TIDMITH TIDMTTM
RNS Number : 5582A
Ithaca Energy PLC
24 May 2023
ITHACA ENERGY PLC
(the "Company")
LEI 213800BMMUN3AKWBIO91
RESULTS OF ANNUAL GENERAL MEETING 2023
The Annual General Meeting of the Company was held today, 24 May
2023 where all resolutions put to shareholders were duly passed and
details of the results of the poll are set out below:
No. Resolution Votes For % Votes % Votes Total % of Issued Votes
Against Capital Withheld
Receive the annual
1 report and accounts 961,026,343 100.00% 0 0.00% 961,026,343 95.48% 0
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-appoint Deloitte
2 as auditors 961,026,343 100.00% 0 0.00% 961,026,343 95.48% 0
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Approve remuneration
3 of the auditors 960,726,343 99.97% 300,000 0.03% 961,026,343 95.48% 0
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Approve the Directors'
4 Remuneration Policy 957,531,800 99.64% 3,493,618 0.36% 961,025,418 95.48% 925
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Approve the Annual
5 Remuneration Report 957,720,069 99.66% 3,305,349 0.34% 961,025,418 95.48% 925
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect Gilad
6 Myerson 960,172,502 99.91% 853,316 0.09% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect Alan
7 Bruce 961,025,818 100.00% 0 0.00% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect Iain
8 Lewis 960,844,254 99.98% 181,564 0.02% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect John
9 Mogford 961,025,818 100.00% 0 0.00% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect David
10 Blackwood CBE 961,025,818 100.00% 0 0.00% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect Lynne
11 Clow 961,025,818 100.00% 0 0.00% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect Assaf
12 Ginzburg 961,025,818 100.00% 0 0.00% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect Deborah
13 Gudgeon 961,025,818 100.00% 0 0.00% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
14 Elect Itshak Tshuva 960,126,606 99.91% 899,212 0.09% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Re-elect Idan
15 Wallace 960,126,606 99.91% 899,212 0.09% 961,025,818 95.48% 525
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Authorise Directors
16 to allot shares 956,821,257 99.56% 4,205,086 0.44% 961,026,343 95.48% 0
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Authority to disapply
17 pre-emption rights* 956,663,761 99.55% 4,361,657 0.45% 961,025,418 95.48% 925
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Authorise the
Company to make
18 market purchase* 957,720,994 99.66% 3,305,349 0.34% 961,026,343 95.48% 0
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Authorise Directors
to call General
Meetings by notice
of not less than
19 14 days * 957,714,994 99.66% 3,311,349 0.34% 961,026,343 95.48% 0
--------------------------- ----------- ------- --------- ----- ----------- ----------- ---------
Independent Shareholders:
No. Title Votes for % Votes Against % Votes Total % of Issued
Capital
Re-elect John
9 Mogford (Independent) 62,805,887 100.00% 0 0.00% 62,805,887 57.97%
----------------------- ---------- ------- ------------- ----- ----------- -----------
Re-elect David
Blackwood CBE
10 (Independent) 62,805,887 100.00% 0 0.00% 62,805,887 57.97%
----------------------- ---------- ------- ------------- ----- ----------- -----------
Re-elect Lynne
11 Clow (Independent) 62,805,887 100.00% 0 0.00% 62,805,887 57.97%
----------------------- ---------- ------- ------------- ----- ----------- -----------
Re-elect Assaf
12 Ginzburg (Independent) 62,805,887 100.00% 0 0.00% 62,805,887 57.97%
----------------------- ---------- ------- ------------- ----- ----------- -----------
The resolutions put to shareholders can be found in the Notice
of Annual General Meeting, which is available on Ithaca Energy's
website at www.ithacaenergy.com
NOTES:
1. * indicates a Special Resolution requiring 75% of votes cast to be carried.
2. Votes "For" and "Against" are expressed as a percentage of votes cast.
3. Votes "For" include discretionary votes.
4. A "Vote withheld" is not a vote in law and is not counted in
the calculation of the votes "For" or "Against" a resolution.
5. In accordance with Listing Rule 9.2.2ER, the voting by the
independent shareholders is shown separately for Resolutions 9 -
13
6. The total number of ordinary shares in issue on 24 May 2023
was 1,006,564,976. Ordinary shareholders are entitled to one vote
per share held.
7. The full text of each resolution is contained in the Notice
of Annual General Meeting which can be found on the Company's
website.
In accordance with the UK Listing Authority's Listing Rule
9.6.2, copies of all the resolutions passed other than resolutions
concerning ordinary business have been submitted to the National
Storage Mechanism and will shortly be available for inspection
at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Q1 2023 Financial Results -Webcast and Conference call
Ithaca Energy will release its Q1 2023 financial results on 31
May 2023 and will host a virtual presentation and Q&A session
for investors and analysts at 09:00 (BST) and a further
presentation and Q&A session for Bond holders only, which will
be held at 13:00 (BST) on the 31 May 2023. Details of both sessions
are accessible via our website.
Investor and analysts - Webcast link
https://www.investis-live.com/ithaca-energy/646654b5900ed61400612ad5/meht
Investor and analysts - Conference call
Operator Assisted Dial-In: United Kingdom (Local): +44 20 3936
2999 United Kingdom (Toll-Free): +44 800 358 1035 Global Dial-In
Numbers Access Code: 921827
Bond holder - Webcast link
https://www.investis-live.com/ithaca-energy/646656096ea6bc0e00602d06/bgfd
Bond holder - Conference call
Operator Assisted Dial-In: United Kingdom (Local): +44 20 3936
2999 United Kingdom (Toll-Free): +44 800 358 1035 Global Dial-In
Numbers Access Code: 707922
Enquiries
Ithaca Energy
Kathryn Reid - Head of Investor Relations, kathryn.reid@ithacaenergy.com
Corporate Affairs & Communications
FTI Consulting (PR Advisers to Ithaca
Energy) +44 (0)203 727 1000
Ben Brewerton / Nick Hennis ithaca@fticonsulting.com
About Ithaca Energy plc
Ithaca Energy is a leading UK independent exploration and
production company focused on the UK North Sea with a strong track
record of material value creation. In recent years, the Company has
been focused on growing its portfolio of assets through both
organic investment programmes and acquisitions and has seen a
period of significant M&A driven growth centred upon two
transformational acquisitions in recent years. Today, Ithaca Energy
is one of the largest independent oil and gas companies in the
United Kingdom Continental Shelf (the "UKCS"), ranking second by
resources.
With stakes in six of the ten largest fields in the UKCS and two
of UKCS's largest pre-development fields, and with energy security
currently being a key focus of the UK Government, the Group
believes it can utilise its significant reserves and operational
capabilities to play a key role in delivering security of domestic
energy supply from the UKCS.
Ithaca Energy serves today's needs for domestic energy through
operating sustainably. The Group achieves this by harnessing Ithaca
Energy's deep operational expertise and innovative minds to
collectively challenge the norm, continually seeking better ways to
meet evolving demands.
Ithaca Energy's commitment to delivering attractive and
sustainable returns is supported by a well-defined
emissions-reduction strategy with a target of achieving net zero by
2040.
Ithaca Energy plc was admitted to trading on the London Stock
Exchange (LON: ITH) on 14 November 2022.
-ENDS-
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