Result of AGM

Igas Energy PLC

14 June 2023

 

14 June 2023

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

RESULT OF AGM

IGas announces the result of voting on the resolutions at its AGM held today, Wednesday 14 June 2023, as set out in the AGM notice.

A poll was held on each of the resolutions and was passed by the required majority.  Resolutions 1 to 7 were passed as ordinary resolutions, Resolutions 8 to 10 were passed as special resolutions.  The results of the poll were as follows:

RESOLUTIONS	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	VOTES WITHHELD
1.To receive the Company's annual report and accounts for the financial year ended 31 December 2022 together with the reports of the directors and auditors	56,160,614	99.85%	83,762	0.15%	56,244,376	44.15%	27,591
2. To approve the annual report on remuneration for the year ended 31 December 2022	47,758,116	84.93%	8,473,958	15.07%	56,232,074	44.14%	39,866
3. To re-elect Mr Philip Jackson as a Director	47,591,594	84.64%	8,639,544	15.36%	56,231,138	44.14%	40,829
4. To re-elect Ms Frances Ward as a Director	56,022,632	99.63%	209,076	0.37%	56,231,708	44.14%	40,259
5. To re-elect Mr Douglas Weir Fleming as a Director	56,128,112	99.82%	103,596	0.18%	56,231,708	44.14%	40,259
6. To re-appoint PricewaterhouseCoopers as auditors and to authorise the directors to fix the remuneration	56,130,593	99.83%	95,335	0.17%	56,225,928	44.13%	46,039
7. To authorise the board to allot shares	51,539,636	91.67%	4,686,183	8.33%	56,225,819	44.13%	46,148
8. To disapply statutory pre-emption rights	51,075,422	90.84%	5,149,937	9.16%	56,225,359	44.13%	46,608
9. To make purchases of own shares	56,133,371	99.80%	109,685	0.20%	56,243,056	44.15%	28,891
10. To change the Company's name	56,133,471	99.82%	99,101	0.18%	56,232,572	44.14%	39,395

As at the date of the AGM, the number of issued ordinary shares of the Company was 127,398,918 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions.  In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held.  Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution.  Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

The poll results will also be posted on the Company's website in due course.

Change of Name

Shareholders have approved the change of Company name to Star Energy Group plc.

The change of name will be effective once Companies House has issued a certificate of incorporation on change of name.  A further announcement will be made at that time to indicate the new tradable instrument display mnemonic/TIDM of the Company and its effective date.

For further information please contact:

IGas Energy plc                                                                                                 Tel: [phone]

Ann-marie Wilkinson, Chief Communications Officer

Investec Bank plc (NOMAD and Joint Corporate Broker)               Tel: [phone]

Virginia Bull/Chris Sim

Canaccord Genuity (Joint Corporate Broker)                                       Tel: [phone]

Henry Fitzgerald-O'Connor/James Asensio

Vigo Consulting                                                                                                Tel: [phone]

Patrick d'Ancona/Finlay Thomson/Kendall Hill

 

END