Genel Energy PLC: Result of AGM (812523)

 
 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                          [phone] 
 
Andrew Benbow, Head of Communications 
 
Vigo Communications                   [phone] 
 
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 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3ec46b352f38452116096dbbab51b09e&application_id=812523&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b78e8a7665ae1d41c84fd9819f4e2030&application_id=812523&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

May 16, 2019 10:01 ET (14:01 GMT)