BowLeven Plc Result of Annual General Meeting (2802Z)

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RNS Number : 2802Z

BowLeven Plc

13 December 2017

13 December 2017

Bowleven plc ("Bowleven" or the "Company")

RESULT OF Annual General Meeting

Bowleven held its Annual General Meeting (the "AGM") earlier today. Each resolution put to the AGM is set out in full in the Notice of AGM and summarised in the table in the Appendix together with the results of the vote. Each shareholder present in person or by proxy was entitled to one vote per share held.

Resolutions 1 and 3 to 7 were passed. Resolution 2 (relating to the election of Mr Joe Darby as a director) was not passed.

Notification of Board changes

Joe Darby

As a consequence of the business conducted at the AGM, Joe Darby ceased office as a Non-Executive Director with immediate effect. The Company would like to thank Mr Darby for his service to Bowleven and for the valuable role he played for Bowleven.

Chris Ashworth

Mr Chris Ashworth, Chairman of Bowleven plc, announced that he had been informed prior to the meeting that the continuing directors will propose a resolution for his removal as Chairman, and as a Director of the Company, at the next meeting of the Board of Directors. The Company informed the AGM that a search process for a new independent Director had formally commenced.

Appendix

Results of vote at AGM

 
 RESOLUTION                            FOR         %      AGAINST       % 
--------------------------------  ------------  ------  -----------  ------ 
 Resolution 1 (Ordinary) 
  Annual Report and Accounts        99,377,241   95.43    4,753,658    4.57 
--------------------------------  ------------  ------  -----------  ------ 
 Resolution 2 (Ordinary) 
  Re-elect Joe Darby                12,023,980   11.55   92,107,433   88.45 
--------------------------------  ------------  ------  -----------  ------ 
 Resolution 3 (Ordinary) 
  Re-elect Matt McDonald            99,453,494   96.44    3,674,340    3.56 
--------------------------------  ------------  ------  -----------  ------ 
 Resolution 4 (Ordinary) 
  Re-appointment of Auditor        101,245,068   99.46      552,766    0.54 
--------------------------------  ------------  ------  -----------  ------ 
 Resolution 5 (Ordinary) 
  Auditor's Remuneration           102,766,277   99.86      144,890    0.14 
--------------------------------  ------------  ------  -----------  ------ 
 Resolution 6 (Ordinary) 
  Allot Relevant Securities        102,130,460   99.24      780,753    0.76 
--------------------------------  ------------  ------  -----------  ------ 
 Resolution 7 (Special) 
  Disapplication of Pre-emption 
  Rights                           100,760,389   97.91    2,150,522    2.09 
--------------------------------  ------------  ------  -----------  ------ 
 

ENQUIRIES

For further information, please contact:

Bowleven plc

   Christopher Ashworth, Chairman                               00 44 131 524 5678 

Eli Chahin, Chief Executive

Brunswick Group LLP

   Patrick Handley                                                           00 44 207 404 5959 

Will Rowberry

Cenkos Securities plc (NOMAD)

   Derrick Lee                                                                 00 44 131 220 6939 

Neil McDonald

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 13, 2017 11:30 ET (16:30 GMT)