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Results of 2024 Annual General Meeting
NYSE - LSE
Results of 2024 Annual General Meeting
In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001 (Cth), AXP Energy Limited advises the poll results of its 2024 Annual General Meeting held earlier today.
Resolution 1 - Remuneration Report
This non-binding resolution was carried on a poll with 97.98% votes being cast for the resolution.
Resolution 2 - Election of Director - Robert Lees
This resolution was carried on a poll with 99.19% votes being cast for the resolution.
Resolution 3 - Re-election of Director - Stuart Middleton
This resolution was carried on a poll with 99.14% votes being cast for the resolution.
Resolution 4 - Approval of 7.1A Mandate
This resolution was carried on a poll with 98.79% votes being cast for the resolution.
Resolution 5 - Approval of Plan
This resolution was carried on a poll with 99.64% votes being cast for the resolution.
The final voting position is attached.
This announcement has been authorised by the Board of AXP Energy Limited.
END
FURTHER INFORMATION
Robert Lees, Company Secretary: 0411 494 406
ABOUT AXP ENERGY LIMITED
AXP ENERGY Limited (ASX:AXP)(OTC PINK:AUNXF) is an oil & gas production and development company with core operations in Colorado. The Company's focus is on repurposing stranded gas at the 100%-owned Pathfinder Field into power generation and selling this power to end-users. AXP has a portfolio of 24 oil & gas wells held by production at Pathfinder.
DISCLAIMER
This announcement contains or may contain "forward looking statements" within the meaning of Section 27A of the Securities Act of1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Hydrocarbon production rates fluctuate over time due to reservoir pressures, depletion, down time for maintenance and other factors. The Company does not represent that quoted hydrocarbon production rates will continue indefinitely.
AXP Energy Limited | ABN 98 114 198 471
Australian Office: Level 4, 8 Spring Street, Sydney NSW 2000 | +61 2 9299 9580 www.axpenergy.com
AXP Energy Limited Annual General Meeting | ||||||||||||||||||||||||||||
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2. | ||||||||||||||||||||||||||||
Resolution details | Instructions given to validly appointed proxies | Number of votes cast on the poll | Resolution | If s250U | ||||||||||||||||||||||||
applies | ||||||||||||||||||||||||||||
Resolution | Resolution | For | Against | Proxy's | Abstain | For | Against | Abstain* | Carried / | |||||||||||||||||||
1. Adoption of the Remuneration Report | Ordinary | 276,269,586 | 6,962,463 | 16,337,991 | 1,747,871 | 337,160,588 | 6,962,463 | 1,747,871 | Carried | No | ||||||||||||||||||
92.22% | 2.32% | 5.45% | 97.98% | 2.02% | ||||||||||||||||||||||||
2. Election of Director - Robert Lees | Ordinary | 407,301,453 | 3,857,014 | 18,164,591 | 52,725 | 470,019,055 | 3,857,014 | 52,725 | Carried | NA | ||||||||||||||||||
94.87% | 0.90% | 4.23% | 99.19% | 0.81% | ||||||||||||||||||||||||
3. Re-election of Director - Stuart Middleton | Ordinary | 409,021,235 | 4,057,681 | 16,164,591 | 132,276 | 469,738,837 | 4,057,681 | 132,276 | Carried | NA | ||||||||||||||||||
95.29% | 0.95% | 3.77% | 99.14% | 0.86% | ||||||||||||||||||||||||
4. Approval of 7.1A Mandate | Ordinary | 406,969,229 | 5,718,570 | 16,172,264 | 515,720 | 467,694,504 | 5,718,570 | 515,720 | Carried | NA | ||||||||||||||||||
94.90% | 1.33% | 3.77% | 98.79% | 1.21% | ||||||||||||||||||||||||
5. Approval of Plan | Ordinary | 410,691,175 | 1,717,000 | 15,816,161 | 1,151,447 | 471,060,347 | 1,717,000 | 1,151,447 | Carried | NA | ||||||||||||||||||
95.91% | 0.40% | 3.69% | 99.64% | 0.36% | ||||||||||||||||||||||||
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll. | ||||||||||||||||||||||||||||
SOURCE: AXP Energy Limited
W.Kretschmer--BlnAP
