurricane Energy PLC
30 June 2021
30 June 2021
Hurricane Energy plc
("Hurricane", or the "Company")
Results of AGM
Hurricane Energy plc, the UK based oil and gas company,
announces the results of its Annual General Meeting ("AGM") held
earlier today.
The AGM was held at the Company's Registered Office: The Wharf,
Abbey Mill Business Park, Lower Eashing, Godalming, Surrey GU7 2QN
at 3.00 p.m. Out of the Resolutions contained in the Notice of
Meeting (as circulated to shareholders on 26 May 2021 and available
on the Company's website at
https://www.hurricaneenergy.com/investors/general-meetings),
resolutions 5 and 6 were withdrawn prior to the AGM, resolutions
1-4 were put to the AGM and voted on by way of a poll.
The total number of votes received on each resolution put to the
AGM was as follows:
# Resolution Votes % Votes % Votes TOTAL % ISC Votes
FOR AGAINST Voted WITHELD
Receive Annual
Report and Group
1 Financial Statements 65,768,385 25.59 191,209,478 74.41 256,977,863 12.90% 301,766,520
--------------------- ----------- ----- ----------- ----- ----------- ------ -----------
Re-appoint Deloitte
LLP as the Company's
2 auditors 55,943,207 21.77 201,052,684 78.23 256,995,891 12.90% 301,768,420
--------------------- ----------- ----- ----------- ----- ----------- ------ -----------
Elect Richard
3 Chaffe 336,008,887 61.18 213,210,675 38.82 549,219,562 27.57% 9,544,749
--------------------- ----------- ----- ----------- ----- ----------- ------ -----------
Elect Antony
4 Maris 337,166,285 61.49 211,174,777 38.51 548,341,062 27.53% 10,423,249
--------------------- ----------- ----- ----------- ----- ----------- ------ -----------
Resolution 1, a resolution to receive the Annual Report and
Group Financial Statements, is an advisory resolution. As such the
Company will proceed with the filing of the Annual Report and Group
Financial Statements in line with its statutory duties.
Resolution 2, a resolution to re-appoint Deloitte LLP as the
Company's auditors, the Company notes that this resolution was not
passed. The Company is considering its options following this
outcome and will update the market in due course.
Resolution 3, a resolution to elect Richard Chaffe as a director
of the Company, was passed with a majority of 61.18%. Resolution 4,
a resolution to elect Antony Maris as a director of the Company,
was passed with a majority of 61.49%.
The Board notes the results of these resolutions and the
significant vote against them. We have engaged with shareholders to
understand their reasons for voting in this way and understand
their concerns, in particular in connection with events connected
with the Company's proposed Restructuring Plan. The Board will
consider further changes to the Board in order to comply with
appropriate corporate governance standards in the near term.
Notes:
Computershare Investor Services PLC acted as scrutineer of the
poll on all resolutions.
-- A vote "Withheld" is not a vote in law and is not counted in
the calculation of the votes cast "For" or "Against" the
resolution, nor in the calculation of the "% ISC Voted" for any
resolution.
-- Votes "For" and "Against" are expressed as a percentage of
votes validly cast for that resolution at the AGM, excluding any
"Withheld" votes.
-- "% ISC Voted" denotes the votes validly cast for each
resolution as a percentage of the issued share capital of
1,991,871,556 shares as at 28 June 2021, being the last date for
submission of votes by proxy in advance of the AGM.
-ends-
Contacts:
Hurricane Energy plc
Antony Maris, Chief Executive Officer
Philip Corbett, Head of Investor Relations +44 (0)1483 862820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart +44 (0)20 7710 7600
Investec Bank plc
Joint Corporate Broker
Chris Sim / Rahul Sharma +44 (0)20 7597 5970
Vigo Consulting
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigoconsulting.com +44 (0)20 7390 0230
About Hurricane
Hurricane has a 100% interest in and operates the Lancaster
field, the UK's first field to produce from a fractured basement
reservoir.
Hurricane also has a 50% interest in the Greater Warwick Area
licence, which contains the Lincoln and Warwick assets.
Visit Hurricane's website at www.hurricaneenergy.com
Inside Information
This announcement does not contain inside information.
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 or visit 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.
END
RAGFLFLDRFIIVIL
(END) Dow Jones Newswires
June 30, 2021 13:14 ET (17:14 GMT)
Hurricane Energy (LSE:HUR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hurricane Energy (LSE:HUR)
Historical Stock Chart
From Apr 2023 to Apr 2024
