Brooge Energy Limited Announces Results of Extraordinary Meeting of Shareholders
Brooge Energy Limited (NASDAQ:BROG), a Cayman Islands-based infrastructure provider specializing in clean petroleum products and biofuels storage, held an extraordinary general meeting on September 30, 2025. Shareholders overwhelmingly approved two key resolutions with over 96% participation.
The first resolution, approved by 99.99% of voting shares, authorized the sale of the company's interests in BPGIC FZE and BPGIC Phase III FZE to Gulf Navigation Holding PJSC. The second resolution, supported by 99.97% of voting shares, approved the distribution of transaction proceeds to shareholders, though the exact amount and timing remain to be determined.
Brooge Energy Limited (NASDAQ:BROG), un fornitore di infrastrutture con sede nelle Isole Cayman, specializzato nello stoccaggio di prodotti petroliferi puliti e biocarburanti, ha convocato un'assemblea generale straordinaria il 30 settembre 2025. Gli azionisti hanno approvato all'unanimità due risoluzioni chiave con una partecipazione superiore al 96%.
La prima risoluzione, approvata dal 99,99% delle azioni con diritto di voto, autorizza la vendita degli interessi della società in BPGIC FZE e BPGIC Phase III FZE a Gulf Navigation Holding PJSC. La seconda risoluzione, sostenuta dal 99,97% delle azioni con diritto di voto, autorizza la distribuzione degli proventi della transazione agli azionisti, anche se l'importo esatto e i tempi non sono ancora determinati.
Brooge Energy Limited (NASDAQ:BROG), un proveedor de infraestructura con sede en las Islas Caimán, especializado en el almacenamiento de productos petrolíferos limpios y biocombustibles, celebró una junta general extraordinaria el 30 de septiembre de 2025. Los accionistas aprobaron por abrumadora mayoría dos resoluciones clave con una participación superior al 96%.
La primera resolución, aprobada por el 99,99% de las acciones con derecho a voto, autorizó la venta de los intereses de la empresa en BPGIC FZE y BPGIC Phase III FZE a Gulf Navigation Holding PJSC. La segunda resolución, respaldada por el 99,97% de las acciones con derecho a voto, aprobó la distribución de los ingresos de la transacción entre los accionistas, aunque la cantidad exacta y el momento aún están por determinarse.
Brooge Energy Limited (NASDAQ:BROG)은 청정 석유 제품 및 바이오연료 저장을 전문으로 하는 케이맨 제도에 본사를 둔 인프라 공급업체로, 2025년 9월 30일에 임시 주주총회를 개최했습니다. 주주들은 96% 이상 참여으로 두 가지 주요 의안을 압도적으로 승인했습니다.
첫 번째 의안은 투표권 주식의 99.99%의 승인을 받아 BPGIC FZE 및 BPGIC Phase III FZE에 대한 회사의 지분을 Gulf Navigation Holding PJSC에 매각하는 것을 승인했습니다. 두 번째 의안은 투표권 주식의 99.97%의 지지를 받아 거래 수익을 주주들에게 분배하는 것을 승인했으나, 정확한 금액과 시점은 아직 확정되지 않았습니다.
Brooge Energy Limited (NASDAQ:BROG), fournisseur d'infrastructures basé aux Îles Caïmans et spécialisé dans le stockage de produits pétroliers propres et de biocarburants, a tenu une assemblée générale extraordinaire le 30 septembre 2025. Les actionnaires ont approuvé à une large majorité deux résolutions clés avec une participation supérieure à 96%.
La première résolution, approuvée par 99,99% des actions avec droit de vote, a autorisé la vente des intérêts de la société dans BPGIC FZE et BPGIC Phase III FZE à Gulf Navigation Holding PJSC. La deuxième résolution, soutenue par 99,97% des actions avec droit de vote, a approuvé la distribution des produits de la transaction aux actionnaires, bien que le montant exact et le calendrier restent à déterminer.
Brooge Energy Limited (NASDAQ:BROG), ein Infrastruktur-Anbieter mit Sitz auf den Kaimaninseln, der sich auf die Lagerung sauberer Erdölprodukte und Biokraftstoffe spezialisiert hat, hat am 30. September 2025 eine außerordentliche Hauptversammlung abgehalten. Die Aktionäre stimmten eindeutig über zwei wichtige Beschlüsse ab, mit einer Beteiligung von über 96%.
Der erste Beschluss, genehmigt von 99,99% der stimmberechtigten Aktien, genehmigte den Verkauf der Interessen des Unternehmens an BPGIC FZE und BPGIC Phase III FZE an Gulf Navigation Holding PJSC. Der zweite Beschluss, unterstützt von 99,97% der stimmberechtigten Aktien, genehmigte die Verteilung der Transaktionserlöse an die Aktionäre, wobei der genaue Betrag und timing noch festgelegt werden müssen.
