REG-Gulf Keystone Petroleum Ltd Result of AGM

Gulf Keystone PetroleumAnnouncement

16/06/2023 12:00

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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 next   107,099,352 99.87%  142,982   0.13%  107,242,334 48.21%   9,318
    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  105,320,579 98.26% 1,861,661  1.74%  107,182,240 48.18%   69,412
    a Director
    in accordance
    with the
    Bye-laws.
 3. THAT Ms
    Kimberley Wood,
    be and is hereby
    re-appointed as  105,579,391 98.50% 1,602,849  1.50%  107,182,240 48.18%   69,318
    a Director in
    accordance with
    the Bye-laws.
 4. THAT Ms Wanda
    Mwaura, be and
    is hereby
    appointed as a   107,059,895 99.83%  178,646   0.17%  107,238,541 48.21%   13,111
    Director
    in accordance
    with the
    Bye-laws.
 5. THAT Mr David
    Thomas, be and
    is hereby
    re-appointed as  106,070,150 98.78% 1,310,874  1.22%  107,381,024 48.27%   13,153
    a Director
    in accordance
    with the
    Bye-laws.
 6. THAT Mr Jon
    Harris be and is
    hereby appointed
    as a Director    106,040,268 98.88% 1,202,066  1.12%  107,242,334 48.21%   9,318
    in accordance
    with the
    Bye-laws.
 7. THAT Mr Ian
    Weatherdon, be
    and is hereby
    re-appointed as  62,922,575  58.68% 44,315,924 41.32% 107,238,499 48.21%   13,153
    a Director in
    accordance with
    the Bye-laws.
 8. THAT the
    Directors’
    Remuneration
    Report as set
    out in the
    Annual Report    64,058,721  59.66% 43,311,067 40.34% 107,369,788 48.27%   24,389
    for the year
    ended 31
    December 2022 be
    and is
    hereby approved.
 9. THAT the Company
    be generally and
    unconditionally
    authorised to    106,645,228 99.53%  499,499   0.47%  107,144,727 48.17%  106,925
    make market
    purchases of its
    Common Shares.
10. THAT the
    Bye-laws be      73,860,203  98.82%  881,986   1.18%  74,742,189  33.60% 32,651,988
    amended pursuant
    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:  1 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  2 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.

 

 

 

 

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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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