Jadestone Energy plc (JSE) Earnings Call Transcript & Summary

Good morning, ladies and gentlemen, and welcome to the Jadestone Energy AGM Proposals Discussion Webinar. [Operator Instructions] This call is being recorded on Thursday, June 10, 2021. I would now like to turn the conference over to Dennis McShane. Please go ahead.

Thank you very much. Good day, ladies and gentlemen. My name is Dennis McShane. And I am the Chairman and a Director of Jadestone Energy plc. I'm joined on the line by Paul Blakeley, President and CEO; and Dan Young, CFO of Jadestone Energy plc. Welcome to the company's webinar ahead of the 2021 Annual General Meeting. As we announced last month, the Annual General Meeting is scheduled to commence at 9 a.m. British Summer Time on Wednesday, 16th of June 2021. Ordinarily, our preference would be to welcome shareholders in person to our AGM, particularly given the constraints we faced in 2020 due to the COVID-19 pandemic. However, the current guidance of the Government of Singapore regarding social distancing and the prohibition of public gatherings due to the continued COVID-19 pandemic remain in place. We are, therefore, proposing to hold the meeting with the minimum attendance required to form a quorum. It will be attended only by the minimum number of directors of the company permissible and only from those based in Singapore. Non-Singaporean-based directors of the company will not be asked to travel to Singapore for the meeting, and other officers and professional advisers will not be in attendance. This approach is required to comply with the current Singaporean government guidance as it applies today. In light of these circumstances, while at the same time recognizing the importance of shareholder engagement, we have organized today's webinar to enable shareholders to submit questions concerning the resolutions proposed for the Annual General Meeting. Equally, at every opportunity when we present either results or operations updates, we have hosted and will continue to host webinars to share information and take questions. Additionally, we will continue to engage in numerous one-on-one or group meetings via remote conferencing facilities. Our aim is to keep shareholders as well informed as possible and able to interact with management as frequently as we can reasonably manage. For this pre-AGM webinar, we had asked that any questions on the proposed AGM resolutions be submitted in advance via e-mail. The notice of Annual General Meeting, published on the 24th of May 2021, clearly sets out the resolutions proposed for the meeting. We can report that we've received no questions. We have worked with our external advisers to ensure meeting requirements, including voting integrity are suitably addressed. With that advice, the company encourages all shareholders to cast their votes via proxy. This is the only method by which shareholders can cast votes for the meeting. You can appoint the proxy by returning your completed form of proxy by post or by e-mail to Computershare Investor Services plc. Physical and e-mail address details can be found on Page 5 of the Notice of Annual General Meeting, which is available at the company's website. Alternatively, if you are a CREST member, you can submit a proxy appointment electronically by using the CREST voting service. Proxy appointments must be received by Computershare Investor Services plc by no later than 9 a.m. British Summer Time on the 14th of June 2021. On the 16th of June, shareholders are encouraged to join us virtually rather than attending the AGM in person. We will provide a live webcast of the meeting, giving shareholders the opportunity to listen to the AGM presentation. Shareholders who wish to attend the AGM webcast should register for the event in advance. Registration details can be found on the company's website. Voting at the AGM will be via poll and will reflect all valid proxy voting instructions duly received in advance of the meeting. Once again, we encourage you to cast your votes via proxy. Thank you for attending today's call. We wish you well.

Ladies and gentlemen, this concludes your conference call for today. We thank you for participating and ask that you please disconnect your lines.

Thank you, all.