SOU.L

Sound Energy Plc
Sound Energy PLC - Result of AGM
28th June 2024, 13:27
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RNS Number : 4157U
Sound Energy PLC
28 June 2024
 

 

28 June 2024

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Results of Annual General Meeting ("AGM")

 

The Directors of Sound Energy, the transition energy company, announces that the resolutions detailed below were put to shareholders at the AGM of the Company held earlier today by way of a poll.

 

The results of the poll were as follow:

 

 

Resolutions

For

%

Against

%

Withheld

1

To receive the audited annual accounts of the Company for the year ended 31 December 2023

590,772,564

99.96

235,317

0.04

844,920

2

To re-appoint Crowe UK LLP as the Auditor of the Company

590,816,162

99.86

819,502

0.14

217,137

3

To authorise the Directors to determine the remuneration of the Auditors

584,003,177

98.73

7,529,606

1.27

320,018

5

To re-appoint David Blewden as a Director of the Company

562,408,009

95.06

29,202,211

4.94

242,581

6

To give directors authority to allot equity securities

561,910,056

95.00

29,595,608

5.00

347,137


Special Resolutions:






7

To give directors authority disapply re-emption rights

296,413,406

50.11

295,142,258

49.89

297,137

8

To give directors authority to make market purchases of own shares

 

583,718,777

98.68

7,806,887

1.32

327,137

 

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

 

Resolution 4, an Ordinary Resolution to re-appoint Simon Ashby-Rudd as a Director of the Company in accordance with Article 131 of the Articles of Association, was withdrawn given Mr Ashby-Rudd's decision to step down from the Board as announced on 14 June 2024.

 

Resolution 7, a Special Resolution granting the directors authority to allot shares on a non-pre-emptive basis, and which required 75 per cent of the votes cast to be in favour in order to pass, has failed.

 

Graham Lyon, Executive Chairman, commented:

 

"It is unfortunate that Resolution 7, to provide customary flexibility in relation any future issues of equity which the Board considered to be in the best interests of shareholders failed to receive the necessary support. Notwithstanding the resultant limitations, the Company will continue to engage with shareholders, including in the event that additional shareholder authority is required."

 

 

 

 

For further information please contact:

 

 

Sound Energy

Graham Lyon, Executive Chairman 

chairman@soundenergyplc.com

 

 

Cavendish Capital Markets - Nominated Adviser

Ben Jeynes

Peter Lynch

 

Tel: 44 (0)20 7220 0500

Zeus - Broker

Simon Johnson

 

 

                                       Tel: 44 (0)20 3829 5000

Gneiss Energy Limited - Financial Adviser

Jon Fitzpatrick

Paul Weidman

Doug Rycroft

 

Tel: (0)20 3983 9263

 

 

 

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