11th Oct 2018 12:52
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas
11 October 2018
Mayan Energy Ltd ("Mayan" or the "Company")
Results of AGM
Mayan Energy Ltd (AIM: MYN), the AIM listed oil and gas company, announces that at its Annual General Meeting ('AGM') held on 11 October 2018, all the resolutions put to shareholders were passed by the requisite majorities.
Please note that following the resignation of H ("Eddie") Gonzalez (announced 5 October 2018), Resolution 3 'Re-appointment of Director' was withdrawn. All resolutions were taken on a poll.
The results of the polls taken on the resolutions were as follows:
Resolution | Votes For | % of votes cast | Votes Against | % of votes cast | Total Votes | Votes Withheld |
Receiving and adopting the Accounts | 318,537,966 | 100 | 0 | 0 | 318,537,966 | 29 |
Re-appointment of Director (C Wood) | 266,714,587 | 83.73 | 51,823,379 | 16.27 | 318,537,966 | 29 |
Re- appointment of Director (JD McGraw) | 266,714,587 | 83.73 | 51,823,379 | 16.27 | 318,537,966 | 29 |
Auditor's Re-appointment and Remuneration | 318,522,216 | 99.99 | 15,750 | 0.01 | 318,537,966 | 29 |
The Company provided shareholders with an explanation of the Company's current operations and strategic plan as outlined in the Half Year Results announced on 27 September 2018 and the Operational Update provided on 9 October 2018.
**ENDS**
For further information visit http://mayanenergy.co.uk/ or contact the following:
Charlie Wood | Mayan Energy Ltd | +44 7971 444 326 |
Roland Cornish | Beaumont Cornish Ltd | +44 20 7628 3396 |
James Biddle | Beaumont Cornish Ltd | +44 20 7628 3396 |
Frank Buhagiar | St Brides Partners Limited | +44 20 7236 1177 |
Gaby Jenner | St Brides Partners Limited | +44 20 7236 1177 |
Colin Rowbury | Novum Securities Limited | +44 20 7399 9400 |
Notes:
Mayan Energy Limited is an AIM listed (London Stock Exchange) North American based energy company. It is actively pursuing a primary recovery oil strategy focused on re-stimulating wells within mature producing basins with immediate cash flow leveraging commercially available technologies and projects that are shallow, low risk with low levels of capex and infrastructure already in place. It also remains interested in creating shareholder value by strategic investments in similar projects with high cash generative potential and by forming beneficial development partnerships that enable the use of pioneering and leading extraction technologies.
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