TIDMI3E
RNS Number : 6353E
i3 Energy PLC
30 June 2023
30 June 2023
i3 Energy plc
("i3" or the "Company")
Result of AGM
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas
company with assets and operations in the UK and Canada, notes that
at its annual general meeting (AGM) held on 30 June 2023, all
resolutions, save resolution
11, duly passed. Resolution 11, a special resolution, did not pass.
Special resolution 11, to authorize the Directors to disapply
pre-emption rights. Section 561(1) of the Companies Act 2006
provides that if the Directors wish to allot any equity securities
or sell any treasury shares (if it holds any), for cash, the
Company must first offer them to existing shareholders in
proportion to their existing shareholdings. Section 561 does not
apply in connection with allotments made pursuant to an employee
share scheme.
The purpose of this resolution was to seek power for the
Directors to allot equity securities or sell any treasury shares
for cash as if Section 561(1) of the Companies Act 2006 did not
apply in connection with rights issues, open offers and other
pre-emptive and non-pre-emptive offers and issues pursuant to the
authority granted by resolution 10, to authorize the Directors to
allot Ordinary Shares.
As a result of the resolution not passing the Company will seek
shareholder approval to disapply pre-emptive rights if and as
required.
RESOLUTION VOTES % VOTES % VOTES % of VOTES
FOR AGAINST TOTAL ISSUED WITHHELD
SHARE
CAPITAL
VOTED
------------ --------- ----------
1 433,694,910 99.05 4,143,618 0.95 437,838,528 36.43% 6,352
------------ ------- ------------ ------ ------------ --------- ----------
2 438,897,673 99.99 60,668 0.01 438,958,341 36.52% 56,139
------------ ------- ------------ ------ ------------ --------- ----------
3 438,748,952 99.94 258,726 0.06 439,007,678 36.53% 6,802
------------ ------- ------------ ------ ------------ --------- ----------
4 437,429,501 99.99 58,554 0.01 437,488,055 36.40% 359,940
------------ ------- ------------ ------ ------------ --------- ----------
5 437,421,681 99.99 58,554 0.01 437,480,235 36.40% 367,760
------------ ------- ------------ ------ ------------ --------- ----------
6 437,475,496 100.00 13,554 0.00 437,489,050 36.40% 358,945
------------ ------- ------------ ------ ------------ --------- ----------
7 326,809,431 74.70 110,676,634 25.30 437,486,065 36.40% 361,930
------------ ------- ------------ ------ ------------ --------- ----------
8 433,333,166 99.05 4,162,042 0.95 437,495,208 36.40% 352,787
------------ ------- ------------ ------ ------------ --------- ----------
9 437,468,916 100.00 17,134 0.00 437,486,050 36.40% 361,945
------------ ------- ------------ ------ ------------ --------- ----------
10 300,296,975 68.59 137,544,668 31.41 437,841,643 36.43% 6,352
------------ ------- ------------ ------ ------------ --------- ----------
11 295,714,017 67.54 142,127,626 32.46 437,841,643 36.43% 6,352
------------ ------- ------------ ------ ------------ --------- ----------
12 437,646,215 99.96 195,428 0.04 437,841,643 36.43% 6,352
------------ ------- ------------ ------ ------------ --------- ----------
13 437,460,419 99.99 62,056 0.01 437,522,475 36.40% 325,520
------------ ------- ------------ ------ ------------ --------- ----------
END
Enquiries:
i3 Energy plc c/o Camarco
Majid Shafiq (CEO) Tel: +44 (0) 203 781 8331
WH Ireland Limited (Nomad and
Joint Broker) Tel: +44 (0) 207 220 1666
James Joyce, Darshan Patel
Tennyson Securities (Joint Broker)
Peter Krens Tel: +44 (0) 207 186 9030
Stifel Nicolaus Europe Limited
(Joint Broker) Tel: +44 (0) 20 7710 7600
Ashton Clanfield, Callum Stewart
Camarco
Georgia Edmonds, Violet Wilson, Tel: +44 (0) 203 757 4980
Sam Morris
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost,
diversified, growing production base in Canada's most prolific
hydrocarbon region, the Western Canadian Sedimentary Basin and
appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through
the optimisation of its existing 100% owned asset base and the
acquisition of long life, low decline conventional production
assets.
i3 is dedicated to responsible corporate practices and the
environment, and places high value on adhering to strong
Environmental, Social and Governance ("ESG") practices. i3 is proud
of its performance to date as a responsible steward of the
environment, people, and capital management. The Company is
committed to maintaining an ESG strategy, which has broader
implications to long-term value creation, as these benefits extend
beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock
Exchange under the symbol I3E and on the Toronto Stock Exchange
under the symbol ITE. For further information on i3 Energy please
visit https://i3.energy
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
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END
RAGBLGDLRUXDGXG
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June 30, 2023 12:58 ET (16:58 GMT)
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