Business
Result of AGM
Result of AGM.
About this update from Sound Energy Plc
28 June 2024 Sound Energy plc ("Sound Energy" or the "Company") Results of Annual General Meeting ("AGM") The Directors of Sound Energy, the transition energy company, announces that the resolutions detailed below were put to shareholders at the AGM of the Company held earlier today by way of a poll. The results of the poll were as follow: Resolutions For % Against % Withheld 1 To receive the audited annual accounts of the Company for the year ended 31 December 2023 590,772,564 99.96 235,317 0.04 844,920 2 To re-appoint Crowe UK LLP as the Auditor of the Company 590,816,162 99.86 819,502 0.14 217,137 3 To authorise the Directors to determine the remuneration of the Auditors 584,003,177 98.73 7,529,606 1.27 320,018 5 To re-appoint David Blewden as a Director of the Company 562,408,009 95.06 29,202,211 4.94 242,581 6 To give directors authority to allot equity securities 561,910,056 95.00 29,595,608 5.00 347,137 Special Resolutions: 7 To give directors authority disapply re-emption rights 296,413,406 50.11 295,142,258 49.89 297,137 8 To give directors authority to make market purchases of own shares 583,718,777 98.68 7,806,887 1.32 327,137 A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution. Resolution 4, an Ordinary Resolution to re-appoint Simon Ashby-Rudd as a Director of the Company in accordance with Article 131 of the Articles of Association, was withdrawn given Mr Ashby-Rudd's decision to step down from the Board as announced on 14 June 2024. Resolution 7, a Special Resolution granting the directors authority to allot shares on a non-pre-emptive basis, and which required 75 per cent of the votes cast to be in favour in order to pass, has failed. Graham Lyon, Executive Chairman, commented: "It is unfortunate that Resolution 7, to provide customary flexibility in relation any future issues of equity which the Board considered to be in the best interests of shareholders failed to receive the necessary support. Notwithstanding the resultant limitations, the Company will continue to engage with shareholders, including in the event that additional shareholder authority is required." For further information please contact: Sound Energy Graham Lyon, Executive Chairman [email protected] Cavendish Capital Markets - Nominated Adviser Ben Jeynes Peter Lynch Tel: 44 (0)20 7220 0500 Zeus - Broker Simon Johnson Tel: 44 (0)20 3829 5000 Gneiss Energy Limited - Financial Adviser Jon Fitzpatrick Paul Weidman Doug Rycroft Tel: (0)20 3983 9263