Genel Energy PLC: Result of AGM
Genel Energy PLC (GENL)
Genel Energy PLC: Result of AGM
14-May-2020 / 11:30 GMT/BST
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14 May 2020
Genel Energy plc
Results of Annual General Meeting 14 May 2020
The Annual General Meeting of Genel Energy plc was held today, Thursday 14 May 2020, and the results of the votes by shareholders are set out below. The number of ordinary shares of £0.10p each in the Company in issue at the date of the meeting was 277,670,478 and each share attracted one vote.
The results were as follows:
Resolutions
For
%
Against
%
Withheld
Total lodged
To receive the audited financial statements of the Company for the year ended 31 December 2019201,654,056
100.00%
600
0.00%
12,712
201,669,968
To declare a final distribution of 10 US cents per ordinary share for the financial year ending 31 December 2019201,654,656
99.99%
12,712
0.01%
0
201,669,968
To approve the Remuneration Policy for Directors199,377,586
99.76%
473,925
0.24%
1,815,857
201,669,968
To approve the Annual Report on Remuneration for the year ended 31 December 2019196,814,878
97.70%
4,636,633
2.30%
215,857
201,669,968
To elect Mr David McManus as a Non‑Executive Director200,533,968
99.44%
1,119,431
0.56%
13,969
201,669,968
To re-elect Dr Bill Higgs as an Executive Director201,653,242
100.00%
157
0.00%
13,969
201,669,968
To re-elect Mr Esa Ikaheimonen as an Executive Director201,603,909
99.97%
49,490
0.02%
13,969
201,669,968
To elect Sir Michael Fallon as a Non‑Executive Director179,758,670
99.72%
493,294
0.27%
21,415,404
201,669,968
To re-elect Mr Tim Bushell as a Non‑Executive Director201,127,639
99.74%
525,760
0.26%
13,969
201,669,968
To re-elect Mr Martin Gudgeon as a Non-Executive Director201,179,274
99.76%
473,925
0.24%
14,169
201,669,968
To re-elect Mr George Rose as a Non-Executive Director201,169,590
99.76%
483,809
0.24%
13,969
201,669,968
To re-elect Mrs Nazli K Williams as a Non-Executive Director180,431,952
89.48%
21,221,447
10.52%
13,969
201,669,968
To elect Mr Ümit Tolga Bilgin as a Non-Executive Director201,171,935
99.76%
481,364
0.24%
13,969
201,669,868
To elect Mr Hassan Gozal as a Non-Executive Director179,964,216
89.24%
21,689,183
10.76%
13,969
201,669,968
To re-appoint PricewaterhouseCoopers as the Company's auditor201,647,956
100.00%
6,500
0.00%
12,912
201,669,968
To authorise the Directors to set the Auditor's fees201,654,456
100.00%
0
0.00%
12,912
201,669,968
To give the Company limited authority to make political donations and expenditure198,355,538
98.36%
3,311,830
1.64%
0
201,669,968
To authorise the Company to purchase its Ordinary Shares200,042,468
99.20%
1,613,364
0.80%
11,536
201,669,968
To permit the Company to hold general meetings, other than an AGM, on not less than 14 clear days' notice201,142,734
99.74%
524,484
0.26%
150
201,669,968
The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.genelenergy.com and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
A copy of the special resolutions (resolutions 18 and 19) passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
-ends-
For further information, please contact:
Genel Energy
Andrew Benbow, Head of Communications
+44 20 7659 5100
Vigo Communications
Patrick d'Ancona
+44 20 7830 9700
Notes to editors:
Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Taq Taq and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.
ISIN: JE00B55Q3P39 Category Code: RAG TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 63703 EQS News ID: 1045049
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