REG-Genel Energy PLC Genel Energy PLC: Results of AGM

Genel EnergyAnnouncement

12/05/2022 13:00

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 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 £0.10p  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 Resolution 12 to re-elect Nazli K. Williams was withdrawn prior to the meeting.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 211,120,476 100.00%      0      0.00%   303,433   211,120,476
     the Company
     for the year
     ended 31
     December 2021
  2. To declare a
     final
     distribution
     of 12 US
     cents per
     ordinary      211,423,909 100.00%      0      0.00%      0      211,423,909
     share for the
     financial
     year ending
     31 December
     2021
  3. To approve
     the Annual
     Report on
     Remuneration  211,269,755 99.94%    133,909   0.06%    20,245   211,403,664
     for the year
     ended 31
     December 2021
  4. To re-elect
     Mr David
     McManus as a  163,024,465 77.11%  48,380,112  22.89%   19,332   211,404,577
     Non‑Executive
     Director
  5. To re-elect
     Dr Bill Higgs
     as an         95,126,814  45.00%  116,277,763 55.00%   19,332   211,404,577
     Executive
     Director
  6. To re-elect
     Sir Michael
     Fallon as a   189,786,334 89.77%  21,632,686  10.23%   4,889    211,419,020
     Non‑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   210,883,422 99.75%    535,598   0.25%    4,889    211,419,020
     Non-Executive
     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 211,402,641 99.99%    16,943    0.01%    4,325    211,419,584
     auditor

  
 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   148,624,792 70.31%  62,768,302  29.69%   30,815   211,393,094
     its Ordinary
     Shares
 17. To permit the
     Company to
     hold general
     meetings,
     other than an 211,283,982 99.94%    136,602   0.06%    3,325    211,420,584
     AGM, on not
     less than 14
     clear days’
     notice

  

 Bill Higgs, Tim  Bushell, and  Hassan Gozal did  not receive  the required  50%
 majority of  votes  in  favour  of  election  and  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
  1 www.genelenergy.com    and    on    the    National    Storage     Mechanism
  2 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
  3 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.

    

  

  

  

  

  

  

  

  

  

  

  

  

  

 ═══════════════════════════════════════════════════════════════════════════════

   ISIN:          JE00B55Q3P39, NO0010894330
   Category Code: RAG
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  161382
   EQS News ID:   1351191


    
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