Pantheon Resources PLC Result of AGM (9174T)
March 22 2023 - 12:09PM
UK Regulatory
TIDMPANR
RNS Number : 9174T
Pantheon Resources PLC
22 March 2023
22 March, 2023
Pantheon Resources plc
Result of AGM
Pantheon Resources plc ("Pantheon" or "the Company"), the
AIM-quoted oil and gas company with a 100% working interest in all
of its oil projects spanning c. 153,000 acres adjacent and near to
transportation and pipeline infrastructure on the Alaska North
Slope, is pleased to announce that at the Annual General Meeting,
reconvened today, all resolutions were duly passed. A breakdown of
the votes are provided below:
Ordinary Resolutions For % Against %
1. To receive and adopt the Company's
annual accounts for the financial
year ended 30 June 2022 together
with the directors' reports and
the auditors" report on those
accounts. 189,065,217 96.7 6,509,782 3.3
------------ ---- ----------- ----
2. To re-elect Robert Rosenthal
as a director of the Company. 192,586,715 98.4 3,095,208 1.6
------------ ---- ----------- ----
3. To re-appoint PKF Littlejohn
LLP as auditors and to authorise
the directors to determine their
remuneration. 186,584,077 95.4 9,079,314 4.6
------------ ---- ----------- ----
4. To authorise the directors
to allot relevant securities
pursuant to Section 551 of the
Companies Act 2006. 184,620,133 94.4 10,962,352 5.6
------------ ---- ----------- ----
Special Resolution
------------ ---- ----------- ----
5. To authorise the directors
to allot equity securities pursuant
to Section 570 of the Companies
Act 2006. 152,201,723 77.9 43,201,074 22.1
------------ ---- ----------- ----
The Board has noted that the votes cast against resolution 5
(22.1%) were slightly greater than 20% of those exercised in total
by the Company's shareholders. The Board engages with shareholders
on an ongoing basis and reflects carefully upon the feedback
received. The Board will continue to engage with shareholders
during the coming year.
-ENDS-
Further information, please contact:
Pantheon Resources plc +44 20 7484 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity Limited (Nominated Adviser
and broker)
Henry Fitzgerald-O'Connor
James Asensio
Gordon Hamilton +44 20 7523 8000
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld +44 20 7138 3204
Notes to Editors
Pantheon Resources plc is an AIM listed Oil & Gas company
focused on several large projects located on the North Slope of
Alaska ("ANS"), onshore USA where it has a 100% working interest in
153,000 highly prospective acres with potential for multi billion
barrels of oil recoverable. A major differentiator to other ANS
projects is its close proximity to transport and pipeline
infrastructure which offers a significant competitive advantage to
Pantheon, allowing for materially lower capital costs and much
quicker development times. The Group's stated objective is to
create material value for its stakeholders through oil exploration,
appraisal and development activities in high impact, highly
prospective conventional assets, in the USA; a highly established
region for energy production with infrastructure, skilled personnel
and low sovereign risk. All operations are onshore USA, with
drilling costs materially below that of offshore wells.
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END
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