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LONDON - Afentra PLC, an AIM-listed oil and gas company specializing in African opportunities, announced that its Annual General Meeting (AGM) held today resulted in the approval of all but one of the proposed resolutions. The shareholders voted on a series of 15 resolutions, with only the 13th concerning the disapplication of statutory pre-emption rights failing to pass.
The failed resolution, which would have allowed the company to issue new shares without first offering them to existing shareholders, received 48.38% votes for and 51.62% against. Afentra has committed to consulting with shareholders to understand their views on this matter.
Other key resolutions that passed included the adoption of the annual accounts for the year ended December 31, 2024, the approval of directors’ remuneration report and policy, the reappointment of auditors, and the re-election of several board members, including CEO Paul McDade and CFO Anastasia Deulina.
Paul McDade, CEO, and Anastasia Deulina, CFO, expressed their satisfaction with the outcomes and the shareholders’ support for the company’s direction. The AGM results showed near-unanimous approval for the majority of resolutions, with significant backing for the company’s governance and strategy.
Afentra, which focuses on the responsible energy transition in Africa, holds interests in several oil and gas blocks in Angola and Somaliland. The company’s strategic aim is to establish itself as a reliable partner for divesting International Oil Companies (IOCs) and Host Governments.
This announcement is based on a press release statement and contains inside information for the purposes of article 7 of Regulation 2014/596/EU. With the publication of this announcement, the inside information is now considered to be in the public domain.
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