TIDMPHAR
RNS Number : 7227A
Pharos Energy PLC
25 May 2023
25 May 2023
Pharos Energy plc
("Pharos" or the "Company" or, together with its subsidiaries,
the "Group")
RESULTS OF ANNUAL GENERAL MEETING
The Company announces that at its Annual General Meeting held at
Storey Club, 100 Liverpool Street, London, EC2M 2AT today, all
resolutions put before the meeting were duly passed.
In accordance with LR 9.6.2, copies of resolutions concerning
items other than ordinary business are being submitted to the
National Storage Mechanism and will shortly be available for
inspection at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
On the date of the meeting, Pharos' issued share capital
consisted of 440,188,180 ordinary shares of GBP0.05 each with
voting rights; 9,122,268 shares were in Treasury and therefore, the
total number of voting rights was 431,065,912.
Voting was conducted on a poll, the results of which are shown
in the table below and will shortly be available on the Company's
website, www.pharos.energy .
Resolution Votes in Total
Favour % Votes % Votes Votes
(Including Against (excluding Withheld
Discretionary) votes
withheld)
1. To receive
the Annual
Report
and Accounts
for the
financial
year ended 31
December 2022. 201,744,668 99.99% 17,659 0.01% 201,762,327 35,032,731
======================= ====== ================== ====== ===================== ===================
2. To declare a
final dividend
of 1 pence per
share. 202,049,031 85.33% 34,746,027 14.67% 236,795,058 0
======================= ====== ================== ====== ===================== ===================
3. To approve
the Directors'
Remuneration
Policy included
in the Annual
Report and
Accounts
for the
financial year
ended
31 December
2022. 200,307,051 84.59% 36,478,777 15.41% 236,785,828 9,230
======================= ====== ================== ====== ===================== ===================
4. To approve
the Directors'
Remuneration
Report
included
in the Annual
Report and
Accounts
for the
financial year
ended
31 December
2022. 200,237,478 84.58% 36,498,967 15.42% 236,736,445 58,613
======================= ====== ================== ====== ===================== ===================
5. To reappoint
John Martin,
who is Chair
of the
Nominations
and ESG
Committees, as
a Director 231,004,568 97.56% 5,789,415 2.44% 236,793,983 1,075
======================= ====== ================== ====== ===================== ===================
6. To reappoint
Jann Brown,
who is a
member of the
ESG
and
Nominations
Committees,
as a Director. 199,786,575 84.37% 37,001,108 15.63% 236,787,683 7,375
======================= ====== ================== ====== ===================== ===================
7. To reappoint
Marianne
Daryabegui,
who is a member
of the who
is a member of
the Audit and
Risk, ESG,
Nominations and
Remuneration
Committees, as
a Director. 201,713,840 85.19% 35,073,843 14.81% 236,787,683 7,375
======================= ====== ================== ====== ===================== ===================
8. To reappoint
Geoffrey
Green,
who is Chair
of the
Remuneration
Committee and
a member of
the
Audit and
Risk, ESG and
Nominations
Committees, as
a Director. 198,097,821 84.24% 37,064,272 15.76% 235,162,093 1,632,965
======================= ====== ================== ====== ===================== ===================
9. To reappoint
Lisa Mitchell,
who is Chair
of the Audit
and
Risk Committee
and a member
of the ESG,
Nominations
and
Remuneration
Committees, as
a Director. 199,799,581 84.38% 36,988,902 15.62% 236,788,483 6,575
======================= ====== ================== ====== ===================== ===================
10. To
reappoint Sue
Rivett,
who is a
member of the
ESG
Committee, as
a Director. 199,799,581 84.38% 36,988,902 15.62% 236,788,483 6,575
======================= ====== ================== ====== ===================== ===================
11. To
reappoint
Deloitte LLP
as Auditors to
hold office
until the
conclusion of
the
next Annual
General
Meeting
