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JKX Oil & Gas PLC - Result of AGM

RNS Number : 5200Q
JKX Oil & Gas PLC
19 June 2020
 

 

LEI: 213800AS2I1XUAGQ6F27

 

19 June 2020

JKX Oil & Gas plc

("JKX", the "Company" or the "Group")

Result of AGM

 

JKX announces that at its AGM this morning Ordinary Resolutions 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 and Special Resolution 11 were passed. A table showing the voting is below.

 

Commenting on the AGM, Charles Valceschini, Chairman of JKX's Board, said, "The last twelve months have seen a unique combination of events. Yet despite facing a global pandemic, with all that this entailed, the collapse in hydrocarbon prices, and significant changes in the composition of the JKX Board, there have been many reassuring things to report.

 

"Your company is now debt free, for the first time in many years, with reserves of $14.7m of cash, cash equivalents and product inventory at 31 May 2020. Production for 1Q2020 was up 11% year on year after already rising by 20% over the full year 2019. A number of long-outstanding claims brought by the Ukrainian tax authorities have been settled in our favour and the Board has adjusted  its previous work programme and budget with a view to increasing your Company's resilience in a challenging commercial environment.

 

"We are all too aware of the external challenges we face, but we believe that our fundamentals are sound and in a better position than they have been for years. We are confident that this will be recognised by the market."

 


VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD

1

51,759,248

99.96%

22,457

0.04%

51,781,705

30.15

4,194

2

51,716,227

99.88%

61,017

0.12%

51,777,244

30.15

8,655

3

51,726,717

99.90%

50,527

0.10%

51,777,244

30.15

8,655

4

51,712,508

99.92%

40,045

0.08%

51,752,553

30.14

33,346

5

51,719,958

99.93%

34,818

0.07%

51,754,776

30.14

31,123

6

51,705,211

99.93%

38,595

0.07%

51,743,806

30.13

42,093

7

51,712,524

99.92%

39,029

0.08%

51,751,553

30.14

34,346

8

51,736,927

99.94%

29,979

0.06%

51,766,906

30.15

18,993

9

51,776,286

99.99%

7,594

0.01%

51,783,880

30.16

2,019

10

51,762,474

99.96%

19,983

0.04%

51,782,457

30.15

3,442

11

51,732,845

99.94%

32,787

0.06%

51,765,632

30.14

20,267

 

 

ENDS

 

EM Communications                         +44 (0) 20 7002 7860

Stuart Leasor, Jeroen van de Crommenacker

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: JKX Oil & Gas PLC

Price: 24.95

Market: LSE
Market Cap: £42.84 m
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