TIDMLEK

RNS Number : 1409N

Lekoil Limited

27 May 2022

27 May 2022

Lekoil Limited

("LEKOIL" or the "Company")

Results of Extraordinary General Meeting

LEKOIL (AQSE: LEK), the oil and gas company with a focus on Nigeria, is pleased to announce the results of the Company's Extraordinary Meeting ("EGM") held on 27 May 2022.

Following a vote by shareholders with a combined share capital of 367,104,537 ordinary shares representing 48% of the issued share capital of the Company, results on each of the resolutions put to the EGM are as set out below. Resolutions 1 and 2 were ordinary resolutions requiring a simple majority of votes cast to pass. Both resolutions put to the meeting were duly passed.

 
 Resolution   Voting Result 
 
 
   For   Against 
 
 
 1. To appoint Bright Grahame 
  Murray as the Auditors of the 
  Company to hold office from 
  the conclusion of the EGM until 
  the conclusion of the next 
  general meeting of the Company 
  at which accounts are laid 
  before the meeting.                315,294,648   86%    51,809,889   14% 
 2. To authorise the Directors 
  to fix the remuneration of 
  the Auditors.                      367,104,537   100%       0        0% 
                                    ------------  -----  -----------  ----

Anthony Hawkins, the Company's Interim Executive Chairman commented:

"The Company would like to thank its shareholders for approving both resolutions at the EGM. The Company will continue with the work necessary to have the Company's shares unsuspended and continue with the steps necessary to recover its investments in the Lekoil Group."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

For further information, please visit www.lekoilplc.com or contact:

 
First Sentinel Corporate Finance Ltd (AQSE 
 Corporate Adviser) 
 Brian Stockbridge                                +44 203 989 2200 
Tennyson Securities (Broker) 
 Peter Krens                                      +44 20 7186 9030 
                                              -------------------- 
Camarco (Financial PR Advisor) 
 Billy Clegg / Owen Roberts / Violet Wilson       +44 20 3757 4983 
                                              --------------------

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END

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(END) Dow Jones Newswires

May 27, 2022 11:29 ET (15:29 GMT)

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