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Hurricane Energy PLC (HUR)

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Wednesday 30 June, 2021

Hurricane Energy PLC

Results of AGM

RNS Number : 7419D
Hurricane Energy PLC
30 June 2021
 

30 June 2021

 

Hurricane Energy plc

 

("Hurricane", or the "Company")

 

Results of AGM

 

Hurricane Energy plc, the UK based oil and gas company, announces the results of its Annual General Meeting ("AGM") held earlier today.

 

The AGM was held at the Company's Registered Office: The Wharf, Abbey Mill Business Park, Lower Eashing, Godalming, Surrey GU7 2QN at 3.00 p.m. Out of the Resolutions contained in the Notice of Meeting (as circulated to shareholders on 26 May 2021 and available on the Company's website at https://www.hurricaneenergy.com/investors/general-meetings), resolutions 5 and 6 were withdrawn prior to the AGM, resolutions 1-4 were put to the AGM and voted on by way of a poll.

The total number of votes received on each resolution put to the AGM was as follows:

#

Resolution

Votes
FOR

%

Votes AGAINST

%

Votes TOTAL

% ISC Voted

Votes WITHELD

1

Receive Annual Report and Group Financial Statements

65,768,385

25.59

191,209,478

74.41

256,977,863

12.90%

301,766,520

2

Re-appoint Deloitte LLP as the Company's auditors

55,943,207

21.77

201,052,684

78.23

256,995,891

12.90%

301,768,420

3

Elect Richard Chaffe

336,008,887

61.18

213,210,675

38.82

549,219,562

27.57%

9,544,749

4

Elect Antony Maris

337,166,285

61.49

211,174,777

38.51

548,341,062

27.53%

10,423,249

 

Resolution 1, a resolution to receive the Annual Report and Group Financial Statements, is an advisory resolution. As such the Company will proceed with the filing of the Annual Report and Group Financial Statements in line with its statutory duties.

Resolution 2, a resolution to re-appoint Deloitte LLP as the Company's auditors, the Company notes that this resolution was not passed. The Company is considering its options following this outcome and will update the market in due course.

Resolution 3, a resolution to elect Richard Chaffe as a director of the Company, was passed with a majority of 61.18%. Resolution 4, a resolution to elect Antony Maris as a director of the Company, was passed with a majority of 61.49%.

The Board notes the results of these resolutions and the significant vote against them. We have engaged with shareholders to understand their reasons for voting in this way and understand their concerns, in particular in connection with events connected with the Company's proposed Restructuring Plan. The Board will consider further changes to the Board in order to comply with appropriate corporate governance standards in the near term.

 

Notes:

Computershare Investor Services PLC acted as scrutineer of the poll on all resolutions.

· A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes cast "For" or "Against" the resolution, nor in the calculation of the "% ISC Voted" for any resolution.

· Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM, excluding any "Withheld" votes.

· "% ISC Voted" denotes the votes validly cast for each resolution as a percentage of the issued share capital of 1,991,871,556 shares as at 28 June 2021, being the last date for submission of votes by proxy in advance of the AGM.

 

-ends-

 

Contacts: 

 

Hurricane Energy plc

Antony Maris, Chief Executive Officer

Philip Corbett, Head of Investor Relations

 

+44 (0)1483 862820

Stifel Nicolaus Europe Limited

Nominated Adviser & Joint Corporate Broker

Callum Stewart

 

+44 (0)20 7710 7600

Investec Bank plc

Joint Corporate Broker

Chris Sim / Rahul Sharma

+44 (0)20 7597 5970

 

 

Vigo Consulting

Public Relations

Patrick d'Ancona / Ben Simons

[email protected]

 

+44 (0)20 7390 0230

About Hurricane

 

Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.

 

Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.

 

Visit Hurricane's website at www.hurricaneenergy.com

 

Inside Information

 

This announcement does not contain inside information.

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