Genel Energy PLC: Results of AGM (1351191)

Genel Energy PLC (GENL) Genel Energy PLC: Results of AGM 12-May-2022 / 12:48 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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12 May 2022

Genel Energy plc

Results of Annual General Meeting 12 May 2022

The Annual General Meeting of Genel Energy plc was held today, Thursday, 12 May 2022 and the results of the votes 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 278,436,192 and each share attracted one vote.

Resolution 12 to re-elect Nazli K. Williams was withdrawn prior to the meeting.

The results were as follows:

Resolutions                                               For         %       Against     %      Withheld   Total 
                                                                                                            lodged 
 1. To receive the audited financial statements 
    of the Company for the year ended 31 December 2021    211,120,476 100.00% 0           0.00%  303,433    211,120,476 
 
 2. To declare a final distribution of 12 US 
    cents per ordinary share for the financial year       211,423,909 100.00% 0           0.00%  0          211,423,909 
    ending 31 December 2021 
 3. To approve the Annual Report on 
    Remuneration for the year ended 31 December 2021      211,269,755 99.94%  133,909     0.06%  20,245     211,403,664 
 
 4. To re-elect Mr David McManus as a Non-      163,024,465 77.11%  48,380,112  22.89% 19,332     211,404,577 
    Executive Director 
 5. To re-elect Dr Bill Higgs as an Executive   95,126,814  45.00%  116,277,763 55.00% 19,332     211,404,577 
    Director 
 6. To re-elect Sir Michael Fallon as a Non-    189,786,334 89.77%  21,632,686  10.23% 4,889      211,419,020 
    Executive Director 
 7. To re-elect Mr Ümit Tolga Bilgin as a       190,039,331 89.89%  21,365,246  10.11% 19,332     211,404,577 
    Non-Executive Director 
 8. To re-elect Mr Tim Bushall as a             94,806,286  44.85%  116,598,291 55.15% 19,332     211,404,577 
    Non-Executive Director 
 9. To elect Ms Canan Ediboglu as Non-Executive 210,883,422 99.75%  535,598     0.25%  4,889      211,419,020 
    Director 
10. To re-elect Mr Hassan Gozal as a            93,200,935  44.09%  118,202,642 55.91% 20,332     211,403,577 
    Non-Executive Director 
11. To elect Mr Yetik K. Mert as a              211,331,600 99.97%  71,977      0.03%  20,332     211,403,577 
    Non-Executive Director 
13. To appoint BDO LLP as the Company's auditor 
                                                  211,402,641 99.99%  16,943      0.01%  4,325      211,419,584 
 
14. To authorise the Directors to set the       211,403,995 100.00% 2,000       0.00%  17,914     211,405,995 
    Auditor's fees 
15. To give the Company limited authority to    157,859,513 99.91%  144,513     0.09%  53,419,883 158,004,026 
    make political donations and expenditure 
16. To authorise the Company to purchase its    148,624,792 70.31%  62,768,302  29.69% 30,815     211,393,094 
    Ordinary Shares 
17. To permit the Company to hold general 
    meetings, other than an AGM, on not less than 14      211,283,982 99.94%  136,602     0.06%  3,325      211,420,584 
    clear days' notice 

Bill Higgs, Tim Bushell, and Hassan Gozal did not receive the required 50% majority of votes in favour of election a nd accordingly have not been reappointed as Directors. The market will be updated in due course once the Board has considered the implications of the vote.

The Board of Directors notes that, although resolutions 4 and 16 were passed with the requisite majority, c.77% and c.70% of votes were cast against respectively. The Board will take note of the voting and engage with shareholders.

Following the approval of resolution 2, Genel confirms the payment of a final dividend of 12¢ per share in relation to the 2021 financial year. The final dividend payment timetable is below:

-- Ex-dividend date: 14 April 2022

-- Record Date: 19 April 2022

-- Payment Date: 18 May 2022

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 and on the National Storage Mechanism https:// data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the special resolutions (resolutions 16 and 17) passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/ nationalstoragemechanism.

-ends-

For further information, please contact:

Genel Energy 
                                       [phone] 
Andrew Benbow, Head of Communications 
 
Vigo Consulting 
                                       [phone] 
Patrick d'Ancona 

Notes to editors:

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and progressive dividend. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.

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ISIN:          JE00B55Q3P39, NO0010894330 
Category Code: RAG 
TIDM:          GENL 
LEI Code:      549300IVCJDWC3LR8F94 
Sequence No.:  161382 
EQS News ID:   1351191 
 
End of Announcement  EQS News Service 
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May 12, 2022 07:49 ET (11:49 GMT)