Result of General Meeting

Sunda Energy PLC

08 October 2026

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Sunda Energy plc

("Sunda" or "Sunda Energy" or the "Company")

Result of General Meeting

Total Voting Rights

Sunda Energy Plc (AIM: SNDA), the AIM-quoted oil and gas company focused on hydrocarbon assets in the Asia-Pacific region, announces that, at the Company’s General Meeting (“GM”), held today at 11.00 a.m., all the Resolutions were duly passed.

Accordingly, following the passing of the Resolutions at the General Meeting, the Conditional Placing, the Conditional Subscription and the Retail Offer can now proceed to completion. It is expected that the 258,345,719 Conditional Placing Shares, 11,465,990 Conditional Subscription Shares and 35,000,000 Retail Offer Shares will be admitted to trading on AIM ("Admission") and dealings will commence at 8.00 a.m. on 12 October 2026.

Sunda Energy plc Chief Executive Officer, Dr Andy Butler, said:

“The passing of the Resolutions today is an important milestone for Sunda that concludes the recent oversubscribed Fundraising. I thank existing shareholders for their continued support and welcome new institutional and private investors in the Company. We now look forward to completion of the New Zealand acquisition and the resulting transformation of Sunda into a full cycle E&P company with both revenues and significant growth prospects. With a comprehensive transition plan in place, completion of the acquisition can quickly follow receipt of government consents for the change of control of the assets, which the Company currently anticipates being received during October 2026. The Fundraising also means that, following certain contractual formalities, Sunda can proceed with the intended cancellation of all undrawn convertible loan notes.”

Result of General Meeting

The Resolutions put to the GM were voted on by way of a poll and the results are as follows:

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 1 (Ordinary) To authorise the Directors to allot shares and grant rights to subscribe for, or to convert any security into, shares in the Company	121,539,701	98.79%	1,488,114	1.21%	11,808,387
Resolution 2 (Special) To disapply pre-emption rights	121,413,307	98.72%	1,568,465	1.28%	11,854,430

*A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of votes for or against a Resolution.

The full text of each resolution is available in the Notice of General Meeting, which is available on the Company’s website at https://sundaenergy.com.

Change to significant shareholding in the Company

Following Admission, Dr Andy Butler (Chief Executive Officer) will continue to hold 36,516,098 Ordinary Shares representing 4.34 per cent. of the enlarged issued share capital of the Company.

Admission & Total Voting Rights

Application has been made to the London Stock Exchange for 304,811,709 new Ordinary Shares (comprising the 258,345,719 Conditional Placing Shares, the 11,465,990 Conditional Subscription Shares and the 35,000,000 Retail Offer Shares) to be admitted to trading on AIM. Admission is expected to take place and dealings in the Conditional Placing Shares, Conditional Subscription Shares and the Retail Offer Shares are expected to commence at 8.00 a.m. on 12 October 2026.

The Conditional Placing Shares, Conditional Subscription Shares and Retail Offer Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the Ordinary Shares of the Company, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of Admission.

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 841,535,105 with each Ordinary Share carrying the right to one vote.  There are no Ordinary Shares held in treasury and therefore the total number of voting rights in the Company will be 841,535,105. The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.

Unless otherwise defined herein, defined terms used in this announcement have the same meaning as those set out in the Company's announcement released at 07:00 a.m. on 22 September 2026.

For further information, please contact:

Sunda Energy Plc Andy Butler, Chief Executive Rob Collins, Chief Financial Officer	Tel: [phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)	Tel: [phone]
Hannam & Partners Advisory Limited (Advisor and Joint Broker) Neil Passmore (Corporate Finance) Leif Powis (Sales)	Tel: [phone]
Celicourt Communications (Financial PR and IR) Mark Antelme, Philip Dennis, Charles Denley-Myerson	Tel: [phone] [e-mail]

 

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