Results of AGM

By

Regulatory News | 13 Jun, 2024

Updated : 10:59

RNS Number : 3422S
Jadestone Energy PLC
13 June 2024
 



Results of AGM

 

13 June 2024 - Singapore: Jadestone Energy plc (the "Company"), an independent upstream company focused on the Asia-Pacific region, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 13 June 2024, resolutions 1-15 as set out in the Company's Notice of AGM dated 10 May 2024 were duly passed on a poll with the results as stated below. 

 

 

Resolution

For

%

Against

%

Total

Withheld*

Ordinary resolutions

1

Annual accounts

355,019,676

99.94%

211,937

0.06%

355,231,613

18,321

2

Appointment of auditor

354,118,737

99.69%

1,112,876

0.31%

355,231,613

18,321

3

Auditor's remuneration

355,017,737

99.96%

126,876

0.04%

355,144,613

105,321

4

Elect Adel Chaouch

354,068,082

99.68%

1,134,937

0.32%

355,203,019

46,915

5

Re-elect Alexander Paul Blakeley

353,727,222

99.58%

1,497,226

0.42%

355,224,448

25,486

6

Re-elect Bert-Jaap Dijkstra

353,727,222

99.58%

1,478,905

0.42%

355,206,127

43,807

7

Elect Linda Beal

353,732,974

99.62%

1,355,824

0.38%

355,088,798

161,136

8

Elect Joanne Williams

353,963,861

99.68%

1,124,937

0.32%

355,088,798

161,136

9

Re-elect Cedric Fontenit

335,155,418

94.37%

19,979,534

5.63%

355,134,952

114,982

10

Elect Gunter Waldner

353,886,934

99.65%

1,248,018

0.35%

355,134,952

114,982

11

Re-elect David Neuhauser

354,836,109

99.92%

301,339

0.08%

355,137,448

112,486

12

Re-elect Jenifer Thien

353,612,287

99.58%

1,476,511

0.42%

355,088,798

161,136

13

Authority to allot shares

352,973,549

99.37%

2,223,224

0.63%

355,196,773

53,161

Special resolutions

14

Disapplication of pre-emption rights

354,578,621

99.82%

625,656

0.18%

355,204,277

45,657

15

Disapplication of pre-emption rights

354,578,621

99.82%

643,977

0.18%

355,222,598

27,336

 

* A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.

 

As previously disclosed, Iain McLaren did not seek re-election at the AGM, and has therefore formally stepped down from Jadestone's Board of Directors.

 

-ends-

 

For further information, please contact:

 

Jadestone Energy plc


Paul Blakeley, President and CEO

+65 6324 0359 (Singapore)

Bert-Jaap Dijkstra, CFO

Phil Corbett, Head of Investor Relations

 

+44 (0) 7713 687467 (UK)


ir@jadestone-energy.com

 


Stifel Nicolaus Europe Limited (Nomad, Joint Broker)

+44 (0) 20 7710 7600 (UK)

Callum Stewart


Jason Grossman


Ashton Clanfield


 


Peel Hunt LLP (Joint Broker)

+44 (0) 20 7418 8900 (UK)

Richard Crichton


David McKeown

Georgia Langoulant


 


Camarco (Public Relations Advisor)

+44 (0) 203 757 4980 (UK)

Billy Clegg

jse@camarco.co.uk

Andrew Turner

Elfie Kent


 

About Jadestone Energy

 

Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region.  It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive upstream investment climate.

 

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman Energy's business in Asia-Pacific, the Company is pursuing a strategy to grow and diversify the Company's production base both organically, through developments such as at Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well as through acquisitions that fit within Jadestone's financial framework and play to the Company's strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.

 

Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE).  The Company is headquartered in Singapore.  For further information on the Company please visit www.jadestone-energy.com.

 

This release does not contain inside information.

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