TIDMPXEN

RNS Number : 5230I

Prospex Energy PLC

13 August 2021

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

13 August 2021

Prospex Energy PLC ('Prospex' or the 'Company')

Requisition to Convene a General Meeting

The Board of Prospex (the "Board") announces that it has received a letter from a group of shareholders in the Company, requisitioning a general meeting ("GM") of the Company's shareholders (the "Requisition"). The Requisition proposes that shareholders be asked to consider resolutions related to changes to the Board, including the removal of existing and proposed Directors and the appointment of new Directors, and share authorities.

Having taken legal advice, the Board has ascertained that the documentation as received is not a valid request under section 303 of the Companies Act 2006 because such a request must be made by a member of the Company recorded on the Company's register of members and accordingly the Board is not obliged to call the GM.

The Board has engaged with the group of shareholders as to the actions they need to take to validly call a GM and has invited the group of shareholders to procure that a valid request under section 303 is submitted. Further announcements will be made if and when appropriate.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

 
Mark Routh       Prospex Energy PLC          Tel: +44 (0) 20 3948 
                                                             1619 
Rory Murphy      Strand Hanson Limited       Tel: +44 (0) 20 7409 
 Ritchie Balmer                                              3494 
Colin Rowbury    Novum Securities Limited    Tel: +44 (0) 20 7399 
 Jon Belliss                                                 9427 
Duncan Vasey     Peterhouse Capital Limited  Tel: +44 (0) 20 7220 
                                                             9797 
Frank Buhagiar   St Brides Partners Ltd      Tel: +44 (0) 20 7236 
                                                             1177

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August 13, 2021 02:00 ET (06:00 GMT)

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