JKX Oil & Gas PLC Result of AGM (5200Q)
19 June 2020 - 8:16PM
UK Regulatory
TIDMJKX
RNS Number : 5200Q
JKX Oil & Gas PLC
19 June 2020
LEI: 213800AS2I1XUAGQ6F27
19 June 2020
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
Result of AGM
JKX announces that at its AGM this morning Ordinary Resolutions
1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 and Special Resolution 11 were
passed. A table showing the voting is below.
Commenting on the AGM, Charles Valceschini, Chairman of JKX's
Board, said, "The last twelve months have seen a unique combination
of events. Yet despite facing a global pandemic, with all that this
entailed, the collapse in hydrocarbon prices, and significant
changes in the composition of the JKX Board, there have been many
reassuring things to report.
"Your company is now debt free, for the first time in many
years, with reserves of $14.7m of cash, cash equivalents and
product inventory at 31 May 2020. Production for 1Q2020 was up 11%
year on year after already rising by 20% over the full year 2019. A
number of long-outstanding claims brought by the Ukrainian tax
authorities have been settled in our favour and the Board has
adjusted its previous work programme and budget with a view to
increasing your Company's resilience in a challenging commercial
environment.
"We are all too aware of the external challenges we face, but we
believe that our fundamentals are sound and in a better position
than they have been for years. We are confident that this will be
recognised by the market."
VOTES % VOTES % VOTES % of ISC VOTES
FOR AGAINST TOTAL VOTED WITHHELD
1 51,759,248 99.96% 22,457 0.04% 51,781,705 30.15 4,194
----------- ------- --------- ------ ----------- --------- ----------
2 51,716,227 99.88% 61,017 0.12% 51,777,244 30.15 8,655
----------- ------- --------- ------ ----------- --------- ----------
3 51,726,717 99.90% 50,527 0.10% 51,777,244 30.15 8,655
----------- ------- --------- ------ ----------- --------- ----------
4 51,712,508 99.92% 40,045 0.08% 51,752,553 30.14 33,346
----------- ------- --------- ------ ----------- --------- ----------
5 51,719,958 99.93% 34,818 0.07% 51,754,776 30.14 31,123
----------- ------- --------- ------ ----------- --------- ----------
6 51,705,211 99.93% 38,595 0.07% 51,743,806 30.13 42,093
----------- ------- --------- ------ ----------- --------- ----------
7 51,712,524 99.92% 39,029 0.08% 51,751,553 30.14 34,346
----------- ------- --------- ------ ----------- --------- ----------
8 51,736,927 99.94% 29,979 0.06% 51,766,906 30.15 18,993
----------- ------- --------- ------ ----------- --------- ----------
9 51,776,286 99.99% 7,594 0.01% 51,783,880 30.16 2,019
----------- ------- --------- ------ ----------- --------- ----------
10 51,762,474 99.96% 19,983 0.04% 51,782,457 30.15 3,442
----------- ------- --------- ------ ----------- --------- ----------
11 51,732,845 99.94% 32,787 0.06% 51,765,632 30.14 20,267
----------- ------- --------- ------ ----------- --------- ----------
ENDS
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
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END
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