DJ Genel Energy PLC: Results of AGM
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Resolution 12 to re-elect Nazli K. Williams was withdrawn prior to the meeting.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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May 12, 2022 07:49 ET (11:49 GMT)
