In case you have not already seen . . .
Company: Hurricane Energy plc (‘Hurricane’ or ‘the Company’)
Ticker: HUR
ISIN: GB00B580MF54
SEDOL: B580MF5
Annual General Meeting Date: Wednesday, 3 June 2020 at 11.00 am
Proxy Voting Deadline: Monday, 1 June 2020 at 11.00 am
Recommendation of the Board: The Directors consider that the passing of all of the resolutions will enable us to promote the success of the Company for the benefit of all its Shareholders. The Directors will be voting their shareholdings in favour of the resolutions and unanimously recommend that you do so as well, using your proxy vote.
Information Agent: Boudicca Proxy Consultants
COVID-19 Note: Further to UK Government instructions issued on Monday 23 March 2020, the AGM will be convened with the minimum necessary quorum of two shareholders (which will be facilitated by Hurricane). Shareholders must not attend the AGM in person and anyone seeking to attend the meeting will be refused entry. Advisers and other guests have also been asked not to attend.
Your vote is important to Hurricane and your Board of Directors wishes to ensure that your vote is counted at the AGM. In light of the UK Government instructions regarding public health, Shareholders must not attend the AGM in person and anyone seeking to attend the meeting will be refused entry. Instead, all Shareholders should lodge their vote via proxy well in advance of the AGM.
In normal circumstances, the AGM provides an opportunity for your Directors to meet with you, outline our thoughts on the development of the Company and answer your questions. In light of current public health advice to limit travel and public gatherings, the Company will consider hosting an event later in the year for directors to meet with Shareholders and answer any questions they may have.
Dear Hurricane Shareholder,
You should be aware that the 2020 AGM will be held on Wednesday 3 June 2020 at 11.00 a.m. A copy of this document and the Company’s Annual Report and Group Financial Statements for the year ended 31 December 2019 can be viewed on our website at
www.hurricaneenergy.com.
Alongside the Annual Report, Hurricane has also published its first standalone Environmental, Social and Governance (ESG) Report.
The Directors consider that the passing of all of the resolutions will enable us to promote the success of the Company for the benefit of all its Shareholders. The Directors will be voting their shareholdings in favour of the resolutions and unanimously recommend that you do so as well, using your proxy vote.
Shareholders are asked to consider and, if thought fit, pass the following:
Ordinary Resolutions
1. To receive the Annual Report and Group Financial Statements of the Company
2. To re-appoint Deloitte LLP as the Company’s auditor
3. To elect Beverley Smith as a director
4. To re-elect Dr David Jenkins as a director
5. To re-elect Neil Platt as a director
6. To allot shares in the Company
Special Resolution
7. Subject to the passing of Ordinary Resolution 6: To allot shares in the Company Disapplication of pre-emption rights
Corporate Governance
The Hurricane Board has evolved considerably in the past 12 months. The Company welcomed two additional independent non-executive directors, both bringing significant oil and gas industry experience.
Sandy Shaw, appointed to the Board in January 2019, has extensive and highly relevant legal, commercial and transaction experience.
Beverley Smith, appointed in December 2019, is a chartered geologist with significant technical, strategic and management expertise.
Post year-end, Alistair Stobie resigned as a director and Chief Financial Officer, and has been succeeded by Richard Chaffe as acting Chief Financial Officer.
Hurricane has taken further steps towards meeting best standards of corporate governance, and in this year’s annual report outlines how the Company now satisfies the principal provisions of the UK Corporate Governance Code for Premium Listed companies. This is no longer a bottleneck to moving to the Main Board of the London Stock Exchange, which the Board continues to consider.
Supplementing the annual report this year is a detailed ESG report. Much of what it describes is a reflection of the way Hurricane has operated for years – meeting the highest safety and environmental standards have always been over-riding principles for the Company. The Company is pleased to describe this in more detail, extend reporting on areas of increased societal and investor concern, and to formalise disclosures within the GRI framework. This level of reporting will help to demonstrate the Company’s accountability as the industry aims to reduce negative impacts and support the energy transition.
Assistance
For more information, please refer to the Notice of Annual General Meeting available at:
www.hurricaneenergy.com Boudicca Proxy Consultants are the official Information Agent to Hurricane Energy plc. Should you have any questions, or wish to engage with the Company, please contact Boudicca on +44 (0) 207 099 2075. Alternatively, you may e-mail your enquiries to
info@boudiccaproxy.com, or by replying directly to this email. We will follow up this email with a brief telephone call and would appreciate your cooperation with this.
Kind regards,
The Boudicca Team
T: +44 (0) 207 099 2075
E:
info@boudiccaproxy.com6 Lloyds Avenue, London EC3N 3AX
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