Soco International PLC Result of AGM (6654Q)

TIDMSIA

RNS Number : 6654Q

Soco International PLC

07 June 2018

7 June 2018

SOCO International plc

('SOCO' or 'the Company')

RESULTS OF ANNUAL GENERAL MEETING

The Company announces that at its Annual General Meeting ("AGM") held today at The Bulgari Hotel, 171 Knightsbridge, London SW7 1DW, all resolutions put before the meeting were duly passed on a show of hands.

In accordance with LR 9.6.2, copies of resolutions concerning items other than ordinary business are being submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

On the date of the meeting, SOCO's capital consisted of 341,076,911 ordinary shares of GBP0.05 each with voting rights; 9,122,268 shares were in Treasury and therefore, the total number of voting rights was 331,954,643. Details of the proxy votes received by the Company before the AGM in respect of each resolution are shown in the table below and will shortly be available on the Company's website, www.socointernational.com:

 
   Resolution              Votes in                                                         Total 
                           Favour                  %             Votes        %             Votes                  Votes 
                           (Including                            Against                    (excluding             Withheld 
                           Discretionary)                                                   votes 
                                                                                            withheld) 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 1. To receive 
  and adopt 
  the Annual 
  Report and 
  Accounts for 
  the financial 
  year ended 31 
  December 
  2017.                  212,374,751         100.00%        7,500         0.00%       212,382,251                0 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 2. To declare a 
  final 
  dividend of 
  5.25p per 
  share.                212,382,251         100.00%           0           0.00%       212,382,251                0 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 3. To approve 
  the Directors' 
  Remuneration 
  Report 
  included 
  in the Annual 
  Report 
  and Accounts 
  for the 
  financial year 
  ended 
  31 December 
  2017.                 178,389,045         93.48%        12,443,905      6.52%       190,832,950           21,549,300 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 4. To reappoint 
  Rui C 
  de Sousa, who 
  is Chairman 
  of the 
  Nominations 
  Committee, 
  as a Director.        207,802,799         98.81%        2,509,114       1.19%       210,311,913            2,070,337 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 5. To reappoint 
  Edward 
  T Story, who 
  is a member 
  of the 
  Nominations 
  Committee, 
  as a Director.        209,026,678         98.42%        3,348,487       1.58%       212,375,165              7,086 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 6. To reappoint 
  Robert 
  G Gray, who is 
  Chairman 
  of the Audit & 
  Risk Committee 
  and a member 
  of the 
  Remuneration 
  and 
  Nominations 
  Committees, 
  as a Director.        203,258,561         95.71%        9,116,603       4.29%       212,375,164              7,086 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 7. Resolution 7 
 - withdrawn*. 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 8. To reappoint 
  Ettore 
  P M Contini as 
  a Director.           211,170,467         99.43%        1,203,787       0.57%       212,374,254              7,996 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 9. To reappoint 
  António 
  V M Monteiro, 
  who is 
  the Chairman 
  of the 
  Remuneration 
  Committee and 
  a member 
  of the Audit & 
  Risk and 
  Nominations 
  Committees, 
  as a Director.        203,511,210         95.83%        8,863,955       4.17%       212,375,165              7,086 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 10. To 
  reappoint 
  Janice 
  M Brown as a 
  Director.             210,103,982         98.94%        2,257,673       1.06%       212,361,655             20,596 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 11. To 
  reappoint 
  Michael 
  J Watts as a 
  Director.             210,242,724         99.00%        2,118,931       1.00%       212,361,655             20,596 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 12. To 
  reappoint 
  Deloitte 
  LLP as 
  Auditors to 
  hold 
  office until 
  the conclusion 
  of the next 
  Annual General 
  Meeting at 
  which accounts 
  are laid 
  before the 
  Company.              209,480,572         99.09%        1,925,998       0.91%       211,406,570             975,680 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 13. To 
  authorise the 
  Audit & Risk 
  Committee, 
  for and on 
  behalf of 
  the Directors, 
  to agree 
  the Auditors' 
  remuneration.         206,257,864         97.15%        6,049,744       2.85%       212,307,608             74,642 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 14. To 
  authorise the 
  Directors to 
  allot 
  securities 
  (s.551 of the 
  Companies 
  Act 2006).            211,655,377         99.66%         726,874        0.34%       212,382,251                0 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 15. To disapply 
  pre-emption 
  rights (s.570 
  and s.573 
  of the 
  Companies Act 
  2006)                 212,331,241         99.98%          51,010        0.02%       212,382,251                0 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 16. To disapply 
  pre-emption 
  rights (s.570 
  and s.573 
  of the 
  Companies Act 
  2006) up to a 
  further 
  5% for 
  acquisitions 
  or 
  specified 
  capital 
  investments.          212,064,083         99.85%         309,432        0.15%       212,373,515              8,735 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 17. To 
  authorise the 
  Company to 
  repurchase 
  its own Shares 
  (s.701 
  of the 
  Companies Act 
  2006).                212,092,249         99.88%         262,332        0.12%       212,354,581             27,669 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 18. To 
  authorise the 
  Directors to 
  call general 
  meetings of 
  the Company 
  (other than an 
  annual 
  general 
  meeting) on 
  not 
  less than 14 
  clear days' 
  notice.               209,336,063         98.57%        3,046,188       1.43%       212,382,251                0 
----------------  -----------------------  ---------  ------------------  -----  ---------------------  ------------------- 
 

*Following the Company's announcement on 22 May 2018 that Olivier Barbaroux will retire at the conclusion of the AGM, resolution 7, to reappoint Olivier M G Barbaroux as a Director was accordingly withdrawn at today's AGM.

ENQUIRIES:

SOCO International plc Tel: [phone]

Ed Story, President and Chief Executive Officer

Jann Brown, Managing Director and Chief Financial Officer

Mike Watts, Managing Director

Sharan Dhami, Group Investor Relations Manager

Camarco Tel: [phone]

Billy Clegg

Georgia Edmonds

Owen Roberts

NOTES TO EDITORS

SOCO is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.

SOCO holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam.

SOCO holds a 25% working interest in the Ca Ngu Vang field of Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Block 9-2 is located in the shallow water Cuu Long Basin, offshore southern Vietnam.

SOCO holds a 40.39% interest in and is designated operator of the Marine XI Block, located in the shallow water Lower Congo Basin offshore, offshore the Republic of Congo (Brazzaville).

SOCO holds a 22% interest in the Production Sharing Agreement for the Cabinda North Block onshore the Angolan enclave of Cabinda.

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June 07, 2018 06:40 ET (10:40 GMT)