Result of General Meeting

30 August 2022

AFENTRA PLC

Result of General Meeting

Afentra plc (‘Afentra’ or the ‘Company’), an upstream oil and gas company listed on AIM and focused on acquiring production and development assets in Africa, is pleased to announce that, at a general meeting of the Company held at 14:00 today, the resolution to approve the Sonangol Acquisitions was passed as an ordinary resolution by the requisite majority.  The votes cast on the resolution were as follows:

NOTES:

1.  Proxy appointments which gave discretion to the Chairman of the GM have been included in the “For” total for the appropriate resolution.

2.  A “Vote withheld” is not a vote in law and is not counted in the calculation of the percentage of shares voted “For” or “Against” any resolution.

Further details on the Resolution, and the remaining conditions to Completion, are contained in the Company’s AIM Admission Document published on 10 August 2022 (“Admission Document”), which is available on the Company’s website.  

Re-admission process and remaining key timings

·      INA deal completion expected Q4 2022 post Government approvals

·      Sonangol deal completion expected Q4 2022 post Block 3/05 licence extension and Government approvals

·      Admission of enlarged group to trading on AIM expected Q4 2022

All capitalised terms, unless otherwise defined, shall have the meanings ascribed to them in the Company’s Admission Document published on 10 August 2022.

For further information contact: 

Afentra plc +44 (0)20 7405 4133 

Paul McDade, CEO

Anastasia Deulina, CFO

Buchanan (Financial PR) +44 (0)20 7466 5000

Ben Romney

Jon Krinks

Chris Judd

Peel Hunt LLP (Nominated Advisor and Joint Broker) +44 (0)20 7418 8900

Richard Crichton

Paul Gillam

David McKeown

Tennyson Securities (Joint Broker) +44 (0)20 7186 9033

Peter Krens