Peninsula Energy (PEN) EGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, introduced board members, and outlined the meeting structure, including online participation and Q&A opportunities.

• Statutory business commenced with confirmation of quorum, proxy validation, and voting procedures explained.

Specific resolutions to be voted on

• Ratification of prior agreements for the issue of 47,898,374 placement shares at $0.30 per share.

• Approval to issue up to 25 million new placement shares at $0.30 per share.

• Approval for related party share issues to directors: 250,000 shares each to David Coyne and George Bauk, and 70,000 shares to Brian Booth, all at $0.30 per share.

• Approval to issue 8,086,934 unlisted options and equity securities under a DEA facility, including convertible shares and detachable warrants.

• Approval to issue up to 3,666,667 shares to quarter member at $0.30 per share.

• Approval for 1 million related party service rights to George Bauk under the long-term incentive plan.

Corporate governance

• All resolutions decided by poll in accordance with ASX Corporate Governance Council recommendations.

• Proxy and voting card procedures detailed for both in-person and online participants.