TIDMGKP
RNS Number : 0332D
Gulf Keystone Petroleum Ltd.
21 June 2019
21 June 2019
Gulf Keystone Petroleum Ltd. (LSE: GKP)
("Gulf Keystone", "GKP" or "the Company")
Result of Annual General Meeting
The Board of Gulf Keystone is pleased to announce that all the
resolutions proposed at the Company's Annual General Meeting
("AGM") held today at 10am (local time) in Frankfurt, were duly
passed by shareholders.
The Company continues to analyse its upcoming capital
requirements and expects to initiate a buyback shortly, for an
initial amount of up to $25 million.
The results of the AGM are as follows:
RESOLUTION VOTES FOR % VOTES % VOTES TOTAL % of VOTES WITHHELD
AGAINST ISC
VOTED
1. THAT Deloitte
LLP be re-appointed
as the Company's
auditor to hold
office from the
close of this
meeting until
the close of the
Company's next
annual general
meeting and that
the Board of Directors
be authorised
to determine the
auditor's
remuneration. 139,288,371 99.25 1,053,030 0.75 140,341,401 61.17% 2,399
------------ ------ ----------- ------ ------------ ------- ---------------
2. THAT Mr Jaap
Huijskes, be and
is hereby re-appointed
as a Director
in accordance
with the Byelaws. 137,800,787 98.19 2,542,219 1.81 140,343,006 61.17% 794
------------ ------ ----------- ------ ------------ ------- ---------------
3. THAT Mr Garrett
Soden, be and
is hereby re-appointed
as a Director
in accordance
with the Byelaws. 98,166,668 69.95 42,175,140 30.05 140,341,808 61.17% 1,992
------------ ------ ----------- ------ ------------ ------- ---------------
4. THAT Mr David
Thomas, be and
is hereby re-appointed
as a Director
in accordance
with the Byelaws. 139,019,143 99.06 1,322,763 0.94 140,341,906 61.17% 1,894
------------ ------ ----------- ------ ------------ ------- ---------------
5. THAT Mr Jón
Ferrier, be and
is hereby re-appointed
as a Director
in accordance
with the Byelaws. 139,008,615 99.05 1,333,291 0.95 140,341,906 61.17% 1,894
------------ ------ ----------- ------ ------------ ------- ---------------
6. THAT Mr Sami
Zouari, be and
is hereby re-appointed
as a Director
in accordance
with the Byelaws. 138,525,291 98.71 1,816,521 1.29 140,341,812 61.17% 1,988
------------ ------ ----------- ------ ------------ ------- ---------------
7. THAT Mr Martin
Angle be and is
hereby appointed
as a Director
in accordance
with the Byelaws. 139,593,307 99.47 748,589 0.53 140,341,896 61.17% 1,904
------------ ------ ----------- ------ ------------ ------- ---------------
8. THAT Ms Kimberley
Wood be and is
hereby appointed
as a Director
in accordance
with the Byelaws. 139,612,183 99.48 729,713 0.52 140,341,896 61.17% 1,904
------------ ------ ----------- ------ ------------ ------- ---------------
9. THAT the Directors'
Remuneration Report
as set out in
the Annual Report
for the year ended
31 December 2018
be and is hereby
approved. 133,733,713 95.29 6,607,860 4.71 140,341,573 61.17% 2,227
------------ ------ ----------- ------ ------------ ------- ---------------
10. THAT the
Remuneration
Policy be approved. 138,334,384 98.57 2,007,249 1.43 140,341,633 61.17% 2,167
------------ ------ ----------- ------ ------------ ------- ---------------
11. THAT the dividend
is approved. 139,892,754 99.68 449,123 0.32 140,341,877 61.17% 1,923
------------ ------ ----------- ------ ------------ ------- ---------------
12. *THAT the
Company be generally
and unconditionally
authorised to
make market purchases
of its Common
Shares for up
to 10% of its
issued share capital. 139,277,840 99.66 471,083 0.34 139,748,923 60.91% 594,877
------------ ------ ----------- ------ ------------ ------- ---------------
Special Resolution
13. THAT the Byelaws
be amended. 139,881,366 99.67 460,634 0.33 140,342,000 61.17% 1,800
The Board notes that a number of shareholders voted against
resolution 3, with the result that the resolution did not attain
the support of 80% of shareholders who voted. The Board understands
that this was because of concerns on over-boarding. In accordance
with provision 4 of the 2018 UK Corporate Governance Code, the
Board will consult and engage with shareholders as appropriate. The
Company will provide an update within six months of the AGM, in
accordance with the 2018 UK Corporate Governance Code.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Enquiries:
Celicourt Communications: +44 (0) 20 7520 9266
Mark Antelme
Jimmy Lea
or visit: www.gulfkeystone.com
*In the Notice of Annual General Meeting 2019, Resolution 12
incorrectly stated the figure of 29,210,524 instead of 22,942,956
was used to represent 10% of the Company's issued common share
capital. This was noted by the Chairman during the Meeting and
corrected. The Resolution remains valid as it stands.
Notes to Editors:
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent
operator and producer in the Kurdistan Region of Iraq. Further
information on Gulf Keystone is available on its website
www.gulfkeystone.com
Disclaimer
This announcement contains certain forward-looking statements
that are subject to the risks and uncertainties associated with the
oil & gas exploration and production business. These statements
are made by the Company and its Directors in good faith based on
the information available to them up to the time of their approval
of this announcement but such statements should be treated with
caution due to inherent risks and uncertainties, including both
economic and business factors and/or factors beyond the Company's
control or within the Company's control where, for example, the
Company decides on a change of plan or strategy. This announcement
has been prepared solely to provide additional information to
shareholders to assess the Group's strategies and the potential for
those strategies to succeed. This announcement should not be relied
on by any other party or for any other purpose.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 21, 2019 05:34 ET (09:34 GMT)
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