Corcel PLC
("Corcel" or the "Company")
RESULTS OF GENERAL MEETING
5 August 2025
Corcel Plc (London AIM: CRCL), the Angola-Brazil-focused energy company, advises that the Company held its General Meeting (GM) earlier today and is pleased to announce that all resolutions proposed at the GM were duly passed.
The resolutions put to the GM were voted on by way of a poll and the results are as follows:
Resolution | For | % | Against | % | Withheld |
One | 1,023,585,740 | 99.57 | 4,443,901 | 0.43 | 19,265 |
Two | 1,023,118,608 | 99.52 | 4,910,988 | 0.48 | 19,310 |
Scott Gilbert, Corcel's CEO, commented: "We are very grateful for the continuous support from our shareholders as we continue to grow our Company. Their support reflects confidence in our vision and helps us accelerate operational activities across our assets."
For further information, please contact:
Scott Gilbert
Corcel Plc, CEO & Director
James Joyce / James Bavister / Andrew de Andrade
Zeus, NOMAD & Broker
020 3829 5000
Jonathan Wright / Rupert Holdsworth Hunt
Auctus Advisors LLP, Joint Broker
07711 627449
Patrick d'Ancona
Vigo Consulting Limited, IR
0207 3900 230
About Corcel
Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside. Corcel marked a new country entry into Brazil through the option to acquire rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.
Corcel's Angola portfolio consists of interests in three licenses:
· KON - 16 upon completion: operated - 80% working interest - 71.5% net to CRCL
· KON - 11 Non-Operated - 20% working interest - 18% net to CRCL
· KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL
Corcel's Brazil portfolio consists of the option to acquire:
· 20% interest in the IRAI gas field
· Right-of-first refusal ("ROFR") over the remaining 80% in the IRAI field
· ROFR for 100% of the adjacent TUC-T-172 exploration block, located in the state of Bahia, onshore Brazil
Corcel's Battery Metals portfolio consists of an 80% working interest in the Mt Weld Rare Earth Elements project in Western Australia.