Genel Energy PLC: Results of AGM
Genel Energy PLC (GENL)
Genel Energy PLC: Results of AGM
11-May-2023 / 12:30 GMT/BST
11 May 2023
Genel Energy plc
Results of Annual General Meeting
The Annual General Meeting of Genel Energy plc was held today, Thursday, 11 May 2023 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 279,402,863 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 2022180,244,330
100.00%
223
0.00%
424,770
180,244,553
To declare a final distribution of 12 US cents per ordinary share for the financial year ending 31 December 2022180,660,660
100.00%
223
0.00%
8,440
180,660,883
To approve the Annual Report on Remuneration for the year ended 31 December 2022179,458,267
99.34%
1,190,901
0.66%
20,155
180,649,168
To re-elect Mr David McManus as a Non‑Executive Director176,644,849
97.78%
4,002,689
2.22%
21,785
180,647,538
To re-elect Sir Michael Fallon as a Non‑Executive Director180,542,495
99.94%
115,043
0.06%
11,785
180,657,538
To elect Mr Paul Weir as an Executive Director156,315,486
98.04%
3,127,469
1.96%
21,226,368
159,442,955
To re-elect Mr Ümit Tolga Bilgin as a Non-Executive Director150,256,525
86.38%
23,687,286
13.62%
6,725,512
173,943,811
To elect Ms Canan Ediboglu as Non-Executive Director177,420,793
98.24%
3,184,454
1.76%
64,076
180,605,247
To elect Mr Yetik K. Mert as a Non-Executive Director176,390,155
97.65%
4,252,383
2.35%
26,785
180,642,538
To appoint BDO LLP as the Company’s auditor
180,655,610
100.00%
3,405
0.00%
10,308
180,659,015
To authorise the Directors to set the Auditor’s fees180,654,829
100.00%
4,186
0.00%
10,308
180,659,015
To give the Company limited authority to make political donations and expenditure159,354,002
88.21%
21,302,805
11.79%
12,516
180,656,807
To authorise the Company to purchase its Ordinary Shares159,431,295
88.25%
21,219,237
11.75%
18,791
180,650,532
To permit the Company to hold general meetings, other than an AGM, on not less than 14 clear days’ notice179,824,271
99.54%
836,437
0.46%
8,615
180,660,708
Following the approval of resolution 2, Genel confirms the payment of a final dividend of 12¢ per share in relation to the 2022 financial year. The final dividend payment timetable is below:
Ex-dividend date: 20 April 2023 Record Date: 21 April 2023 Payment Date: 19 May 2023
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 13 and 14) 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:
Andrew Benbow, Head of Communications
+44 20 7659 5100
Vigo Consulting
Patrick d’Ancona
+44 20 7390 0230
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 Kurdistan Region of Iraq, and a committed dividend programme that is material and sustainable. Genel continues to seek opportunities to add new resilient and cash-generative assets to its portfolio, with the goal of progressing its dividend in the long-term. For further information, please refer to www.genelenergy.com
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The issuer is solely responsible for the content of this announcement.
ISIN: JE00B55Q3P39, NO0010894330 Category Code: RAG TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 243134 EQS News ID: 1630875
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