THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS SUPPLEMENTED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
5 August 2022
San Leon Energy plc
("San Leon" or the "Company")
Results of Annual General Meeting and Extraordinary General Meeting
and
Transaction update
Results of the general meetings
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to announce that the Annual General Meeting (the "AGM") and Extraordinary General Meeting (the "EGM") of the shareholders of San Leon were held today at 11.00 am and 11.30 am respectively at Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland.
The Company is pleased to confirm that all of the resolutions proposed at the AGM and the EGM were successfully passed by way of poll without amendment.
The poll votes received from shareholders on each resolution are set out below.
| Sequence | Resolution Number | For | For Percent | Against | Against Percent | Withheld | Withheld Percent | Total Votes | Percent Issued Capital |
| AGM | 03/01 | 388,801,964 | 100.00% | 729 | 0.00% | 31,061 | 0.01% | 388,802,693 | 86.42% |
| AGM | 03/02A | 388,799,542 | 100.00% | 687 | 0.00% | 33,525 | 0.01% | 388,800,229 | 86.42% |
| AGM | 03/02B | 388,798,222 | 100.00% | 4,471 | 0.00% | 31,061 | 0.01% | 388,802,693 | 86.42% |
| AGM | 03/02C | 388,801,796 | 100.00% | 897 | 0.00% | 31,061 | 0.01% | 388,802,693 | 86.42% |
| AGM | 03/03 | 388,799,369 | 100.00% | 687 | 0.00% | 33,698 | 0.01% | 388,800,056 | 86.42% |
| AGM | 03/04 | 388,799,138 | 100.00% | 868 | 0.00% | 33,748 | 0.01% | 388,800,006 | 86.42% |
| AGM | 03/05 | 388,791,625 | 99.99% | 39,047 | 0.01% | 3,082 | 0.00% | 388,830,672 | 86.42% |
| AGM | 03/06 | 388,800,607 | 99.99% | 32,542 | 0.01% | 605 | 0.00% | 388,833,149 | 86.42% |
| AGM | 03/07 | 388,798,145 | 99.99% | 32,713 | 0.01% | 2,896 | 0.00% | 388,830,858 | 86.42% |
| EGM | 02/01 | 388,695,634 | 100.00% | 1,310 | 0.00% | 382 | 0.00% | 388,696,944 | 86.39% |
| EGM | 02/02 | 388,664,436 | 100.00% | 1,322 | 0.00% | 31,568 | 0.01% | 388,665,758 | 86.39% |
| EGM | 02/03 | 388,695,461 | 100.00% | 1,310 | 0.00% | 555 | 0.00% | 388,696,771 | 86.39% |
| EGM | 02/04 | 388,695,461 | 100.00% | 1,310 | 0.00% | 555 | 0.00% | 388,696,771 | 86.39% |
| EGM | 02/05 | 388,692,854 | 100.00% | 1,453 | 0.00% | 3,019 | 0.00% | 388,694,307 | 86.39% |
| EGM | 02/06 | 388,661,842 | 99.99% | 32,452 | 0.01% | 3,032 | 0.00% | 388,694,294 | 86.39% |
Notes:
1. Any proxy arrangement which gave discretion to the Chairman has been included in the "for" totals.
2. 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.
3. The number of shares in issue at 6:30 p.m. on 4 August 2022 was 449,913,026. The Company does not hold any shares in treasury.
Transaction update
The EGM was convened to approve, inter alia:
i) a series of agreements with Midwestern Oil & Gas Company Limited ("Midwestern") to consolidate Midwestern's holdings in San Leon, Midwestern Leon Petroleum Limited ("MLPL") and Energy Link Infrastructure (Malta) Limited ("ELI") into a single holding in San Leon (together the "Proposed Midwestern Reorganisation"); and
ii) further conditional investments in ELI (together the "Further ELI Investments").
Further details of the Proposed Midwestern Reorganisation and Further ELI Investments (collectively referred to as the "Proposed Transactions") were set out in the Company's announcement of 8 July 2022 and are contained in the AIM admission document published by the Company on the same day (the "Admission Document"). Unless otherwise defined herein, the capitalised defined terms used in this announcement have the same meaning as those used in the Admission Document.
Enquiries:
| San Leon Energy plc | +353 1291 6292 |
| Oisin Fanning, Chief Executive Julian Tedder, Chief Financial Officer |
|
| Allenby Capital Limited (Nominated adviser and joint broker to the Company) | +44 20 3328 5656 |
| Nick Naylor Alex Brearley Vivek Bhardwaj |
|
| Panmure Gordon & Co (Joint broker to the Company) | +44 20 7886 2500 |
| James Sinclair-Ford |
|
| Tavistock (Financial Public Relations) | +44 20 7920 3150 |
| Nick Elwes Simon Hudson |
|
| Plunkett Public Relations | +353 1 230 3781 |
| Sharon Plunkett |
|
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