PROSPEX ENERGY PLC

AGM Information • Jun 12, 2024

National Storage Mechanism | Additional information

RNS Number : 1839S

Prospex Energy PLC

12 June 2024

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

12 June 2024

Prospex Energy PLC

('Prospex' or the 'Company')

Result of Annual General Meeting

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to announce that all resolutions proposed to shareholders at the Company's AGM held earlier today were duly passed.

The total number of votes received on each resolution is as follows:

Resolutions	Votes for	%	Votes against	%	Votes total	Votes withheld*
Ordinary Resolution 1	77,737,298	98.84%	909,864	1.16%	78,653,162	20,000
Ordinary Resolution 2	77,736,898	98.82%	930,264	1.18%	78,673,162	0
Ordinary Resolution 3	77,736,898	98.82%	930,264	1.18%	78,673,162	0
Ordinary Resolution 4	45,872,481	58.98%	31,903,169	41.02%	77,781,650	891,512
Special Resolution 5	77,621,871	98.75%	985,087	1.25%	78,612,958	60,204

The Company has an active and ongoing dialogue with its shareholders and is mindful of the number of votes cast against resolution number 4 and will therefore continue to engage with shareholders on the forward plans for the company.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

Mark Routh	Prospex Energy PLC	Tel: +44 (0) 20 7236 1177
Ritchie Balmer Rory Murphy	Strand Hanson Limited	Tel: +44 (0) 20 7409 3494
Andrew Monk (Corporate Broking) Andrew Raca / Alex Cabral (Corporate Finance)	VSA Capital Limited	Tel: +44 (0) 20 3005 5000
Ana Ribeiro / Susie Geliher	St Brides Partners Limited	Tel: +44 (0) 20 7236 1177

Notes

Prospex Energy PLC is an AIM quoted investment company focused on high impact onshore and shallow offshore European opportunities with short timelines to production.  The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects.  The Company will rapidly scale up gas production in the short term to generate internal revenues that can then be deployed to develop the asset base and increase production further.

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