Results of 2024 Annual General Meeting

27

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

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