Voting on the resolution put to shareholders was conducted by a poll.
In summary, 61.31% voted in favour of the resolution, and 38.69% voted against.
It should be noted, that of the total votes received against the proposed resolutions 68.42% representing 43,841,569 votes were received from the requisitioning parties of the General Meeting held in 10 July 2018.
Accordingly, the assignment of up to a 60% Participating Interest in PEP11 and the Operating Agreement by Asset Energy Pty Ltd to RL Energy Pty Ltd pursuant to the Farmin Agreement, on the terms summarised in the Explanatory Memorandum has been approved.
Newly appointed Chairman Mr Mike Sandy was quoted, following the meeting; “I am thrilled with the outcome of the meeting and look forward to working with the Board of Advent and RL Energy to deliver 3D Seismic under the terms of the agreement”
PEP 11 moving forward
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Ann: Results of General Meeting, page-2
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