Otto Energy : Results of Meeting

ASX ANNOUNCEMENT

19 November 2020

2020 ANNUAL GENERAL MEETING RESULTS

Pursuant to ASX Listing Rule 3.13.2, Otto Energy Limited (ASX:OEL) advises that the resolutions contained in the Notice of Meeting dated 16 October 2020 and considered at the Annual General Meeting of Shareholders (AGM) today were all passed via a Poll.

In accordance with Section 251AA(1) of the Corporations Act, the following summary of proxies received and the poll results in respect to the resolutions at the AGM are set out in the attached Proxy and Poll Summary.

This announcement has been authorised by the Board of Otto Energy Limited.

For further information, please contact:

Ms Kaitlin Smith

Company Secretary

T: [phone]

Otto Energy Limited ASX Code: OEL ABN: 56 107 555 046 [e-mail] T: [phone]

Australian Office: 32 Delhi Street, West Perth WA 6005 Australia PO Box 1414, West Perth, WA 6872 Australia

Houston Office: Suite #1080, Two Allen Center, 1200 Smith Street, Houston, Texas 77002 T: [phone]

OTTO ENERGY LIMITED	RESULT OF ANNUAL GENERAL
	MEETING (ASX REPORT)

ANNUAL GENERAL MEETING

Thursday, 19 November, 2020

As required by section 251AA(2) of the Corporations Act 2001 (Commonwealth) the following statistics are provided in respect of each resolution on the agenda.

	Resolution Voted on at the meeting				Proxy Votes (as at proxy close)			Poll (Manner in which votes were cast in person
										or by proxy on a poll (where applicable) on a
										poll at the meeting
No	Short Description	Strike		For		Against	Discretionary	Abstain		For	Against	Abstain **		Result
Y/N/NA			(open votes)
1	ADOPTION OF REMUNERATION REPORT	N		2,467,747,802		92,827,128	4,251,742	2,903,517		2,470,915,242	111,036,298	2,903,517		Carried
				96.21%		3.62%	0.17%			95.70%	4.30%
2	ELECTION OF DIRECTOR WHO WAS APPOINTED BY	NA		2,489,801,972		46,487,056	4,176,720	57,497,177		2,490,894,390	66,696,226	57,497,177		Carried
	OTHER DIRECTORS - GEOFF PAGE			98.01%		1.83%	0.16%			97.39%	2.61%
3	RE-ELECTION OF DIRECTOR WHO RETIRES BY	NA		2,416,822,233		91,560,672	3,926,720	85,653,300		2,419,664,651	109,769,842	85,653,300		Carried
	ROTATION - JOHN JETTER			96.20%		3.64%	0.16%			95.66%	4.34%
4	RATIFICATION OF PRIOR PLACEMENT OF SHARES	NA		229,678,482		24,369,767	4,177,220	2,339,737,456		230,771,400	44,578,937	2,339,737,456		Carried
				88.94%		9.44%	1.62%			83.81%	16.19%
5	APPROVAL OF 7.1A MANDATE	NA		2,482,070,115		108,500,061	4,198,229	3,194,520		2,483,184,042	128,709,231	3,194,520		Carried
				95.66%		4.18%	0.16%			95.07%	4.93%
6	CONSOLIDATION OF CAPITAL	NA		Resolution		Resolution	Resolution	Resolution		Resolution	Resolution	Resolution		NA
				Withdrawn		Withdrawn	Withdrawn	Withdrawn		Withdrawn	Withdrawn	Withdrawn

** - Note that votes relating to a person who abstains on an item are not counted in determining whether or not the required majority of votes were cast for or against that item

Printed: 19/11/2020

5:39:17PM

This report was produced from the Link Market Services Meeting System

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