In view of the emerging threat of COVID-19, Pantheon Resources plc ("Pantheon" or "the Company") advises that whilst its upcoming Annual General Meeting ("AGM") will, based on current advice, be held at the offices of Bryan Cave Leighton Paisner, Adelaide House, London Bridge, London, EC4R 9HA, on Friday, 20th March at 3.30pm, this will be kept under review.
The Company advises that the formal business of the AGM and shareholder presentation will now be split up and held as separate and individual events, with only the formal business set out in the notice of meeting being considered at the AGM.
Annual General Meeting
The formal AGM to consider and vote upon the various resolutions set out in the notice of meeting will currently go ahead as planned, however it will be attended only by London based officers of the Company and other officers and advisers will not be in attendance. No shareholder presentation will be given, rather this will be held as a separate Webinar event as detailed below. Non UK based directors of the Company will not travel to London for the meeting and shareholders are actively encouraged to consider whether their attendance at the AGM in central London in person is necessary. Shareholders wishing to vote on any of the matters of business are urged to do so through completion of a proxy form which can be completed and submitted to the Company. A copy of the proxy form is available to be downloaded from the Shareholder Document section of the Company website at www.pantheonresources.com
Proxies should be completed and returned in accordance with the instructions on the form of proxy and the latest time for lodging proxies is 3:30 pm on Wednesday 18 March 2020. The completion and return of a form of proxy will not preclude a member from attending in person at the meeting and voting should the member wish to do so. In order that any proxy votes of those members who choose to not attend and vote in person are fully reflected in the voting on the resolutions, the Chairman will direct that voting on all resolutions set out in the notice of meeting will take place by way of a poll. Under the Company's Articles, votes on a poll may be given personally, by a corporate representative or by Proxy. Every shareholder who is present in person or by a corporate representative or by Proxy shall have one vote for each share held by them.
The shareholder presentation and Q&A which would have taken place at the AGM will be held as a separate event by Webinar at 3pm GMT on the afternoon of Monday, 23rdMarch, 2020. All shareholders and other interested parties are welcome to take part. Details on how to access the Webinar will be made available early next week.
Jay Cheatham, CEO, said:
"This decision is a sensible one. We owe a duty of care to staff, shareholders, and to the general public to minimise the unnecessary movement of people at this time. Also, with the various travel restrictions occurring in different parts of the world, it is important that my fellow directors and I are able to get back into the USA. The Board was really looking forward to meeting with shareholders again, following on from an excellent set of meetings in late January. At the appropriate time we will return and share the progress that has been made since then, including an early insight into the significant advancements at Talitha. Even in this new lower oil priced world, our Alaskan assets remain highly attractive, being conventional, beneficially located under pipeline and transport infrastructure. Our projects have enormous scale, with decades of development potential and so it is the long term, rather than the short-term price that is most important. We have cash in the bank and aim to be beneficiaries of the significant drilling and operating cost reductions expected to occur."