TIDMPHAR
RNS Number : 1813B
Pharos Energy PLC
08 June 2021
8 June 2021
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 ("AGM")
held 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 451,299,442 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 442,177,174.
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 2020. 218,333,481 100.00% 5,388 0.00% 218,338,869 177,275
======================= ======= ================== ===== ===================== ===================
2. To approve
the Directors'
Remuneration
Report
included
in the Annual
Report and
Accounts
for the
financial year
ended
31 December
2020. 210,985,269 96.56% 7,526,738 3.44% 218,512,007 4,136
======================= ======= ================== ===== ===================== ===================
3. To reappoint
John E Martin,
who is Chair
of the
Nominations
and ESG
Committees, as
a Director 217,670,704 99.61% 844,530 0.39% 218,515,234 910
======================= ======= ================== ===== ===================== ===================
4. To reappoint
Edward T
Story,
who is a
member of the
Nominations
and ESG
Committees, as
a Director. 218,104,857 99.81% 411,286 0.19% 218,516,143 0
======================= ======= ================== ===== ===================== ===================
5. To reappoint
Janice M
Brown,
who is a
member of the
ESG
Committee, as
a Director. 218,197,605 99.86% 315,629 0.14% 218,513,234 2,910
======================= ======= ================== ===== ===================== ===================
6. To reappoint
Dr Michael
J Watts, who
is a member of
the ESG
Committee, as
a Director. 218,237,761 99.87% 277,473 0.13% 218,515,234 910
======================= ======= ================== ===== ===================== ===================
7. To reappoint
Robert G Gray,
who is a
member of the
Audit
and Risk,
Remuneration,
Nominations
and ESG
Committees, as
a Director. 218,133,506 99.83% 381,728 0.17% 218,515,234 910
======================= ======= ================== ===== ===================== ===================
8. To reappoint
Marianne
Daryabegui,
who is a
member of the
Remuneration,
Audit and
Risk,
Nominations
and ESG
Committees, as
a Director. 218,136,764 99.83% 378,470 0.17% 218,515,234 910
======================= ======= ================== ===== ===================== ===================
9. To reappoint
Lisa Mitchell,
who is Chair
of the Audit
and
Risk Committee
and a member
of the
Nominations
and ESG
Committees, as
a Director. 217,854,258 99.70% 660,976 0.30% 218,515,234 910
======================= ======= ================== ===== ===================== ===================
10. To
reappoint
Geoffrey
Green,
who is Chair
of the
Remuneration
Committee and
a member of
the
Audit and
Risk,
Nominations
and ESG
Committees, as
a Director. 212,338,142 97.17% 6,177,091 2.83% 218,515,233 910
======================= ======= ================== ===== ===================== ===================
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. 218,477,427 99.99% 32,420 0.01% 218,509,847 6,296
======================= ======= ================== ===== ===================== ===================
12. To
authorise the
Audit
and Risk
Committee, for
and
on behalf of
the Directors,
to agree the
Auditors'
remuneration. 218,484,361 99.99% 27,502 0.01% 218,511,863 4,280
======================= ======= ================== ===== ===================== ===================
13. To
authorise the
Directors
to allot
securities
(s.551
of the
Companies Act
2006). 212,333,627 97.18% 6,165,773 2.82% 218,499,400 16,743
======================= ======= ================== ===== ===================== ===================
14. To disapply
pre-emption
rights (s.570
and s.573 of
the Companies
Act 2006) 207,393,666 94.92% 11,102,718 5.08% 218,496,384 19,759
======================= ======= ================== ===== ===================== ===================
15. To disapply
pre-emption
rights (s.570
and s.573 of
the Companies
Act 2006) up
to a further
5% for
acquisitions
or specified
capital
investments. 212,584,650 97.29% 5,911,734 2.71% 218,496,384 19,759
======================= ======= ================== ===== ===================== ===================
16. To
authorise the
Company
to repurchase
its own Shares
(s.701 of the
Companies Act
2006). 218,455,049 99.98% 53,798 0.02% 218,508,847 7,296
======================= ======= ================== ===== ===================== ===================
17. To approve
the extension
of the Pharos
Energy plc
Long-Term
Incentive
Plan. 214,944,739 98.37% 3,571,405 1.63% 218,516,144 0
======================= ======= ================== ===== ===================== ===================
18. 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. 218,196,380 99.86% 312,865 0.14% 218,509,245 6,899
======================= ======= ================== ===== ===================== ===================
For further information, please contact:
Pharos Energy plc Tel: 0207 603 1515
Tony Hunter, Company Secretary
Camarco
Tel: 020 3757 4980
Billy Clegg | Owen Roberts | Monique Perks
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, Vietnam and Israel.
In Egypt, Pharos holds a 100% working interest in the El Fayum
oil Concession in the Western Desert. The Concession produces from
10 fields and is located 80 km southwest of Cairo. It is operated
by Petrosilah, a 50/50 JV between Pharos and the Egyptian General
Petroleum Corporation (EGPC). Pharos is also an operator with a
100% working interest in the North Beni Suef (NBS) Concession,
which is located immediately south of the El Fayum 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 (CVN) 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.
In Israel, Pharos together with Cairn Energy plc and Israel's
Ratio Oil Exploration, have eight licences offshore Israel. Each
party has an equal working interest and Cairn is the operator.
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