GKP Gulf Keystone Petroleum Ltd.

Result of AGM

Gulf Keystone Petroleum Ltd (GKP)
Result of AGM

16-Jun-2023 / 12:00 GMT/BST

 

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:

 

 RESOLUTION

VOTES FOR

%

VOTES AGAINST

%

VOTES TOTAL

% of ISC VOTED

VOTES WITHHELD
  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 next annual general meeting and that the Board of Directors be authorised to determine the auditor’s remuneration.

107,099,352

99.87%

142,982

0.13%

107,242,334

48.21%

9,318
  1. THAT Mr Martin Angle, be and is hereby re-appointed as a Director in accordance with the Bye-laws.

105,320,579

98.26%

1,861,661

1.74%

107,182,240

48.18%

69,412
  1. THAT Ms Kimberley Wood, be and is hereby re-appointed as a Director in accordance with the Bye-laws.

105,579,391

98.50%

1,602,849

1.50%

107,182,240

48.18%

69,318
  1. THAT Ms Wanda Mwaura, be and is hereby appointed as a Director in accordance with the Bye-laws.

107,059,895

99.83%

178,646

0.17%

107,238,541

48.21%

13,111
  1. THAT Mr David Thomas, be and is hereby re-appointed as a Director in accordance with the Bye-laws.

106,070,150

98.78%

1,310,874

1.22%

107,381,024

48.27%

13,153
  1. THAT Mr Jon Harris be and is hereby appointed as a Director in accordance with the Bye-laws.

106,040,268

98.88%

1,202,066

1.12%

107,242,334

48.21%

9,318
  1. THAT Mr Ian Weatherdon, be and is hereby re-appointed as a Director in accordance with the Bye-laws.

62,922,575

58.68%

44,315,924

41.32%

107,238,499

48.21%

13,153
  1. THAT the Directors’ Remuneration Report as set out in the Annual Report for the year ended 31 December 2022 be and is hereby approved.

64,058,721

59.66%

43,311,067

40.34%

107,369,788

48.27%

24,389
  1. THAT the Company be generally and unconditionally authorised to make market purchases of its Common Shares.

106,645,228

99.53%

499,499

0.47%

107,144,727

48.17%

106,925
  1. THAT the Bye-laws be amended pursuant to Byelaw 166.

73,860,203

98.82%

881,986

1.18%

74,742,189

33.60%

32,651,988

 

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 

 

 

 

FTI Consulting: 

+ 44 (0) 20 3727 1000

Ben Brewerton

Nick Hennis 

 

 

or visit:

 

 

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 

 

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.
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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16/06/2023

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