6 December 2023
Bowleven plc
('Bowleven' or 'The Company')
RESULT OF Annual General Meeting
Bowleven held its Annual General Meeting (the 'AGM') earlier today. Each resolution put to the AGM is set out in full in the Notice of AGM. Each shareholder present in person or by proxy was entitled to one vote per share held.
Resolutions numbered 1 to 6, all of which were proposed as ordinary resolutions, were passed. Resolutions 7 and 8 relating to the disapplication of statutory pre-emption rights, which were proposed as special resolutions, did not achieve the 75% of votes and therefore were not passed. The Board will seek to consult with certain shareholders as to why they voted against these resolutions. Details of the voting in respect of each resolution are outlined in the table below.
Total number of votes
RESOLUTION |
FOR1 |
% |
AGAINST |
% |
Resolution 1 (Ordinary) Report and Accounts |
6,460,380 |
76.07 |
2,032,394 |
23.93 |
Resolution 2 (Ordinary) Re-appoint GT |
6,437,623 |
75.80 |
2,055,151 |
24.20 |
Resolution 3 (Ordinary) Determine auditor's renumeration |
8,360,172 |
99.60 |
33,573 |
0.40 |
Resolution 4 (Ordinary) Re-elect Eli Chahin |
8,130,835 |
96.89 |
261,047 |
3.11 |
Resolution 5 (Ordinary) Re-elect Jack Arnoff |
8,130,646 |
96.89 |
261,236 |
3.11 |
Resolution 6 (Ordinary) Allot Shares |
8,093,735 |
96.07 |
331,143 |
3.93 |
Resolution 7 (Special) Pre-emption Rights |
6,089,172 |
73.03 |
2,249,093 |
26.97 |
Resolution 8 (Special) Pre-emption Rights 2 |
6,089,172 |
72.51 |
2,309,093 |
27.49 |
1 Includes votes giving discretion to the Chairman
Note: the table above excludes votes withheld
ENQUIRIES
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For further information, please contact: |
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Bowleven plc |
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Eli Chahin, Chief Executive |
00 44 20 3327 0150 |
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Capital Markets Communications Ltd (Camarco) |
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Owen Roberts Hugo Liddy |
00 44 20 3757 4980
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Shore Capital Ltd (NOMAD and Broker) |
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Robert Finlay |
00 44 20 7601 6100 |
Daniel Bush Angus Murphy |
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