Gulfsands Petroleum PLC Result of AGM (7104R)

TIDMGPX

RNS Number : 7104R

Gulfsands Petroleum PLC

30 June 2015

Gulfsands Petroleum Plc

Results of Annual General Meeting

30 June 2015

Gulfsands Petroleum Plc ("Gulfsands" or the "Company"), the AIM listed oil and gas company (AIM:GPX) with activities in Syria, Morocco, Tunisia and Colombia, presents the following report on the resolutions put to shareholders at the Annual General Meeting ("AGM") of the Company held today at 11.00am, pursuant to the Notice of the meeting dated 8 June 2015:

   --     Resolutions 1, 3, 4, 5, 6, 8, 9, 10, 11 and 12, were all passed on a show of hands.

-- Resolution 2 was not passed; voting was conducted by way of a poll with 23,450,762 (31.68%) cast in favour and 50,588,797 (68.32%) cast against the resolution.

   --     Resolution 7 was withdrawn.

Following the AGM, the Directors who hold office are as follows:

   --     Alastair Beardsall, Executive Chairman 
   --     Alan Cutler, Director of Finance and Administration 
   --     Joe Darby, Senior Independent Non-executive Director, Chairman of the Remuneration Committee 
   --     Andrew Morris, Non-executive Director, Chairman of the Audit Committee 
   --     Andrew West, Non-executive Director 
   --     James Ede-Golightly, Non-executive Director 
   --     John Bell, Non-executive Director

The following proxy votes appointing the Chairman to vote were as follows

 
 Resolution   In Favour      %     Discretion    %      Against       %     Withheld 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     1        74,013,820   99.98        1,631   0.01        7,190   0.01       23,872 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     2        23,438,085   31.65        1,381   0.01   50,588,797   68.34      18,250 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     3        62,852,674   84.90        1,381   0.01   11,174,458   15.09      18,000 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     4        57,972,210   78.31        1,381   0.01   16,050,172   21.68      22,750 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     5        59,484,342   80.35        1,381   0.01   14,538,040   19.64      22,750 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     6        54,625,250   73.79        1,381   0.01   19,396,882   26.20      23,000 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     7        14,758,439   19.93        1,381   0.01   59,268,443   80.06      18,250 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     8        70,663,860   95.45        1,381   0.01    3,363,022   4.54       18,250 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     9        65,334,174   99.98        1,381   0.01        7,440   0.01    8,703,518 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     10       74,019,692   99.98        1,381   0.01        2,440   0.01       23,000 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     11       65,334,424   88.25        1,381   0.01    8,692,708   11.74      18,000 
-----------  -----------  ------  -----------  -----  -----------  ------  ---------- 
     12       62,823,544   84.86        1,682   0.01   11,201,458   15.13      19,829 
-----------  -----------  ------  -----------  -----  -----------  ------  ----------

i. Proxy votes granted to the chairman of the meeting at his discretion are counted as votes "for" the Resolutions

   ii.    Percentages are expressed as a proportion of the total votes cast (excluding withheld votes)

iii. A vote withheld is not a vote in law and is not counted in the calculation of the votes cast "for" or "against" a Resolution

The Company's Executive Chairman, Alastair Beardsall, said:

"On behalf of the Board and shareholders I would like to thank Mahdi Sajjad and Ian Conway for their time as serving directors. Ian remains as an Executive with his responsibilities for technical and operational matters. Mahdi leaves the Board and I wish him well in his future ventures."

For further information, please refer to the Company's website www.gulfsands.com or contact:

 
 Gulfsands Petroleum Plc 
  Alastair Beardsall, Chairman    +44 (0)20 7024 2130 
 Cantor Fitzgerald Europe 
  Sarah Wharry 
  David Porter                    +44 (0)20 7894 7000 
 First Energy Capital 
  Jonathan Wright                 +44 (0)20 7448 0220

This information is provided by RNS

The company news service from the London Stock Exchange

END

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