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Gulf Keystone Petroleum Ltd (GKP)
Result of AGM
21-Jun-2024 / 11:10 GMT/BST
21 June 2024
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 2024 Annual General
Meeting ("AGM") held today at 9 A.M (BST) via webcast were duly
passed by shareholders.
The results of the AGM are as follows:
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RESOLUTION
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VOTES FOR
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%
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VOTES AGAINST
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%
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VOTES TOTAL
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% of ISC VOTED
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VOTES WITHHELD
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-
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.
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92,298,471
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100.00%
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2,421
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0.00%
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92,300,892
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41.47%
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24,418
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-
THAT Mr Martin Angle be and is hereby re-appointed as a
Director in accordance with the Bye-laws.
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92,168,667
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99.86%
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131,525
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0.14%
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92,300,192
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41.47%
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25,102
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-
THAT Mr Julien Balkany be and is hereby appointed as a
Director in accordance with the Bye-laws.
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92,172,091
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99.92%
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70,811
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0.08%
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92,242,902
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41.45%
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152,408
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-
THAT Ms Wanda Mwaura be and is hereby re-appointed as a
Director in accordance with the Bye-laws.
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92,098,074
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99.89%
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103,463
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0.11%
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92,201,537
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41.43%
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123,773
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-
THAT Mr David Thomas be and is hereby re-appointed as a
Director in accordance with the Bye-laws.
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92,079,394
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99.86%
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125,401
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0.14%
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92,204,795
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41.43%
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120,266
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-
THAT Mr Jon Harris be and is hereby re-appointed as a
Director in accordance with the Bye-laws.
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92,136,028
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99.92%
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71,134
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0.08%
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92,207,162
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41.43%
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118,148
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-
THAT Mr Gabriel Papineau-Legris be and is hereby appointed as
a Director in accordance with the Bye-laws.
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92,165,693
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99.96%
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39,303
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0.04%
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92,204,996
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41.43%
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120,314
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-
THAT the Directors’ Remuneration Report as set out in the
Annual Report for the year ended 31 December 2023 be and is hereby
approved.
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91,545,527
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99.29%
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656,000
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0.71%
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92,201,527
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41.43%
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123,738
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-
THAT the Company be generally and
unconditionally authorised to make market purchases of its Common
Shares.
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92,169,605
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100.00%
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2,496
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0.00%
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92,172,101
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41.42%
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150,404
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THAT the rules of the Gulf Keystone
Petroleum 2024 Long Term Incentive Plan are approved.
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90,761,523
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99.17%
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762,631
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0.83%
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91,524,154
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41.13%
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804,565
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-
THAT the rules of the Gulf Keystone
Petroleum 2024 Deferred Bonus Plan are approved.
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91,266,020
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99.68%
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293,871
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0.32%
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91,559,891
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41.14%
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804,604
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-
THAT the Directors’ Remuneration Policy
approved by shareholders in 2022 be amended to permit a one-off
retention payment to the Chief Executive Officer in January
2025.
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83,364,568
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91.04%
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8,205,129
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8.96%
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91,569,697
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41.15%
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794,798
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Continuation of share buyback
programme
Following the passing of Resolution 9, the Company’s share
buyback programme of Common Shares for up to a maximum aggregate
consideration of $10 million will continue to the earlier of its
completion or the Company’s 2025 Annual General Meeting, in
accordance with the terms set out in the announcement on 13 May
2024.
Board and Committee
composition
Following conclusion of the AGM, Gabriel Papineau-Legris has
been appointed as executive director and Chief Financial Officer,
replacing Ian Weatherdon upon his
retiral.
As previously disclosed, the Company is currently in a
recruitment process for additional independent non-executive
directors upon Kimberley Wood stepping down from the Board at the
AGM. In the meantime, Martin Angle has been appointed Chair of the
Remuneration Committee on an interim basis pending conclusion of
this recruitment process. In addition, David Thomas has been
appointed Deputy Chair of the Board and interim Senior Independent
Director. Wanda Mwaura has been appointed as a member of the
Remuneration Committee.
An update on the recruitment process will be provided when
appropriate.
Enquiries:
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Gulf Keystone:
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+44 (0) 20 7514
1400
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Aaron Clark, Head of Investor Relations
& Corporate Communications
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aclark@gulfkeystone.com
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FTI Consulting
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+44 (0) 20 3727 1000
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Ben Brewerton
Nick Hennis
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GKP@fticonsulting.com
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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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