Corcel plc
("Corcel" or the
"Company")
Results
of General Meeting
20
February 2025
Corcel Plc, the pan Angola-Brazil
focused energy company, announces that the resolutions put to
shareholders at its General Meeting ("GM") held earlier today, were
duly passed.
General Meeting Results:
The resolutions put to the GM were
voted on by way of a poll and the results are as
follows:
|
Resolutions
|
For
|
%
|
Against
|
%
|
Withheld
|
|
1
|
753,853,067
|
99.95
|
371,113
|
0.05
|
424,523
|
|
2
|
753,395,859
|
99.88
|
888,897
|
0.12
|
363,947
|
|
3
|
752,150,489
|
99.72
|
2,139,146
|
0.28
|
359,068
|
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.
For
further information please contact:
Scott Gilbert - Corcel Plc, CEO
& Director
Development@Corcelplc.com
James Joyce / James Bavister / Andrew de Andrade -
Zeus, NOMAD & Broker
020 3829 5000
Jonathan Wright / Rupert Holdsworth Hunt - Auctus
Advisors, Joint Broker
07711 627449
Patrick d'Ancona - Vigo
Communications, IR
0207 3900 230
About Corcel:
Corcel has a notable oil and gas
portfolio in onshore Angola that includes brownfield redevelopment
opportunities and significant exploration upside. Corcel marked a
new country entry into Brazil by acquiring rights to producing gas
and exploration assets, further diversifying its portfolio and
enhancing its growth potential.
Corcel's Angola portfolio
consists of interests in three licenses:
·KON - 16 Operated - 55% working
interest - 49.5% net to CRCL
·KON - 11 Non-Operated - 20% working
interest - 18% net to CRCL
·KON - 12 Non-Operated - 25% working
interest - 22.5% net to CRCL
Corcel's Brazil portfolio
consists of the option to acquire:
·20% interest in the IRAI gas
field
·Right-of-first refusal ("ROFR")
over the remaining 80% in the IRAI field
·ROFR for 100% of the adjacent
TUC-T-172 exploration block, located in the state of Bahia, onshore
Brazil
Corcel's Battery Metals portfolio
consists of an 80% working interest in the Mt Weld Rare Earth
Elements project in Western Australia.