PROSPEX ENERGY PLC

Regulatory Filings • Aug 13, 2021

National Storage Mechanism | Additional information

RNS Number : 5230I

Prospex Energy PLC

13 August 2021

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

13 August 2021

Prospex Energy PLC ('Prospex' or the 'Company')

Requisition to Convene a General Meeting

The Board of Prospex (the "Board") announces that it has received a letter from a group of shareholders in the Company, requisitioning a general meeting ("GM") of the Company's shareholders (the "Requisition"). The Requisition proposes that shareholders be asked to consider resolutions related to changes to the Board, including the removal of existing and proposed Directors and the appointment of new Directors, and share authorities.

Having taken legal advice, the Board has ascertained that the documentation as received is not a valid request under section 303 of the Companies Act 2006 because such a request must be made by a member of the Company recorded on the Company's register of members and accordingly the Board is not obliged to call the GM.

The Board has engaged with the group of shareholders as to the actions they need to take to validly call a GM and has invited the group of shareholders to procure that a valid request under section 303 is submitted. Further announcements will be made if and when appropriate.

* * ENDS * *

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

Mark Routh	Prospex Energy PLC	Tel: +44 (0) 20 3948 1619
Rory Murphy Ritchie Balmer	Strand Hanson Limited	Tel: +44 (0) 20 7409 3494
Colin Rowbury Jon Belliss	Novum Securities Limited	Tel: +44 (0) 20 7399 9427
Duncan Vasey	Peterhouse Capital Limited	Tel: +44 (0) 20 7220 9797
Frank Buhagiar	St Brides Partners Ltd	Tel: +44 (0) 20 7236 1177

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCGPUQPRUPGPUP