Results of 2024 Annual General Meeting

Rhea-AI Summary

AXP Energy announced the results of its 2024 Annual General Meeting. All proposed resolutions were successfully passed with overwhelming shareholder support. The Remuneration Report received 97.98% approval, while the election of Robert Lees and re-election of Stuart Middleton as directors were approved with 99.19% and 99.14% of votes respectively. The 7.1A Mandate was approved with 98.79% support, and the Plan received 99.64% approval.

Positive

• Strong shareholder support demonstrated with all resolutions receiving over 97% approval
• Successful approval of corporate governance measures including board appointments and remuneration report

Negative

• None.

FLORENCE, CO / ACCESSWIRE / November 22, 2024 / 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 Friday, 22 November 2024 Results of 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 (as at proxy close)										Number of votes cast on the poll (where applicable)								Resolution Result				If s250U
																									applies
Resolution	Resolution Type		For		Against		Proxy's Discretion		Abstain				For		Against		Abstain*				Carried / Not 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

View the original press release on accesswire.com

FAQ

What were the voting results for AXP Energy (AUNXF) 2024 Annual General Meeting?

All resolutions were passed with strong support: Remuneration Report (97.98%), Robert Lees election (99.19%), Stuart Middleton re-election (99.14%), 7.1A Mandate (98.79%), and Plan approval (99.64%).

Who were the directors elected at AXP Energy's (AUNXF) 2024 AGM?

Robert Lees was elected and Stuart Middleton was re-elected as directors, with approval rates of 99.19% and 99.14% respectively.

What was the approval rate for AXP Energy's (AUNXF) Remuneration Report in 2024?

The Remuneration Report received 97.98% approval from shareholders at the 2024 Annual General Meeting.