Result of General Meeting

Summary by AI BETAClose X

Pennpetro Energy Plc announced the results of its General Meeting, where Ordinary Resolution 1, granting authority to allot shares, was passed with 27,983,513 votes for and 24,450,872 against, representing 53.37% in favour. However, Special Resolution 2, concerning the disapplication of pre-emption rights, failed to pass, receiving 27,937,738 votes for and 24,511,647 against, falling short of the required 75% majority.

Disclaimer*

Pennpetro Energy PLC
23 December 2025
 

23 December 2025

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Result of General Meeting

Pennpetro Energy plc (LSE: PPP), the company focused on developing strategic traditional and transition energy projects, announces the results of its General Meeting held earlier today. Voting was by way of a poll.

The following table shows the votes cast on each resolution:


Resolution*

Votes For

%

Votes Against

%

Votes Withheld

1.  

Authority to allot shares

27,983,513

53.37%

24,450,872

46.63%

91,841

2.  

Disapplication of pre-emption rights **

27,937,738

53.27%

24,511,647

46.73%

76,841

 

* The full text of the resolutions is given in the Notice of GM which is available at https://pennpetroenergy.co.uk/notices-%26-reports

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

Accordingly, Ordinary Resolution 1 was duly passed. Special Resolution 2 was not passed.

 

For further information, contact:

Pennpetro Energy Plc

Mavriky Kalugin

Richard Spinks

c/o Camarco

+44 (0) 20 3757 4980

Capital Plus Partners Limited - Broker

Jon Critchley

+44 (0) 20 7432 0501

Camarco - Financial PR

Andrew Turner | Fergus Young

 

+44 (0) 20 3757 4980

ppp@camarco.co.uk

 

 

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