at which
accounts are
laid
before the
Company. 234,331,058 98.96% 2,461,109 1.04% 236,792,167 2,891
======================= ====== ================== ====== ===================== ===================
12. To
authorise the
Audit
and Risk
Committee, for
and
on behalf of
the Directors,
to agree the
Auditors'
remuneration. 202,009,136 99.97% 52,326 0.03% 202,061,462 34,733,596
======================= ====== ================== ====== ===================== ===================
13. To
authorise the
Directors
to allot
securities
(s.551
of the
Companies Act
2006). 201,418,918 85.07% 35,340,141 14.93% 236,759,059 35,999
======================= ====== ================== ====== ===================== ===================
14. To disapply
pre-emption
rights (s.570
and s.573 of
the Companies
Act 2006) 197,304,289 97.65% 4,757,321 2.35% 202,061,610 34,733,448
======================= ====== ================== ====== ===================== ===================
15. To disapply
pre-emption
rights (s.570
and s.573 of
the Companies
Act 2006) for
acquisitions
or specified
capital
investments. 197,306,294 97.65% 4,754,669 2.35% 202,060,963 34,734,095
======================= ====== ================== ====== ===================== ===================
16. To
authorise the
Company
to repurchase
its own Shares
(s.701 of the
Companies Act
2006). 236,776,060 99.99% 16,335 0.01% 236,792,395 2,663
======================= ====== ================== ====== ===================== ===================
17. To
authorise the
Directors
to call
general
meetings of
the Company
(other than an
annual general
meeting) on
not less than
14 clear days'
notice. 236,552,421 99.90% 242,637 0.10% 236,795,058 0
======================= ====== ================== ====== ===================== ===================
For further information, please contact:
Pharos Energy plc Tel: 0207 603 1515
Tony Hunter, Company Secretary
Camarco Tel: 020 3757 4980
Billy Clegg | Georgia Edmonds | Rebecca Waterworth | Kirsty
Duff
Notes to editors
Pharos Energy plc is an independent oil and gas exploration and
production company with a focus on sustainable growth and returns
to stakeholders, which is listed on the London Stock Exchange.
Pharos has production, development and/or exploration interests in
Egypt and Vietnam. In Egypt, Pharos holds a 45% working interest
share in the El Fayum Concession in the Western Desert, with IPR
Lake Qarun, part of the international integrated energy business
IPR Energy Group, holding the remaining 55% working interest. The
El Fayum Concession produces oil from 10 fields and is located 80
km southwest of Cairo. It is operated by Petrosilah, a 50/50 joint
stock company between the contractor parties (being IPR Lake Qarun
and Pharos) and the Egyptian General Petroleum Corporation (EGPC).
Pharos also holds a 45% working interest share in the North Beni
Suef (NBS) Concession in Egypt, which is located immediately south
of the El Fayum Concession. IPR Lake Qarun operates and holds the
remaining 55% working interest in the NBS Concession. In Vietnam,
Pharos has a 30.5% working interest in Block 16-1 which contains
97% of the Te Giac Trang (TGT) field and is operated by the Hoang
Long Joint Operating Company. Pharos' unitised interest in the TGT
field is 29.7%. Pharos also has a 25% working interest in the Ca
Ngu Vang (CNV) field located in Block 9-2, which is operated by the
Hoan Vu Joint Operating Company. Blocks 16-1 and 9-2 are located in
the shallow water Cuu Long Basin, offshore southern Vietnam. Pharos
also holds a 70% interest in, and is designated operator of, Blocks
125 & 126, located in the
moderate to deep water Phu Khanh Basin, north east of the Cuu
Long Basin, offshore central Vietnam.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGAAMFTMTBTBRJ
(END) Dow Jones Newswires
May 25, 2023 12:19 ET (16:19 GMT)
Pharos Energy (LSE:PHAR)
Historical Stock Chart
From Apr 2024 to May 2024
Pharos Energy (LSE:PHAR)
Historical Stock Chart
From May 2023 to May 2024