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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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