PXP Energy Corporation: Notice of Annual General Stockholders’ Meeting

MANILA, Philippines — Please be informed that the Annual General Stockholders’ Meeting (“AGM” or “Meeting”) of PXP Energy Corporation (the “Company”) will be held on Wednesday, July 15, 2020 at 1:30 p.m., and will be presided at TV 5 Media Center, Reliance St., Mandaluyong City. The meeting will be conducted virtually, and attendance at the meeting will be via remote communication only.

The order of business at the Meeting will be as follows:

1. Call to Order;
2. Proof of required notice of the meeting;
3. Certification of quorum;
4. Reading and approval of the Minutes of the May 21, 2019 annual stockholders’ meeting and action thereon;
5. Presentation of the annual report and audited financial statements for the year ended December 31, 2019 and action thereon;
6. Ratification and approval of the acts of the Board of Directors and Executive Officers during the year 2019;
7. Appointment of independent auditors;
8. Election of directors, including independent directors;
9. Other matters;
10. Adjournment.

For purposes of the Meeting, only stockholders of record as of the close of business on March 12, 2020 are entitled to notice of, and to vote at, the Meeting. The Definitive Information Statement with the attached Management Report, SEC Form 17-A with the Audited Financial Statements for the period ended December 31, 2019, and the Minutes of the Annual General Stockholders’ Meeting of the Company held on May 21, 2019 may be accessed at the Company’s website https://www.pxpenergy.com.ph/.

The Meeting will be via remote communication only. Stockholders who will attend the Meeting should email the Corporate Secretary at [email protected] on or before July 5, 2020. Certificated shareholders must indicate their Stockholder ID number and submit a scanned copy of a valid current ID. Uncertificated shareholders (shareholders who hold their shares through a PCD Nominee account), should submit a certification from their broker attesting that the stockholder is the beneficial owner of shares of stock of the Company (the number of shares must be indicated) and a valid current ID. Clarificatory questions regarding attendance via remote communication may be sent via email to [email protected].

Once the Company successfully verifies the stockholder’s status, the Company will reply to each stockholder with (1) a link through which the Meeting may be accessed; and (2) with an online ballot or SECURITY CODE to be used for online voting. Questions relating to the Meeting materials may also be sent to [email protected] on or before on or before 12:00 noon on 13 July 2020. Due to time considerations, questions that will not be addressed at the Meeting will be responded to via email.

Proxies. A proxy form that is compliant with the requirements of the Securities and Exchange Commission is attached to the Definitive Information Statement. Stockholders can be represented and vote at the Meeting by submitting the said proxy by email to [email protected] or by sending a physical copy to the Office of the Corporate Secretary at the Company’s principal office at 2/F LaunchPad, Reliance corner Sheridan Streets, Mandaluyong City, Metro Manila. The deadline for the submission of proxies is July 5, 2020. Proxy validation will be on July 8, 2020 at 10:30 a.m. at the Company’s office address indicated above.

Online voting. Secured online or electronic voting will be available for stockholders. Stockholders who have pre-registered attendance via remote communication may vote online by logging on to https://www.pxpenergy.com.ph/agmvote2020/ to cast their votes. Online voting instruction are attached to this Notice as Annex “B”. Online voting will close at 12 noon on July 13, 2020.

Open Forum. Stockholders should send their questions via email to [email protected] on or before 12 noon on July 13, 2020. Officers of the Company will endeavor to answer all questions during the Meeting.