Genel Energy PLC: Result of AGM (812523)
May 16 2019 - 10:01AM
UK Regulatory
Genel Energy PLC (GENL)
Genel Energy PLC: Result of AGM
16-May-2019 / 15:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
16 May 2019
Genel Energy plc
Result of Annual General Meeting
The Annual General Meeting of Genel Energy plc was held today, Thursday, 16
May 2019 and the results of the poll vote by shareholders are set out below.
The number of ordinary shares of GBP0.10p each in the Company in issue at the
date of the meeting was 279,875,973 and each share attracted one vote.
The results were as follows:
Resolutions For % Against % Withheld Total
lodged
1. To receive 190,99 100.00 0 0.00 12,592 190,994
the Accounts 4,878 ,878
and the Reports
of the
Directors and
the Auditors
for the year
ended 31
December 2018
2. To declare a 190,99 99.99 9,677 0.01 2,915 191,004
final 4,878 ,555
distribution of
10 cents per
ordinary share,
to be converted
into pounds
sterling at the
spot rate
prevailing on
24 May 2019
3. To approve 190,32 99.65 668,696 0.35 13,118 190,994
the Annual 5,656 ,352
Report on
Remuneration
for the year
ended 31
December 2018
4. To re-elect 145,42 76.14 45,560,216 23.86 22,766 190,984
Mr Stephen 4,488 ,704
Whyte as a
Non-Executive
Director
5. To elect Dr 191,00 100.00 209 0.00 4,367 191,003
Bill Higgs as 2,894 ,103
an Executive
Director
6. To elect Mr 190,41 99.70 566,603 0.30 22,766 190,984
Esa Ikaheimonen 8,101 ,704
as an Executive
Director
7. To re-elect 190,74 99.87 242,048 0.13 23,244 190,984
Mr Tim Bushell 2,178 ,226
as a
Non-Executive
Director
8. To elect Mr 190,94 99.98 35,534 0.02 23,244 190,984
Martin Gudgeon 8,692 ,226
as a
Non-Executive
Director
9. To re-elect 190,60 99.80 378,662 0.20 23,244 190,984
Mr George Rose 5,564 ,226
as a
Non-Executive
Director
10. To re-elect 168,90 88.44 22,084,147 11.56 23,244 190,984
Mrs Nazli K. 0,079 ,226
Williams as a
Non-Executive
Director
11. To 190,95 99.98 43,218 0.02 11,637 190,995
re-appoint 2,615 ,833
Pricewaterhouse
Coopers LLP as
the Company's
Auditors
12. To 190,62 99.81 371,306 0.19 11,837 190,995
authorise the 4,327 ,633
Board of
Directors to
set the
Auditors' fees
13. To give the 189,92 99.44 1,072,707 0.56 5,200 191,002
Company limited 9,563 ,270
authority to
make political
donations and
incur political
expenditure
14. To 190,97 99.99 27,555 0.01 2,915 191,004
authorise the 7,000 ,555
Company to
purchase its
ordinary shares
15. To permit 190,31 99.64 682,789 0.36 12,265 190,995
the Company to 2,416 ,205
hold general
meetings, other
than an annual
general
meeting, on not
less than 14
clear days'
notice
Following the approval of resolution 2, Genel confirms the payment of a
final dividend of 10¢ per share in relation to the 2018 financial year. The
final dividend payment timetable is below:
· Ex-dividend date: 23 May 2019
· Record Date: 24 May 2019
· Payment Date: 24 June 2019
Genel intends to announce an interim dividend of 5¢ per share as part of the
2019 half-year results, which are scheduled for 6 August 2019.
Genel notes the result of the vote on resolution 4. As announced this
morning, following a successful tenure as Chairman, Stephen Whyte will leave
the Company for new challenges once a suitable successor has been
identified, prior to the next AGM.
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 [1] and on the National Storage Mechanism
www.hemscott.com/nsm.do [2]
A copy of the special resolutions (resolutions 14 and 15) passed at the
Annual General Meeting, have been submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do [2]
-ends-
For further information, please contact:
Genel Energy +44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications +44 20 7830 9700
Patrick d'Ancona
Notes to editors:
Genel Energy is an independent oil and gas exploration and production
company listed on the main market of the London Stock Exchange (LSE: GENL,
LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and
offices in Ankara and Erbil, is one of the largest London-listed independent
oil producers, and is the largest holder of reserves and resources in the
Kurdistan Region of Iraq. Genel has highly cash-generative oil production
from the Taq Taq and Tawke licences, with material growth potential from
other assets in the portfolio. Genel also continues to pursue further growth
opportunities. For further information, please refer to www.genelenergy.com
[1].
ISIN: JE00B55Q3P39
Category Code: RAG
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 8667
EQS News ID: 812523
End of Announcement EQS News Service
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2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b78e8a7665ae1d41c84fd9819f4e2030&application_id=812523&site_id=vwd_london&application_name=news
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