Valeura Energy Inc Announces Result of AGM

Rhea-AI Summary

Valeura Energy Inc. announced the results of its annual and special meeting of shareholders, where shareholders approved the appointment of auditors, election of directors, and a shareholder rights plan. Dr. W. Sean Guest, Dr. Timothy R. Marchant, Russell J. Hiscock, Timothy N. Chapman, Lina Lee, and Anna Green were elected as directors.

CALGARY, AB / ACCESSWIRE / May 10, 2024 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Corporation"), an upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to provide the voting results from its annual and special meeting of shareholders held on May 9, 2024.

Shareholders voted on and approved the following proposals: (1) the appointment of Deloitte & Touche LLP as the auditors of the Corporation, (2) the election of the directors of the Corporation, and (3) an ordinary resolution approving the Corporation's shareholder rights plan.

The voting results for the election of directors are as follows:

	Total Votes			% of Votes Cast
Nominee	For	Withheld	Total	For	Withheld
Dr. W. Sean Guest	44,391,234	602	44,391,836	100.00%	0.00%
Dr. Timothy R. Marchant	44,332,902	58,934	44,391,836	99.87%	0.13%
James D. McFarland	38,220,564	6,171,272	44,391,836	86.10%	13.90%
Russell J. Hiscock	44,332,604	59,232	44,391,836	99.87%	0.13%
Timothy N. Chapman	44,330,204	61,632	44,391,836	99.86%	0.14%
Lina Lee	44,330,200	61,635	44,391,835	99.86%	0.14%
Anna Green	44,275,302	116,533	44,391,835	99.74%	0.26%

About the Corporation

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Corporation is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries) +65 6373 6940
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
Contact@valeuraenergy.com

Valeura Energy Inc. (Investor Enquiries) +1 403 975 6752 / +44 7392 940495
Robin James Martin, Vice President, Communications and Investor Relations
IR@valeuraenergy.com

CAMARCO (Public Relations, Media Adviser to Valeura) +44 (0) 20 3757 4980
Owen Roberts, Billy Clegg
Valeura@camarco.co.uk

Contact details for the Corporation's advisors, covering research analysts, and joint brokers, including Auctus Advisors LLP, Cormark Securities Inc., Research Capital Corporation, Schachter Energy Report, and Stifel Nicolaus Europe Limited, are listed on the Corporation's website at www.valeuraenergy.com/investor-information/analysts/.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Valeura Energy Inc.

View the original press release on accesswire.com

FAQ

Who were appointed as auditors of Valeura Energy Inc.?

Deloitte & Touche LLP was appointed as the auditors of Valeura Energy Inc.

What proposals were approved by shareholders at the meeting?

Shareholders approved the appointment of auditors, election of directors, and a shareholder rights plan.

Who were elected as directors of Valeura Energy Inc.?

Dr. W. Sean Guest, Dr. Timothy R. Marchant, Russell J. Hiscock, Timothy N. Chapman, Lina Lee, and Anna Green were elected as directors of Valeura Energy Inc.

When was the annual and special meeting of shareholders held?

The annual and special meeting of shareholders was held on May 9, 2024.

What are the assets of Valeura Energy Inc.?

Valeura Energy Inc. has assets in the Gulf of Thailand and the Thrace Basin of Türkiye.