Result of AGM and Transaction Update

Summary by AI ^BETAClose X

Beacon Energy plc announced that all resolutions were passed at its Annual General Meeting and confirmed that its Proposed Transaction is progressing well, with an Admission Document expected in January 2026 and completion shortly thereafter. To conserve cash, the CEO and two directors will defer 100% of their fees until completion, and two directors are providing unsecured interest-free loans totaling £50,000 to the company, which has been deemed fair and reasonable by independent directors and the Nominated Adviser.

Disclaimer*

Beacon Energy PLC

24 December 2025

Beacon Energy plc

("Beacon Energy" or the "Company")

Result of AGM and Transaction Update

Beacon Energy plc (AIM:BCE), is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.

In addition, further to the Company's announcement on 7 October 2025, the Company is pleased to confirm that the Proposed Transaction is progressing well with an Admission Document expected to be published in January 2026 and Completion of the Proposed Transaction shortly thereafter.

In order to preserve cash and fund certain costs prior to Completion of the Proposed Transaction, Stewart MacDonald (CEO), Mark Rollins (Chairman) and Leo Koot (Non-executive Director) have each agreed to defer 100% of their fees until Completion of the Proposed Transaction. In addition, Mark Rollins and Leo Koot have each agreed to provide a £25,000 short-term unsecured interest-free loan to the Company (the "Directors' Loan").

Related Party Transaction

Mark Rollins and Leo Koot are directors of the Company, and accordingly the Directors' Loan constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies.

The independent directors of the Company for the purpose of the Directors' Loan, being Stewart MacDonald and Ross Warner, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, consider the terms the Directors' Loan to be fair and reasonable insofar as the Shareholders are concerned.

For further information, please visit https://beaconenergyplc.com/ or the following:

Beacon Energy plc Stewart MacDonald (CEO)	+44 (0)20 7466 5000 (via Burson Buchanan)
Strand Hanson Limited (Financial and Nominated Adviser) Rory Murphy / James Bellman	+44 (0)20 7409 3494
Burson Buchanan (Financial PR) Ben Romney / Barry Archer / George Pope	+44 (0)20 7466 5000
Tennyson Securities Limited (Broker) Peter Krens	+44 (0)20 7186 9030

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