DJ Result of AGM
Gulf Keystone Petroleum Ltd (GKP) Result of AGM 16-Jun-2023 / 12:00 GMT/BST
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16 June 2023
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 10 A.M (CET) via webcast, were duly passed by shareholders.
The results of the AGM are as follows:
VOTES % of VOTES
RESOLUTION VOTES FOR % AGAINST % VOTES TOTAL ISC WITHHELD
VOTED
1. THAT BDO LLP be appointed as the
Company's auditor to hold office from the close
of this meeting until the close of the Company's 107,099,352 99.87% 142,982 0.13% 107,242,334 48.21% 9,318
next annual general meeting and that the Board
of Directors be authorised to determine the
auditor's remuneration.
2. THAT Mr Martin Angle, be and is hereby
re-appointed as a Director in accordance with 105,320,579 98.26% 1,861,661 1.74% 107,182,240 48.18% 69,412
the Bye-laws.
3. THAT Ms Kimberley Wood, be and is
hereby re-appointed as a Director in accordance 105,579,391 98.50% 1,602,849 1.50% 107,182,240 48.18% 69,318
with the Bye-laws.
4. THAT Ms Wanda Mwaura, be and is hereby
appointed as a Director in accordance with the 107,059,895 99.83% 178,646 0.17% 107,238,541 48.21% 13,111
Bye-laws.
5. THAT Mr David Thomas, be and is hereby
re-appointed as a Director in accordance with 106,070,150 98.78% 1,310,874 1.22% 107,381,024 48.27% 13,153
the Bye-laws.
6. THAT Mr Jon Harris be and is hereby
appointed as a Director in accordance with the 106,040,268 98.88% 1,202,066 1.12% 107,242,334 48.21% 9,318
Bye-laws.
7. THAT Mr Ian Weatherdon, be and is
hereby re-appointed as a Director in accordance 62,922,575 58.68% 44,315,924 41.32% 107,238,499 48.21% 13,153
with the Bye-laws.
8. THAT the Directors' Remuneration
Report as set out in the Annual Report for the 64,058,721 59.66% 43,311,067 40.34% 107,369,788 48.27% 24,389
year ended 31 December 2022 be and is hereby
approved.
9. THAT the Company be generally and
unconditionally authorised to make market 106,645,228 99.53% 499,499 0.47% 107,144,727 48.17% 106,925
purchases of its Common Shares.
10. THAT the Bye-laws be amended pursuant 73,860,203 98.82% 881,986 1.18% 74,742,189 33.60% 32,651,988
to Byelaw 166.
The Board notes that Resolutions 7 and 8 were duly passed but did not attain the support of more than 80% of shareholders who voted. As set out in provision 4 of the 2018 UK Corporate Governance Code, the Board will consult and engage with the Company's shareholders as appropriate and will provide an update within six months of the AGM.
Regarding resolutions 7 and 8, substantially all the votes against were from two shareholders in each case. The Board continues to hold every confidence in the Chief Financial Officer, recognising the value and contribution he brings to the Company. The Board continually strives to ensure its remuneration policies support the Company's strategy and are in line with market practices and remains committed to soliciting input from shareholders.
Enquiries:
Gulf Keystone: +44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations aclark@gulfkeystone.com
FTI Consulting: + 44 (0) 20 3727 1000
Ben Brewerton
gkp@fticonsulting.com
Nick Hennis
or visit: www.gulfkeystone.com
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.
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: BMG4209G2077 Category Code: MSCM TIDM: GKP LEI Code: 213800QTAQOSSTNTPO15 Sequence No.: 251602 EQS News ID: 1659351 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
June 16, 2023 07:00 ET (11:00 GMT)
