Results of General Meeting

Synergia Energy Ltd

29 December 2025

 

For a printer friendly copy of this announcement, please click on the link below to open a PDF version.

http://www.rns-pdf.londonstockexchange.com/rns/0003N_1-2025-12-29.pdf

RNS Announcement

29 December 2025

AIM: SYN

Results of General Meeting

Synergia Energy Ltd (the "Company") is pleased to announce the voting results from the Company's General Meeting of Shareholders, held on Monday, 29 December 2025.

The Company advises that all motions put to the meeting were voted on by poll, with resolution one carried, resolution two was not passed. Details of the proxy voting and voting outcomes for all motions put to the meeting are set out in the attached report which can be accessed through the pdf link above.

Accordingly, and as previously advised, the Company will execute the Sale and Purchase Agreement and submit a Deed of Assignment to the Government of India to transfer the Company's 50% working interest in the Cambay PSC to Selan.

The Transaction remains subject to approval from the Government of India and subject to Selan establishing a bank guarantee for the deferred payment in a format suitable for the Company.

Following the Disposal, The Company will re-focus its activities and will:

·      strive to progress the UK Medway Hub Camelot CCS project and install a new joint venture partner to replace Harbour Energy on the CS019 Camelot CCS licence;

·        seek to manage the return of capital to shareholders via a share buy-back scheme;

·        the India Project Office will manage the exit from the Cambay PSC and recovery of proceeds and withholding taxes;

·        progress the Cambay Basin CCS Scheme with regulatory authorities and the Government of India; and

·      seek to identify additional oil and gas development opportunities, primarily in India leveraging off the experience and expertise of the Company's management team.

In accordance with the result of the shareholder vote, the Company will no longer proceed with the planned delisting of the Company's shares on AIM at the present time and will focus on developing the Company's business and returning value to shareholders while remaining an AIM traded company.

Further announcements will be made as appropriate.

For and on behalf of Synergia Energy Ltd

Allison Pacinotti

Company Secretary

For further information, please contact:

Investor Enquires Synergia Energy Ltd Briana Stayt Investor Relations Email:  [e-mail] Tel: [phone] Australia

Nominated Advisor and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Devik Mehta Tel: [phone] UK

Joint Broker Novum Securities Colin Rowbury Email:  [e-mail] Tel: [phone] UK

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

END