Energean PLC

AGM Information • May 24, 2021

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RNS Number : 6409Z

Energean PLC

24 May 2021

Energean plc

("Energean" or the "Company")

Results of AGM

London, 24 May 2021 - Energean plc (LSE: ENOG, TASE: אנאג), announces that at its Annual General Meeting ("AGM") held today at the registered office of the Company, all resolutions put before the meeting were duly passed.

Details of the voting by way of a poll at the AGM in respect of each resolution are shown in the table below and will shortly be available on the Company's website, www.energean.com.

Res. Number	Resolution	VOTES FOR	% FOR	VOTES AGAINST	% AGAINST	VOTES TOTAL	% of ISSUED SHARE CAPITAL VOTED	VOTES WITHHELD
1.	REPORT AND ACCOUNTS	137,449,240	99.98%	32,048	0.02%	137,481,288	77.61%	460,850
2.*	REMUNERATION REPORT	105,565,663	76.53%	32,376,475	23.47%	137,942,138	77.87%	0
3.*	REMUNERATION POLICY	103,849,415	75.28%	34,092,723	24.72%	137,942,138	77.87%	0
4.	RE-APPOINT K SIMON	137,446,596	99.97%	47,292	0.03%	137,493,888	77.62%	448,250
5.	RE-APPOINT M RIGAS	130,224,310	94.41%	7,717,500	5.59%	137,941,810	77.87%	0,328
6.	RE-APPOINT P BENOS	111,570,753	80.88%	26,371,057	19.12%	137,941,810	77.87%	0,328
7.	RE-APPOINT A BARTLETT	137,937,388	100.00%	0	0.00%	137,941,810	77.87%	0,328
8.	RE-APPOINT R PECK	137,463,987	99.96%	54,474	0.04%	137,518,461	77.63%	423,677
9.	RE-APPOINT E TOPOUZOGLOU	137,660,372	99.80%	281,438	0.20%	137,941,810	77.87%	0,328
10.	RE-APPOINT A LASHINSKY	137,933,810	99.99%	8,000	0.01%	137,941,810	77.87%	0,328
11.	APPOINT K WOOD	137,866,618	99.95%	75,520	0.05%	137,942,138	77.87%	0
12.	APPOINT A PERSIANIS	137,941,810	100.00%	0	0.00%	137,941,810	77.87%	0,328
13.	RE-APPOINT AUDITORS	137,940,858	100.00%	0,328	0.00%	137,941,186	77.87%	0,952
14.	REMUNERATION OF AUDITORS	137,936,226	100.00%	5,584	0.00%	137,941,810	77.87%	0,328
15	ALLOT SECURITIES	115,495,887	83.73%	22,445,923	16.27%	137,941,810	77.87%	0,328
16	DISAPPLY PRE-EMPTION RGTS 1	115,684,687	83.86%	22,257,123	16.14%	137,941,810	77.87%	0,328
17	PRE-EMPTION RGTS 2	115,625,002	83.82%	22,316,807	16.18%	137,941,809	77.87%	0,329
18.	NOTICE OF MEETINGS	112,249,246	81.37%	25,692,892	18.63%	137,942,138	77.87%	0
19.	MARKET PURCHASES	126,634,701	91.81%	11,301,852	8.19%	137,936,553	77.87%	5,585

* The Company notes that resolutions 2 and 3, which sought approval for the Remuneration Report and Remuneration Policy, received less than 80% of the votes in favour. The Company had carried out an extensive consultation with a wide range of shareholders ahead of finalising the said policy and the Board believes that the final policy that has now been approved is in the interests of all stakeholders.

The Company will, however, undertake a detailed review of any further feedback received on these resolutions to ensure it fully understands the reasons behind the voting result and allow it to understand shareholders' concerns. The Board will continue to consider the feedback received from shareholders and stakeholders as the Remuneration Policy is implemented.

The Board takes seriously its responsibilities to represent the interests of shareholders and to uphold the highest standards of corporate governance and is open to constructive dialogue with shareholders and shareholder bodies. Accordingly, it will continue to engage with shareholders over the coming months in respect of the votes received against these resolutions. Further, in line with the provisions of the 2018 UK Corporate Governance Code, the Company will provide an update on the views received from shareholders on these issues and any actions taken in response, no later than six months' from today's date.

Enquiries 

Kate Sloan, Head of IR, ECM & Communications	Tel: +44 (0)7917 608 645

About Energean plc

Established in 2007, Energean is a London Premium Listed FTSE 250 and Tel Aviv 35 Listed E&P company with operations in nine countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean, with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint.

Energean's production comes mainly from the Abu Qir field in Egypt and fields in Southern Europe and the UK. The company's flagship project is the 3.5 Tcf Karish, Karish North and Tanin development, offshore Israel, where it intends to use the newbuild fully-owned FPSO Energean Power, which will be the only FPSO in the Eastern Mediterranean. Energean expects to deliver first gas in mid-2022. Energean Israel Limited has signed contracts for 7.4 Bcm/yr of gas sales into the Israeli domestic market, which have floor pricing, take-or-pay and/or exclusivity provisions that largely insulate the project's revenues against global commodity price fluctuations and underpin Energean's goal of paying a meaningful and sustainable dividend.

With a strong track record of growing reserves and resources, Energean is focused on maximising production from its large-scale gas-focused portfolio to deliver material free cash flow and maximise total shareholder return in a sustainable way. ESG and health and safety are paramount to Energean; it aims to run safe and reliable operations, whilst targeting carbon-neutrality across its operations by 2050.

www.energean.com 

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