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Resolution 12 to re-elect Nazli K. Williams was withdrawn prior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
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Consulting
+44 20 7830 9700
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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