TIDMGENL
RNS Number : 3164H
Genel Energy PLC
06 June 2017
6 June 2017
Genel Energy plc
Results of Annual General Meeting
The Annual General Meeting of Genel Energy plc was held today,
Tuesday 6 June 2017, and the results of the poll vote 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 278,784,305 and each share attracted one vote.
Resolutions 6 and 9 to re-elect Simon Lockett and Nathaniel
Rothschild respectively were withdrawn prior to the meeting.
The results were as follows:
Resolutions For % Against % Withheld Total
lodged
---------------------------- ------------ ------ ------------ ------ --------- ------------
1. To receive the
Accounts and the
Reports of the
Directors and the
Auditors for the
year ended 31 December
2016. 188,411,997 89.49 22,120,203 10.51 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
2. To approve the
Remuneration Policy
for Directors. 144,818,609 69.31 64,135,726 30.69 4,000 208,954,335
---------------------------- ------------ ------ ------------ ------ --------- ------------
3. To approve the
Annual Report on
Remuneration for
the year ended
31 December 2016. 144,825,765 69.31 64,130,069 30.69 2,501 208,955,834
---------------------------- ------------ ------ ------------ ------ --------- ------------
4. To re-elect
Mr Murat Özgül
as an Executive
Director. 146,307,797 69.49 64,224,403 30.51 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
5. To elect Mr
Ümit Tolga
Bilgin as a Non-Executive
Director. 101,082,526 48.39 107,795,977 51.61 79,832 208,878,503
---------------------------- ------------ ------ ------------ ------ --------- ------------
7. To re-elect
Mr Mehmet Ö
ütçü
as a Non-Executive
Director. 188,307,797 89.44 22,224,403 10.56 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
8. To re-elect
Mr George Rose
as a Non-Executive
Director. 188,309,849 89.45 22,220,851 10.55 4,000 210,530,700
---------------------------- ------------ ------ ------------ ------ --------- ------------
10. To elect Mr
Stephen Whyte as
a Non-Executive
Director 208,945,300 99.99 10,535 0.01 2,500 208,955,835
---------------------------- ------------ ------ ------------ ------ --------- ------------
11. To re-elect
Mrs Gulsun Nazli
Karamehmet Williams
as a non-executive
director. 146,307,849 69.49 64,224,351 30.51 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
12. To re-appoint
PricewaterhouseCoopers
LLP as the Company's
Auditors. 188,311,643 89.45 22,220,557 10.55 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
13. To authorise
the Board of Directors
to set the Auditors'
fees. 188,315,544 89.45 22,216,656 10.55 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
14. To give the
Company limited
authority to make
political donations
and incur political
expenditure. 165,092,660 78.42 45,439,539 21.58 2,501 210,532,199
---------------------------- ------------ ------ ------------ ------ --------- ------------
15. To authorise
the Company to
purchase its ordinary
shares. 188,412,079 89.49 22,120,121 10.51 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
16. To permit the
Company to hold
general meetings,
other than an annual
general meeting,
on not less than
14 clear days'
notice 188,326,549 89.45 22,205,651 10.55 2,500 210,532,200
---------------------------- ------------ ------ ------------ ------ --------- ------------
Following the result of the resolution in relation to the
re-election of the Chief Executive Officer, the Board of Genel
Energy retains full confidence in Murat Özgül's ability to
successfully deliver the Company strategy and create value for
shareholders.
Tolga Bilgin has not received the required 50% majority of votes
in favour of his election and accordingly has not been appointed as
a Director.
The Board of Directors notes that, although the resolutions to
approve the Directors' Remuneration Policy and Annual Report on
Remuneration were passed with the requisite majority, c.31% of
votes were cast against them. The Board will take note of the
voting and review accordingly.
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 www.hemscott.com/nsm.do.
A copy of the special resolutions (resolutions 15 and 16) passed
at the Annual General Meeting, have been submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do.
The Company also announces that Stephen Mitchell, General
Counsel, has been appointed Company Secretary with immediate
effect.
-ends-
For further information, please contact:
Genel Energy
Phil Corbett, Head of Investor
Relations
Andrew Benbow, Head of Public
Relations +44 20 7659 5100
Vigo Communications
Patrick d'Ancona +44 20 7830 9700
Notes to editors:
Genel Energy is an independent oil and gas exploration and
production company listed on the main market of the London Stock
Exchange (LSE: GENL). The Company, with headquarters in London and
offices in Ankara and Erbil, is one of the largest London-listed
oil producers and the largest holder of reserves and resources in
the Kurdistan Region of Iraq. Through its Miran and Bina Bawi gas
fields, the Company is positioned to be a cornerstone provider of
KRI gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel
also continues to pursue further growth opportunities within the
Middle East and Africa. For further information, please refer to
www.genelenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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