TIDMMYN

RNS Number : 7740D

Mayan Energy Limited

11 October 2018

Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas

11 October 2018

Mayan Energy Ltd ("Mayan" or the "Company")

Results of AGM

Mayan Energy Ltd (AIM: MYN), the AIM listed oil and gas company, announces that at its Annual General Meeting ('AGM') held on 11 October 2018, all the resolutions put to shareholders were passed by the requisite majorities.

Please note that following the resignation of H ("Eddie") Gonzalez (announced 5 October 2018), Resolution 3 'Re-appointment of Director' was withdrawn. All resolutions were taken on a poll.

The results of the polls taken on the resolutions were as follows:

 
 Resolution           Votes For       % of        Votes     % of   Total Votes       Votes 
                                     votes      Against    votes                  Withheld 
                                      cast                  cast 
 Receiving 
  and adopting 
  the Accounts        318,537,966      100            0        0   318,537,966          29 
                     ------------  -------  -----------  -------  ------------  ---------- 
 Re-appointment 
  of Director 
  (C Wood)            266,714,587    83.73   51,823,379    16.27   318,537,966          29 
                     ------------  -------  -----------  -------  ------------  ---------- 
 Re- appointment 
  of Director 
  (JD McGraw)         266,714,587    83.73   51,823,379    16.27   318,537,966          29 
                     ------------  -------  -----------  -------  ------------  ---------- 
 Auditor's 
  Re-appointment 
  and Remuneration    318,522,216    99.99       15,750     0.01   318,537,966          29 
                     ------------  -------  -----------  -------  ------------  ----------

The Company provided shareholders with an explanation of the Company's current operations and strategic plan as outlined in the Half Year Results announced on 27 September 2018 and the Operational Update provided on 9 October 2018.

**ENDS**

For further information visit http://mayanenergy.co.uk/ or contact the following:

 
 Charlie Wood      Mayan Energy Ltd              +44 7971 444 326 
 Roland Cornish    Beaumont Cornish Ltd          +44 20 7628 3396 
                  ----------------------------  ----------------- 
 James Biddle      Beaumont Cornish Ltd          +44 20 7628 3396 
                  ----------------------------  ----------------- 
 Frank Buhagiar    St Brides Partners Limited    +44 20 7236 1177 
                  ----------------------------  ----------------- 
 Gaby Jenner       St Brides Partners Limited    +44 20 7236 1177 
                  ----------------------------  ----------------- 
 Colin Rowbury     Novum Securities Limited      +44 20 7399 9400 
                  ----------------------------  -----------------

Notes:

Mayan Energy Limited is an AIM listed (London Stock Exchange) North American based energy company. It is actively pursuing a primary recovery oil strategy focused on re-stimulating wells within mature producing basins with immediate cash flow leveraging commercially available technologies and projects that are shallow, low risk with low levels of capex and infrastructure already in place. It also remains interested in creating shareholder value by strategic investments in similar projects with high cash generative potential and by forming beneficial development partnerships that enable the use of pioneering and leading extraction technologies.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 11, 2018 07:52 ET (11:52 GMT)

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