PetroTal Announces Voting Results of Shareholders' Meeting

Rhea-AI Summary

PetroTal announced that all resolutions at its annual general meeting on June 19, 2024, have been approved. A total of 211,361,360 common shares, representing 23.09% of the issued shares, were represented at the meeting. Shareholders set the number of directors at eight, with each nominee elected with an overwhelming majority. Manuel Pablo Zúñiga-Pflücker received 99.83% of votes, Mark McComiskey received 93.40%, and other nominees such as Gavin Wilson, Eleanor J. Barker, Roger M. Tucker, Jon Harris, Felipe Arbelaez Hoyos, and Emily Morris received between 98.89% and 99.82% of votes. Deloitte LLP was appointed as auditors with 99.85% approval. Detailed voting results are available on SEDAR+.

Positive

• All resolutions at the annual general meeting were approved.
• 211,361,360 common shares, representing 23.09% of issued shares, were represented.
• All director nominees received a majority vote, with the lowest receiving 93.40% approval.
• Deloitte LLP appointed as auditors with 99.85% approval.

Negative

• None.

Calgary, Alberta and Houston, Texas--(Newsfile Corp. - June 20, 2024) - PetroTal Corp. (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce that all resolutions at the annual general meeting of shareholders held on June 19, 2024 (the "Meeting"), have been fully authorized and approved. A total of 211,361,360 common shares representing approximately 23.09% of PetroTal's issued and outstanding common shares, were represented at the Meeting.

The shareholders approved the setting of the number of directors to be elected at the Meeting at eight and the following nominees were elected as directors of PetroTal, being the eight nominees listed in the management information circular of the Company dated May 8, 2024, to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless such office is vacated earlier in accordance with PetroTal's by-laws. Results of the vote are as follows:

	Votes For		Votes Withheld
Director	#	%	#	%
Manuel Pablo Zúñiga-Pflücker	185,244,999	99.83%	314,086	0.17%
Mark McComiskey	173,317,333	93.40%	12,241,752	6.60%
Gavin Wilson	184,068,063	99.20%	1,491,022	0.80%
Eleanor J. Barker	184,976,924	99.69%	582,161	0.31%
Roger M. Tucker	185,222,767	99.82%	336,318	0.18%
Jon Harris	183,504,673	98.89%	2,054,412	1.11%
Felipe Arbelaez Hoyos	185,216,987	99.82%	342,098	0.18%
Emily Morris	185,148,389	99.78%	410,696	0.22%

 

In addition, shareholders approved the appointment of Deloitte LLP as auditors of the Company to hold office until the next annual meeting, and the directors were authorized to fix their remuneration. The results of the vote were as follows:

	Votes For (%)
	211,036,286 (99.85 %)

 

A full report on the voting results is available under PetroTal's profile on SEDAR+ at www.sedarplus.ca.

ABOUT PETROTAL

PetroTal is a publicly traded, tri‐quoted (TSX: TAL) (AIM: PTAL) (OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal's flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95 where oil production was initiated in June 2018. In early 2022, PetroTal became the largest crude oil producer in Peru. The Company's management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders.

For further information, please see the Company's website at www.petrotal-corp.com, the Company's filed documents at www.sedarplus.ca, or below:

Camilo McAllister
Executive Vice President and Chief Financial Officer
Cmcallister@PetroTal-Corp.com
T: (713) 253-4997

Manolo Zuniga
President and Chief Executive Officer
Mzuniga@PetroTal-Corp.com
T: (713) 609-9101

PetroTal Investor Relations
InvestorRelations@PetroTal-Corp.com

Celicourt Communications
Mark Antelme / Jimmy Lea
petrotal@celicourt.uk
T : 44 (0) 20 7770 6424

Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / James Spinney / Robert Collins
T: 44 (0) 207 409 3494

Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
T: +44 (0) 20 7710 7600

Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
T: +44 (0) 20 7418 8900

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213644

FAQ

What were the results of PetroTal's annual general meeting on June 19, 2024?

All resolutions, including the election of eight directors and the appointment of Deloitte LLP as auditors, were approved at PetroTal's annual general meeting on June 19, 2024.

How many shares were represented at PetroTal's shareholders' meeting?

A total of 211,361,360 common shares, representing approximately 23.09% of PetroTal's issued shares, were represented at the meeting.

Who were elected as directors at PetroTal's 2024 shareholders' meeting?

Eight nominees were elected as directors including Manuel Pablo Zúñiga-Pflücker, Mark McComiskey, Gavin Wilson, Eleanor J. Barker, Roger M. Tucker, Jon Harris, Felipe Arbelaez Hoyos, and Emily Morris.

What percentage of votes did Deloitte LLP receive for their appointment as auditors?

Deloitte LLP received 99.85% approval for their appointment as auditors.

Where can I find the full report on the voting results of PetroTal's shareholders' meeting?

The full report on the voting results is available under PetroTal's profile on SEDAR+ at www.sedarplus.ca.