AGM Information • Jul 20, 2020
AGM Information
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London, 20 July 2020 - Energean plc (LSE: ENOG, TASE: אנאג(, the gas producer focused on the Mediterranean, today announces that at its General Meeting ("GM") held today at the registered office of the Company, the sole resolution put before the meeting was duly passed.
Details of the voting, which was by way of a poll at the GM, are shown in the table below and will shortly be available on the Company's website, www.energean.com.
| RESOLUTION | VOTES FOR | VOTES AGAINST |
VOTES TOTAL |
% of ISSUED SHARE CAPITAL |
VOTES WITHHELD |
||
|---|---|---|---|---|---|---|---|
| No. | % | No. | % | VOTED | |||
| APPROVAL OF ACQUISITION OF EDISON E&P SpA |
149,494,099 | 100.00 | 1,028 | 0.00 | 149,495,127 | 84.42% | 0 |
Kate Sloan, Head of IR & ECM Tel: +447917 608645
Energean is a London Premium Listed FTSE 250 and Tel Aviv 35 Listed E&P company with operations offshore Israel, Greece and the Adriatic. In August 2017 the Company received Israeli Governmental approval for the FDP for its flagship Karish-Tanin gas development project, where it intends to use the only FPSO in the Eastern Mediterranean to produce first gas in 2021. Energean has already signed firm contracts for 5.6 Bcm/yr of gas sales into the Israeli domestic market. Future gas sales agreements will focus on both the growing Israeli domestic market and key export markets.
Energean has nine exploration licences offshore Israel, and a 25-year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences in Western Greece and Montenegro.
On 4 July 2019, Energean announced the conditional acquisition of Edison E&P for \$750 million plus \$100 million of contingent consideration. On 23 December 2019, Energean announced the exclusion of the Algerian assets from the transaction. On 29 June 2020, Energean announced the exclusion of the
Sotiris Chiotakis (PR) Tel: +30 210 8174 242
Norwegian subsidiary from the transaction. The acquisition of Edison E&P, exclusive of the Algerian assets and Norwegian subsidiary, which was the subject of the above resolution, is expected to be completed later in 2020.
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