Result of AGM

Reabold Resources PLC

29 June 2023

 

29 June 2023

Reabold Resources plc

("Reabold" or the "Company")

Results of Annual General Meeting

Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to announce that the resolutions put to shareholders at its Annual General Meeting held earlier today were duly passed.

The votes cast for each of the resolutions put before the Annual General Meeting of Reabold were as follows:

Resolution	Votes For	%	Votes Against	%	Total votes cast (excluding withheld)	% of Issued Share Capital Voted*	Votes Withheld**
Resolution 1: Report and accounts	2,468,141,282	76.20	770,679,883	23.80	3,238,821,165	32.67	557,963
Resolution 2: To re-elect Mr S Oza as a director	2,524,349,478	77.97	713,272,324	22.03	3,237,621,802	32.66	1,757,326
Resolution 3: To re-elect Mr S Williams as a director	2,523,282,806	77.94	714,338,996	22.06	3,237,621,802	32.66	1,757,326
Resolution 4: Reappointment of auditor	2,556,590,651	79.28	668,230,514	20.72	3,224,821,165	32.53	14,557,963
Resolution 5: Authority to allot shares up to a specified amount	2,524,815,022	77.95	714,098,070	22.05	3,238,913,092	32.67	466,036
Resolution 6: Special resolution: Authority to allot a limited number of shares for cash free of pre-emption rights	2,523,599,558	77.92	715,313,249	22.08	3,238,912,807	32.67	466,321
Resolution 7: Special resolution: Share buyback	2,522,380,337	77.91	715,012,322	22.09	3,237,392,659	32.66	1,986,469

*     Total voting rights of the shares in issue, excluding the 74,975,071 ordinary shares held in Treasury, was 9,913,223,649. Every shareholder has one vote for every ordinary share held.

**   Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

For further information, contact:

Reabold Resources plc Sachin Oza Stephen Williams	c/o Camarco [phone]
Strand Hanson Limited - Nominated & Financial Adviser James Spinney James Dance Rob Patrick Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Simon Mensley Ashton Clanfield finnCap Ltd - Joint Broker Christopher Raggett Barney Hayward	[phone] [phone] [phone]
Camarco Billy Clegg Rebecca Waterworth	[phone]

Notes to Editors

Reabold Resources plc has a diversified portfolio of exploration, appraisal and development oil & gas projects. Reabold's strategy is to invest in low-risk, near-term projects which it considers to have significant valuation uplift potential, with a clear monetisation plan, where receipt of such proceeds will be returned to shareholders and re-invested into further growth projects. This strategy is illustrated by the recent sale of the undeveloped Victory gas field to Shell, the proceeds of which are being returned to shareholders and re-invested.

 

END