Genel Energy PLC: Results of AGM
Genel Energy PLC (GENL)
Genel Energy PLC: Results of AGM
12-May-2022 / 12:48 GMT/BST
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12 May 2022
Genel Energy plc
Results of Annual General Meeting 12 May 2022
The Annual General Meeting of Genel Energy plc was held today, Thursday, 12 May 2022 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 278,436,192 and each share attracted one vote.
Resolution 12 to re-elect Nazli K. Williams was withdrawn prior to the meeting.
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 2021211,120,476
100.00%
0
0.00%
303,433
211,120,476
To declare a final distribution of 12 US cents per ordinary share for the financial year ending 31 December 2021211,423,909
100.00%
0
0.00%
0
211,423,909
To approve the Annual Report on Remuneration for the year ended 31 December 2021211,269,755
99.94%
133,909
0.06%
20,245
211,403,664
To re-elect Mr David McManus as a Non‑Executive Director163,024,465
77.11%
48,380,112
22.89%
19,332
211,404,577
To re-elect Dr Bill Higgs as an Executive Director95,126,814
45.00%
116,277,763
55.00%
19,332
211,404,577
To re-elect Sir Michael Fallon as a Non‑Executive Director189,786,334
89.77%
21,632,686
10.23%
4,889
211,419,020
To re-elect Mr Ümit Tolga Bilgin as a Non-Executive Director190,039,331
89.89%
21,365,246
10.11%
19,332
211,404,577
To re-elect Mr Tim Bushall as a Non-Executive Director94,806,286
44.85%
116,598,291
55.15%
19,332
211,404,577
To elect Ms Canan Ediboglu as Non-Executive Director210,883,422
99.75%
535,598
0.25%
4,889
211,419,020
To re-elect Mr Hassan Gozal as a Non-Executive Director93,200,935
44.09%
118,202,642
55.91%
20,332
211,403,577
To elect Mr Yetik K. Mert as a Non-Executive Director211,331,600
99.97%
71,977
0.03%
20,332
211,403,577
To appoint BDO LLP as the Company’s auditor
211,402,641
99.99%
16,943
0.01%
4,325
211,419,584
To authorise the Directors to set the Auditor’s fees211,403,995
100.00%
2,000
0.00%
17,914
211,405,995
To give the Company limited authority to make political donations and expenditure157,859,513
99.91%
144,513
0.09%
53,419,883
158,004,026
To authorise the Company to purchase its Ordinary Shares148,624,792
70.31%
62,768,302
29.69%
30,815
211,393,094
To permit the Company to hold general meetings, other than an AGM, on not less than 14 clear days’ notice211,283,982
99.94%
136,602
0.06%
3,325
211,420,584
Bill Higgs, Tim Bushell, and Hassan Gozal did not receive the required 50% majority of votes in favour of election and accordingly have not been reappointed as Directors. The market will be updated in due course once the Board has considered the implications of the vote.
The Board of Directors notes that, although resolutions 4 and 16 were passed with the requisite majority, c.77% and c.70% of votes were cast against respectively. The Board will take note of the voting and engage with shareholders.
Following the approval of resolution 2, Genel confirms the payment of a final dividend of 12¢ per share in relation to the 2021 financial year. The final dividend payment timetable is below:
Ex-dividend date: 14 April 2022 Record Date: 19 April 2022 Payment Date: 18 May 2022
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 16 and 17) 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 Consulting
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 Sarta, 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 progressive dividend. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.
ISIN: JE00B55Q3P39, NO0010894330 Category Code: RAG TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 161382 EQS News ID: 1351191
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