ITHACA ENERGY PLC
(the "Company")
LEI 213800BMMUN3AKWBIO91
RESULTS OF ANNUAL GENERAL MEETING 2023
The Annual General Meeting of the Company was held today, 24 May 2023 where all resolutions put to shareholders were duly passed and details of the results of the poll are set out below:
| No. | Resolution | Votes For | % | Votes Against | % | Votes Total | % of Issued Capital | Votes Withheld |
| 1 | Receive the annual report and accounts | 961,026,343 | 100.00% | 0 | 0.00% | 961,026,343 | 95.48% | 0 |
| 2 | Re-appoint Deloitte as auditors | 961,026,343 | 100.00% | 0 | 0.00% | 961,026,343 | 95.48% | 0 |
| 3 | Approve remuneration of the auditors | 960,726,343 | 99.97% | 300,000 | 0.03% | 961,026,343 | 95.48% | 0 |
| 4 | Approve the Directors' Remuneration Policy | 957,531,800 | 99.64% | 3,493,618 | 0.36% | 961,025,418 | 95.48% | 925 |
| 5 | Approve the Annual Remuneration Report | 957,720,069 | 99.66% | 3,305,349 | 0.34% | 961,025,418 | 95.48% | 925 |
| 6 | Re-elect Gilad Myerson | 960,172,502 | 99.91% | 853,316 | 0.09% | 961,025,818 | 95.48% | 525 |
| 7 | Re-elect Alan Bruce | 961,025,818 | 100.00% | 0 | 0.00% | 961,025,818 | 95.48% | 525 |
| 8 | Re-elect Iain Lewis | 960,844,254 | 99.98% | 181,564 | 0.02% | 961,025,818 | 95.48% | 525 |
| 9 | Re-elect John Mogford | 961,025,818 | 100.00% | 0 | 0.00% | 961,025,818 | 95.48% | 525 |
| 10 | Re-elect David Blackwood CBE | 961,025,818 | 100.00% | 0 | 0.00% | 961,025,818 | 95.48% | 525 |
| 11 | Re-elect Lynne Clow | 961,025,818 | 100.00% | 0 | 0.00% | 961,025,818 | 95.48% | 525 |
| 12 | Re-elect Assaf Ginzburg | 961,025,818 | 100.00% | 0 | 0.00% | 961,025,818 | 95.48% | 525 |
| 13 | Re-elect Deborah Gudgeon | 961,025,818 | 100.00% | 0 | 0.00% | 961,025,818 | 95.48% | 525 |
| 14 | Elect Itshak Tshuva | 960,126,606 | 99.91% | 899,212 | 0.09% | 961,025,818 | 95.48% | 525 |
| 15 | Re-elect Idan Wallace | 960,126,606 | 99.91% | 899,212 | 0.09% | 961,025,818 | 95.48% | 525 |
| 16 | Authorise Directors to allot shares | 956,821,257 | 99.56% | 4,205,086 | 0.44% | 961,026,343 | 95.48% | 0 |
| 17 | Authority to disapply pre-emption rights* | 956,663,761 | 99.55% | 4,361,657 | 0.45% | 961,025,418 | 95.48% | 925 |
| 18 | Authorise the Company to make market purchase* | 957,720,994 | 99.66% | 3,305,349 | 0.34% | 961,026,343 | 95.48% | 0 |
| 19 | Authorise Directors to call General Meetings by notice of not less than 14 days * | 957,714,994 | 99.66% | 3,311,349 | 0.34% | 961,026,343 | 95.48% | 0 |
Independent Shareholders:
| No. | Title | Votes for | % | Votes Against | % | Votes Total | % of Issued Capital |
| 9 | Re-elect John Mogford (Independent) | 62,805,887 | 100.00% | 0 | 0.00% | 62,805,887 | 57.97% |
| 10 | Re-elect David Blackwood CBE (Independent) | 62,805,887 | 100.00% | 0 | 0.00% | 62,805,887 | 57.97% |
| 11 | Re-elect Lynne Clow (Independent) | 62,805,887 | 100.00% | 0 | 0.00% | 62,805,887 | 57.97% |
| 12 | Re-elect Assaf Ginzburg (Independent) | 62,805,887 | 100.00% | 0 | 0.00% | 62,805,887 | 57.97% |
The resolutions put to shareholders can be found in the Notice of Annual General Meeting, which is available on Ithaca Energy's website at www.ithacaenergy.com
NOTES:
1. * indicates a Special Resolution requiring 75% of votes cast to be carried.
2. Votes "For" and "Against" are expressed as a percentage of votes cast.
3. Votes "For" include discretionary votes.
4. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
5. In accordance with Listing Rule 9.2.2ER, the voting by the independent shareholders is shown separately for Resolutions 9 - 13
6. The total number of ordinary shares in issue on 24 May 2023 was 1,006,564,976. Ordinary shareholders are entitled to one vote per share held.
7. The full text of each resolution is contained in the Notice of Annual General Meeting which can be found on the Company's website.
In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Q1 2023 Financial Results -Webcast and Conference call
Ithaca Energy will release its Q1 2023 financial results on 31 May 2023 and will host a virtual presentation and Q&A session for investors and analysts at 09:00 (BST) and a further presentation and Q&A session for Bond holders only, which will be held at 13:00 (BST) on the 31 May 2023. Details of both sessions are accessible via our website.
Investor and analysts - Webcast link
https://www.investis-live.com/ithaca-energy/646654b5900ed61400612ad5/meht
Investor and analysts - Conference call
Operator Assisted Dial-In: United Kingdom (Local): +44 20 3936 2999 United Kingdom (Toll-Free): +44 800 358 1035 Global Dial-In Numbers Access Code: 921827
Bond holder - Webcast link
https://www.investis-live.com/ithaca-energy/646656096ea6bc0e00602d06/bgfd
Bond holder - Conference call
Operator Assisted Dial-In: United Kingdom (Local): +44 20 3936 2999 United Kingdom (Toll-Free): +44 800 358 1035 Global Dial-In Numbers Access Code: 707922
Enquiries
| Ithaca Energy | |
| Kathryn Reid - Head of Investor Relations, Corporate Affairs & Communications | |
| | |
| FTI Consulting (PR Advisers to Ithaca Energy) | +44 (0)203 727 1000 |
| Ben Brewerton / Nick Hennis | |
| | |
About Ithaca Energy plc
Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions in recent years. Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the "UKCS"), ranking second by resources.
With stakes in six of the ten largest fields in the UKCS and two of UKCS's largest pre-development fields, and with energy security currently being a key focus of the UK Government, the Group believes it can utilise its significant reserves and operational capabilities to play a key role in delivering security of domestic energy supply from the UKCS.
Ithaca Energy serves today's needs for domestic energy through operating sustainably. The Group achieves this by harnessing Ithaca Energy's deep operational expertise and innovative minds to collectively challenge the norm, continually seeking better ways to meet evolving demands.
Ithaca Energy's commitment to delivering attractive and sustainable returns is supported by a well-defined emissions-reduction strategy with a target of achieving net zero by 2040.
Ithaca Energy plc was admitted to trading on the London Stock Exchange (LON: ITH) on 14 November 2022.
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