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LONDON - EnQuest PLC, the oil and gas production and development company, announced that its Annual General Meeting (AGM) held today resulted in the approval of all resolutions by its shareholders. The voting, conducted by poll, confirmed shareholder support for the company’s management and strategic direction.
The resolutions, which were detailed in the company’s Notice of Annual General Meeting, included the acceptance of the Annual Report & Accounts for 2024, the declaration of a dividend, and the election and re-election of several board members. Notably, the resolution to re-elect CEO Amjad Bseisu received 98.94% approval, and the proposal to declare a dividend saw near-unanimous support with 99.99% in favor.
Other key resolutions involved the re-appointment of the company’s auditor, with 99.97% approval, and the authority to set auditor remuneration, which received 99.95% support. The Directors’ Remuneration Report was approved with a majority of 96.80%.
Additionally, special resolutions, such as the authority to purchase own shares and the authority to call a general meeting with not less than 14 days’ notice, were passed with overwhelming majorities of 99.97% and 98.20%, respectively.
The AGM results reflect a strong endorsement of the company’s current board, with all members who stood for election or re-election receiving significant shareholder backing. The election of Jonathan Copus and Michael Borrell as board members was particularly notable, with both receiving over 99.97% support.
The company holds 25,000,000 Ordinary shares in Treasury out of a total of 1,885,029,503 ordinary shares in issue. The full text of each resolution and further details about the voting outcomes can be found on the company’s website.
The positive outcome of the AGM suggests shareholder confidence in EnQuest’s governance and strategic plans moving forward. The approved resolutions are expected to be submitted to the National Storage Mechanism and will soon be available for public inspection.
This report is based on a press release statement issued by EnQuest PLC.
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