PETREL RESOURCES PLC — AGM Information 2021

Feb 23, 2021

National Storage Mechanism | Additional information

RNS Number : 0526Q

Petrel Resources PLC

23 February 2021

23rd February 2021

Petrel Resources plc

("Petrel" or "the Company")

Result of Extraordinary General Meeting

Petrel Resources plc (AIM: PET), is pleased to announce that the resolutions put to shareholders of the Company at the Extraordinary General Meeting held earlier today were duly passed.

As stated in the Company's announcement of 25 January 2021, it is expected that the migration of the settlement system relating to trading in the Company's shares from CREST in London to Euroclear Bank in Belgium will occur on 15 March 2021. The Company's shares will continue to be traded on the AIM market in London.

Voting on all resolutions at the EGM was conducted by a poll and the results are set out below.

No.	Resolution	Votes for	Votes against	Votes withheld	Total votes cast	% of issued share capital voted
1	Shareholders' consent to the migration	83,594,930 (99.98%)	16,696 (.02%)	37,222	83,611,262	53.2
2	Approval and adoption of new articles of association	83,585,482 (99.98%)	16,696 (.02%)	46,670	83,602,178	53.2
3	To give effect to aspects of the migration	83,594,930 (99.98%)	16,696 (.02%)	37,222	83,611,626	53.2

Notes

1.         Any proxy appointments which gave discretion to the Chairman have been included in the "votes" for total

2.         A "vote" withheld is not a valid vote in Irish law and was not counted in the calculation of the proportion of the votes "For" or "Against"

3.         The percentage of issued share capital voted calculation uses the Company's total voting rights figure of 157,038,467 ordinary shares.

ENDS

For further information please visit http://www.petrelresources.com/ or contact:

Enquiries:

Petrel Resources
John Teeling, Chairman	+353 (0) 1 833 2833
David Horgan, Director
Nominated Adviser and Broker
Beaumont Cornish - Nominated Adviser  Roland Cornish Felicity Geidt	+44 (0) 020 7628 3396
Novum Securities Limited - Broker  Colin Rowbury	+44 (0) 20 399 9400
Blytheweigh - PR Megan Ray Madeleine Gordon-Foxwell	+44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3208
Teneo Luke Hogg Alan Tyrrell Ross Murphy	+353 (0) 1 661 4055 +353 (0) 1 661 4055 +353 (0) 1 661 4055

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