Brooge Energy Limited (NASDAQ:BROG), مزود بنية تحتية مقره جزيرة كايمان ومتخصص في تخزين المنتجات البترولية النظيفة والوقود الحيوي، عقد اجتماع الجمعية العامة غير العادية في 30 سبتمبر 2025. وافق المساهمون بأغلبية ساحقة على قرارين رئيسيين بمشاركة تفوق 96%.
القرار الأول، الذي تم الموافقة عليه من 99.99% من أسهم التصويت، يجيز بيع مصالح الشركة في BPGIC FZE وBPGIC Phase III FZE إلى Gulf Navigation Holding PJSC. القرار الثاني، المدعوم من 99.97% من أسهم التصويت، يجيز توزيع عائدات الصفقة على المساهمين، رغم أن المبلغ والتوقيت الدقيقين لا يزالان محددين.
Brooge Energy Limited (NASDAQ:BROG)，总部设在开曼群岛的基础设施提供商，专注于清洁石油产品和生物燃料的储存，已于2025年9月30日召开了一次特别股东大会。股东以压倒性多数通过两项关键决议，参与率超过96%。
第一项决议得到投票权份额的99.99%同意，授权公司将其在 BPGIC FZE 与 BPGIC Phase III FZE 的权益出售给 Gulf Navigation Holding PJSC。第二项决议得到投票权份额的99.97%支持，同意将交易所得分配给股东，尽管具体金额和时间尚未确定。
- Overwhelming shareholder approval with 99.99% support for the sale transaction
- High shareholder participation rate of 96.46% in the voting process
- Planned distribution of transaction proceeds to shareholders
- Exact timing and amount of shareholder distribution remains uncertain
- Divestment of key assets could impact future operational capacity
Insights
Shareholders overwhelmingly approved Brooge Energy's asset sale and subsequent distribution of proceeds, signaling major corporate restructuring.
Brooge Energy Limited has secured near-unanimous shareholder approval for two critical resolutions that will substantially reshape the company's structure and potentially deliver immediate value to investors. The first resolution authorizes the sale of the company's interests in BPGIC FZE and BPGIC Phase III FZE to Gulf Navigation Holding PJSC, with an extraordinary
The overwhelming support—with
While the company has not yet determined the timing or exact amount of the potential distribution, the near-unanimous approval of these resolutions indicates shareholders' confidence in management's approach to monetizing these assets. This transaction represents a fundamental shift in Brooge's asset portfolio and capital allocation strategy. The market will now focus on three key questions: the total value of the transaction, the percentage of proceeds to be distributed versus retained for operations or debt reduction, and the strategic direction for Brooge's remaining assets post-divestiture.
DUBAI, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Brooge Energy Limited (“BEL” or the “Company”), a Cayman Islands-based infrastructure provider, which is engaged in Clean Petroleum Products and Biofuels and Crude Oil storage and related services, hereby announces the results of the Company’s extraordinary general meeting of the shareholders (the “Meeting”) held on 30 September 2025.
The record date for determining shareholder eligibility to vote at the Meeting was market close on Wednesday 10 September 2025 (the "Record Date").
Two resolutions were put to the vote of shareholders:
- Resolution 1: Approval of the sale of the Company’s interest in BPGIC FZE and BPGIC Phase III FZE to Gulf Navigation Holding PJSC, as recommended by the Board of Directors, and ratification of the terms and conditions of the Transaction as set out in the Announcement dated 27 May 2025.
- Resolution 2. Approval of the distribution of proceeds from the Transaction to shareholders, in accordance with the mechanics and pricing disclosed in the notice and subject to applicable regulatory restrictions.
Both resolutions were overwhelmingly adopted by shareholders. Total number of 105,719,265 out of 109,587,853 shares (
The timing and exact amount of the distribution, if any, has not yet been determined and will be separately communicated if declared.
Forward-Looking Statements
This press release contains statements that are not historical facts and constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements reflect management’s current views based on certain assumptions, and they involve risks and uncertainties. Actual results, events or performance may differ materially from the forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including risks described in public reports filed by BEL with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. BEL does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
+1 212-896-1254
BROG@kcsa.com
FAQ
What were the voting results for Brooge Energy's (BROG) extraordinary meeting in September 2025?
What assets is Brooge Energy (BROG) selling to Gulf Navigation Holding?
When will BROG shareholders receive the distribution from the transaction?
What was the record date for voting eligibility at Brooge Energy's extraordinary meeting?
