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    PMO   GB00BMBVGQ36

HARBOUR ENERGY PLC

(PMO)
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Harbour Energy : Result of the AGM

06/23/2021 | 11:43am EDT

HARBOUR ENERGY PLC
(the 'Company')
Result of Annual General Meeting

The Annual General Meeting ('AGM') of the Company was held today, 23 June 2021, at 23 Lower Belgrave Street, London, SW1W 0NR at 3.00pm. Each of the resolutions contained in the Notice of Meeting were put to the AGM, voted on by way of a poll and duly approved.

The total number of votes received on each resolution put to the AGM was as follows:

No.

Resolution

Votes FOR (a)

%

Votes AGAINST

%

Votes WITHHELD (b)

1

Approve the Premier Oil plc Annual Report and Accounts

15,076,809,404

99.94

8,493,123

0.06

2,428,359

2

Approve the Premier Oil plc Annual Report on Remuneration

14,913,939,666

98.85

173,270,899

1.15

520,322

3

Approve the Directors' Remuneration Policy

14,593,098,273

97.19

421,903,633

2.81

72,728,980

4

Approve amendments to the Harbour Energy 2017 Long Term Incentive Plan

14,594,042,828

97.20

421,075,951

2.80

72,612,108

5

Elect R. Blair Thomas

15,066,505,481

99.86

20,755,909

0.14

469,497

6

Elect Linda Z. Cook

15,081,643,888

99.96

5,484,014

0.04

602,985

7

Elect Phil Kirk

15,081,678,271

99.96

5,583,122

0.04

469,497

8

Elect Alexander Krane

15,081,419,032

99.96

5,840,358

0.04

471,497

9

Elect Simon Henry

15,085,798,870

99.99

1,460,520

0.01

471,497

10

Re-elect Anne Marie Cannon

15,085,434,394

99.99

1,831,897

0.01

464,596

11

Elect G. Steven Farris

15,078,030,049

99.94

9,229,434

0.06

471,404

12

Elect Alan Ferguson

15,073,477,690

99.91

13,650,305

0.09

602,892

13

Elect Andy Hopwood

15,084,550,699

99.98

2,708,784

0.02

471,404

14

Elect Margareth Øvrum

15,082,530,288

99.97

4,727,195

0.03

473,404

15

Elect Anne Stevens

15,084,686,520

99.98

2,572,963

0.02

471,404

16

Re-appoint Ernst & Young LLP as Auditor

15,068,964,630

99.89

16,043,852

0.11

2,722,405

17

Authorise the Audit & Risk Committee to approve Auditor remuneration

15,037,378,054

99.68

47,631,193

0.32

2,721,640

18

Authorise the Company to make political donations

15,034,024,327

99.92

12,383,934

0.08

41,322,626

19

Approve the consolidation of the Company's ordinary shares on a 1 for 20 basis

15,084,058,852

99.98

3,235,815

0.02

436,220

20

Authorise Directors to allot shares

15,021,960,238

99.57

65,180,024

0.43

590,625

21

Authority to disapply pre-emption rights (up to 5% of issued share capital) (c)

15,043,150,244

99.71

44,022,677

0.29

557,966

22

Authority to disapply pre-emption rights in connection with specific acquisition/ investment (further 5% of issued share capital) (c)

15,035,858,961

99.66

51,316,410

0.34

555,516

23

To approve the adoption of new Articles of Association (c)

15,082,350,827

99.97

4,903,065

0.03

476,995

24

Authority to call General Meetings by notice of not less than 14 days (c)

15,066,192,075

99.86

21,075,074

0.14

463,738



NOTES:

(a) The 'For' proxy vote includes those giving the Chair discretion.
(b) A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proxy votes 'For' or 'Against' the resolution.
(c) Special resolution.

The total number of shares in issue on 21 June 2021, the deadline for casting votes by proxy in advance of the AGM, was 18,510,652,139 shares. 81.51% of voting capital, including votes withheld, was instructed in respect of the resolutions put to the AGM.

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.harbourenergy.com

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by the Company's shareholders, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism

Share Consolidation

Following the approval of Resolution 19 and, as explained in the Notice of AGM, the Company's existing ordinary shares of 0.0001 pence each (the 'Existing Ordinary Shares') will now be consolidated into new ordinary shares of 0.002 pence each (the 'New Ordinary Shares') such that shareholders on the Company's register of members at 6:00pm on 24 June 2021 will hold 1 New Ordinary Share of 0.002 pence each for every 20 Existing Ordinary Shares of 0.0001 pence each.

Requests have been made to the Financial Conduct Authority for the New Ordinary Shares to be admitted to the premium segment of the Official List and to the London Stock Exchange and for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's Main Market for listed securities.

It is expected that the New Ordinary Shares arising from the share consolidation will be admitted to listing and trading from 8:00am on 25 June 2021 with ISIN number GB00BMBVGQ36.

Immediately following admission, the Company will have 925,532,606 ordinary shares of 0.002 pence each in issue; therefore, the total voting rights in the Company will be 925,532,606. This figure may be used by shareholders as the denominator for calculations by which they may determine whether or not they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Existing equity warrants

The Company confirms that the aforementioned share consolidation will result in an adjustment to the exercise price under the terms of the existing equity warrants issued by the Company in 2017. The exercise price will be adjusted from £0.4017 to £8.0340 with effect from 25 June 2021. In addition, each outstanding equity warrant will be exercisable over one-twentieth of a New Ordinary Share from the 25 June 2021.

Enquiries
Rachel Rickard, Company Secretary Tel: +44 (0)20 7824 1067
Elizabeth Brooks, Head of Investor Relations Tel: +44 (0)20 7824 1116

Disclaimer

Harbour Energy plc published this content on 23 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2021 15:42:02 UTC.


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Anne Marie Cannon Independent Non-Executive Director
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