Gulf Keystone Petroleum Ltd (GKP)
Result of AGM
16-Jun-2023 / 12:00 GMT/BST
16 June 2023
Gulf Keystone Petroleum Ltd. (LSE: GKP)
(“Gulf Keystone”, “GKP” or “the Company”)
Result of Annual General Meeting
The Board of Gulf Keystone is pleased to announce that all the resolutions proposed at the Company's Annual General Meeting ("AGM") held today at 10 A.M (CET) via webcast, were duly passed by shareholders.
The results of the AGM are as follows:
RESOLUTION
VOTES FOR
%
VOTES AGAINST
%
VOTES TOTAL
% of ISC VOTED
VOTES WITHHELD
THAT BDO LLP be appointed as the Company’s auditor to hold office from the close of this meeting until the close of the Company’s next annual general meeting and that the Board of Directors be authorised to determine the auditor’s remuneration.107,099,352
99.87%
142,982
0.13%
107,242,334
48.21%
9,318
THAT Mr Martin Angle, be and is hereby re-appointed as a Director in accordance with the Bye-laws.105,320,579
98.26%
1,861,661
1.74%
107,182,240
48.18%
69,412
THAT Ms Kimberley Wood, be and is hereby re-appointed as a Director in accordance with the Bye-laws.105,579,391
98.50%
1,602,849
1.50%
107,182,240
48.18%
69,318
THAT Ms Wanda Mwaura, be and is hereby appointed as a Director in accordance with the Bye-laws.107,059,895
99.83%
178,646
0.17%
107,238,541
48.21%
13,111
THAT Mr David Thomas, be and is hereby re-appointed as a Director in accordance with the Bye-laws.106,070,150
98.78%
1,310,874
1.22%
107,381,024
48.27%
13,153
THAT Mr Jon Harris be and is hereby appointed as a Director in accordance with the Bye-laws.106,040,268
98.88%
1,202,066
1.12%
107,242,334
48.21%
9,318
THAT Mr Ian Weatherdon, be and is hereby re-appointed as a Director in accordance with the Bye-laws.62,922,575
58.68%
44,315,924
41.32%
107,238,499
48.21%
13,153
THAT the Directors’ Remuneration Report as set out in the Annual Report for the year ended 31 December 2022 be and is hereby approved.64,058,721
59.66%
43,311,067
40.34%
107,369,788
48.27%
24,389
THAT the Company be generally and unconditionally authorised to make market purchases of its Common Shares.106,645,228
99.53%
499,499
0.47%
107,144,727
48.17%
106,925
THAT the Bye-laws be amended pursuant to Byelaw 166.73,860,203
98.82%
881,986
1.18%
74,742,189
33.60%
32,651,988
The Board notes that Resolutions 7 and 8 were duly passed but did not attain the support of more than 80% of shareholders who voted. As set out in provision 4 of the 2018 UK Corporate Governance Code, the Board will consult and engage with the Company’s shareholders as appropriate and will provide an update within six months of the AGM.
Regarding resolutions 7 and 8, substantially all the votes against were from two shareholders in each case. The Board continues to hold every confidence in the Chief Financial Officer, recognising the value and contribution he brings to the Company. The Board continually strives to ensure its remuneration policies support the Company’s strategy and are in line with market practices and remains committed to soliciting input from shareholders.
Enquiries:
Gulf Keystone:
+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
aclark@gulfkeystone.com
FTI Consulting:
+ 44 (0) 20 3727 1000
Ben Brewerton
Nick Hennis
gkp@fticonsulting.com
or visit: www.gulfkeystone.com
Notes to Editors:
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com
Disclaimer
This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil gas exploration and production business. These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: BMG4209G2077 Category Code: MSCM TIDM: GKP LEI Code: 213800QTAQOSSTNTPO15 Sequence No.: 251602 EQS News ID: 1659351
End of Announcement EQS News Service