10 November 2025
Sunda Energy Plc
("Sunda" or "Sunda Energy" or the "Company")
Result of General Meeting
Directors' shareholdings
Total Voting Rights
Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, announces that, further to the announcement released by the Company on 27 October 2025, the Company's General Meeting was held today at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London, EC4R 3TT at 11:00 a.m.
All 3 resolutions put to members were passed on a poll. Resolution 2 was passed as an ordinary resolution and resolutions 1 and 3 were passed as special resolutions.
The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:
| Resolution |
Votes for |
% |
Votes against |
% |
Votes withheld |
| Resolution 1 (Special) To provide the Directors with authority to allot Subscription Shares and grant Warrants and to disapply pre-emption rights accordingly |
2,083,822,130 |
93.70% |
140,014,367 |
6.30% |
546,364,295 |
| Resolution 2 (Ordinary) To provide the Directors with authority to allot shares |
2,106,669,306 |
94.73% |
117,167,191 |
5.27% |
546,364,295 |
| Resolution 3 (Special) To disapply pre-emption rights |
2,066,185,206 |
93.26% |
149,259,171 |
6.74% |
554,756,415 |
As at 10 November 2025, there were 30,516,378,281 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution. The full text of each resolution is available in the Notice of General Meeting, published on our website.
The passing of the Resolutions provides the Company with the necessary authorities to enable the issue of the Subscription Shares and to cover any future exercise of the 480,000,000 Warrants granted to the subscribers, details of which were set out in the announcement made by the Company on 17 October 2025.
Directors' shareholdings
The table below sets out the number of Subscription Shares that were subscribed for by the Directors and their interests in the issued share capital of the Company following Admission:
| Director |
Position |
New Ordinary Shares subscribed for |
Number of Warrants granted |
Shareholding following Admission |
Percentage of enlarged share capital following Admission |
| Gerry Aherne
|
Chairman |
200,000,000 |
100,000,000 |
380,000,000 |
1.21% |
| Andy Butler |
Chief Executive Officer |
400,000,000 |
200,000,000 |
1,130,601,442 |
3.59% |
| Rob Collins |
Chief Finance Officer |
120,000,000 |
60,000,000 |
120,000,000 |
0.38% |
| Keith Bush |
Non-Executive Director |
40,000,000 |
20,000,000 |
40,000,000 |
0.13% |
| John Chessher |
Non-Executive Director |
40,000,000 |
20,000,000 |
46,000,000 |
0.15% |
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the 960,000,000 Subscription Shares to be admitted to trading on AIM. It is expected that admission of the Subscription Shares to trading on AIM will become effective, and that dealings in the Subscription Shares will commence, at 8.00 a.m. on 11 November 2025.
The enlarged share capital of the Company, as increased by the Subscription Shares, immediately following Admission will be 31,476,378,281 with no Ordinary Shares in treasury. Therefore, the total number of voting rights will also be 31,476,378,281. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
The Subscription Shares will be credited as fully paid and will rank pari passu in all respects with each other and with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Capitalised terms in this announcement have the meaning ascribed to them in the announcement released by the Company on 15 October 2025.
For further information please contact:
| Sunda Energy Plc Andy Butler, Chief Executive Rob Collins, Chief Financial Officer
|
Tel: +44 (0) 20 7770 6424 |
| Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)
|
Tel: +44 (0) 203 328 5656 |
| Hannam & Partners Advisory Limited (Advisor and Joint Broker) Neil Passmore (Corporate Finance) Leif Powis (Sales)
|
Tel: +44 (0) 20 7907 8502
|
| Celicourt Communications (Financial PR and IR) Mark Antelme, Philip Dennis, Charles Denley-Myerson |
Tel: +44 (0) 20 7770 6424 |