Result of Annual General Meeting

Pennpetro Energy PLC

30 September 2026

 

30 September 2026

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Result of Annual General Meeting

Pennpetro Energy plc (LSE: PPP), the company focused on developing strategic energy projects, announces the results of the Annual General Meeting ("AGM") of the Company held earlier today.  Voting was by way of a poll. All resolutions were duly passed.

The following table shows the votes cast on each resolution:

	Resolution*	Votes For	%	Votes Against	%	Votes Withheld***
1.	Adoption of accounts for period ended 31 March 2026	64,789,999	94.86%	3,507,377	5.14%	6,449,597
2.	To approve the Directors' Remuneration Report set out in the Company's annual report for the financial year ended 31 March 2026	63,051,389	93.44%	4,424,558	6.56%	7,271,026
3.	To appoint MHA Audit Serves LLP as auditors of the Company	65,499,899	95.80%	2,871,918	4.20%	6,375,156
4.	To authorise the Directors to fix the auditors' remuneration	64,886,455	95.31%	3,194,918	4.69%	6,665,599
5.	To re-elect Grand Chief Ronald Derrickson as a director of the Company	60,091,400	88.06%	8,144,695	11.94%	6,510,878
6.	To re-elect Justin Fraser Jones as a director of the Company	60,090,171	87.88%	8,289,520	12.12%	6,367,282
7.	To re-elect Richard Spinks as a director of the Company	60,067,733	88.02%	8,174,872	11.98%	6,504,368
8.	General authority to allot shares	58,914,356	86.34%	9,318,417	13.66%	6,514,200
9.	WITHDRAWN	N/A	N/A	N/A	N/A	N/A
10.	Disapplication of pre-emption rights in respect to the return of contributed shares**	58,907,152	86.33%	9,324,004	13.67%	6,515,817
11.	Disapplication of pre-emption rights**	59,153,065	86.70%	9,077,831	13.30%	6,516,077
12.	Authority to call a general meeting on 14 days' notice**	59,450,246	87.11%	8,794,993	12.89%	6,501,734

* The full text of the resolutions is given in the Notice of AGM which is available at https://pennpetroenergy.co.uk/notices-%26-reports. As at the record date for eligibility to vote at the Company's General Meeting, the Company had 136,799,089 Ordinary Shares in issue.  Accordingly, the Company's total number of voting rights was 136,799,089.

** Indicates a Special Resolution requiring a 75% majority of the votes cast.

***Votes 'Withheld' are not a vote in law and have not been counted in the calculation of the votes % 'For' and % votes 'Against' the resolutions. Statement made by the chairman of the meeting at the AGM: “The Chairman will vote the proxies held by him in accordance with the instructions given. The Chairman holds one discretionary proxy, over 6,000,000 shares; on advice, those votes are withheld on each resolution.”

The full text of the resolution passed at the Annual General Meeting can be found in the Notice of Annual General Meeting contained in the circular published by the Company on 4 September 2026 (the "Circular"). The Circular is available for viewing on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's webpage at https://pennpetroenergy.co.uk/notices-%26-reports.

For further information, contact:

Pennpetro Energy Plc Richard Spinks | Mavriky Kalugin SPARK Advisory - Financial Advisor Andrew Emmott | James Keeshan	c/o Camarco [phone]
Oak Securities - Broker Jerry Keen, Head of Corporate Broking	[phone]
Camarco - Financial PR Andrew Turner | Fergus Young	[phone] [e-mail]

 

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