Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
LONDON - Serica Energy plc (AIM:LON:SQZ), an oil and gas exploration and production company, announced today that all resolutions proposed at its Annual General Meeting (AGM) were passed by shareholders. The voting results, conducted by poll, displayed strong support across the board, with the majority of resolutions receiving over 98% approval.
The company reported that the resolutions ranged from routine corporate governance matters to the re-election of board members. Notably, the resolution with the highest percentage of votes against was the fourth, which still passed with 94.49% approval. The least contested resolution, regarding the reappointment of auditors, passed with a near-unanimous vote of 99.96%.
One significant board change was also confirmed at the AGM. Jérôme Schmitt, a member of the Serica Energy Board, did not seek re-election and subsequently retired at the conclusion of the meeting.
The detailed voting results revealed a consistent pattern of overwhelming support for the recommended actions, with the percentage of votes "For" ranging from 94.49% to 99.97%. Votes withheld, which are not counted in the calculation of the percentage of shares voted "For" or "Against," varied for each resolution but did not significantly impact the outcomes.
The 18th resolution, which had a notably higher number of votes withheld at over 21 million, still passed with a 99.85% approval rate of votes cast.
The AGM outcomes reflect shareholder confidence in the company’s management and strategic direction. The results of the AGM, based on a press release statement, underscore the alignment between Serica Energy’s leadership and its investors on the company’s governance and oversight.
This announcement follows Serica’s recent operational updates and is part of the company’s regular communication with its shareholders and the public. The full voting results are accessible for shareholders to review, ensuring transparency in the company’s decision-making process.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.