DJ Result of AGM
Gulf Keystone Petroleum Ltd (GKP)
Result of AGM
21-Jun-2024 / 11:10 GMT/BST
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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:
VOTES VOTES % of VOTES
RESOLUTION VOTES FOR % AGAINST % 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 annual general 92,298,471 100.00% 2,421 0.00% 92,300,892 41.47% 24,418
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 a Director in accordance with the 92,168,667 99.86% 131,525 0.14% 92,300,192 41.47% 25,102
Bye-laws.
3. THAT Mr Julien Balkany be and is hereby
appointed as a Director in accordance with the 92,172,091 99.92% 70,811 0.08% 92,242,902 41.45% 152,408
Bye-laws.
4. THAT Ms Wanda Mwaura be and is hereby
re-appointed as a Director in accordance with the 92,098,074 99.89% 103,463 0.11% 92,201,537 41.43% 123,773
Bye-laws.
5. THAT Mr David Thomas be and is hereby
re-appointed as a Director in accordance with the 92,079,394 99.86% 125,401 0.14% 92,204,795 41.43% 120,266
Bye-laws.
6. THAT Mr Jon Harris be and is hereby
re-appointed as a Director in accordance with the 92,136,028 99.92% 71,134 0.08% 92,207,162 41.43% 118,148
Bye-laws.
7. THAT Mr Gabriel Papineau-Legris be and is
hereby appointed as a Director in accordance with the 92,165,693 99.96% 39,303 0.04% 92,204,996 41.43% 120,314
Bye-laws.
8. THAT the Directors' Remuneration Report as
set out in the Annual Report for the year ended 31 91,545,527 99.29% 656,000 0.71% 92,201,527 41.43% 123,738
December 2023 be and is hereby approved.
9. THAT the Company be generally and
unconditionally authorised to make market purchases 92,169,605 100.00% 2,496 0.00% 92,172,101 41.42% 150,404
of its Common Shares.
10. THAT the rules of the Gulf Keystone
Petroleum 2024 Long Term Incentive Plan are approved. 90,761,523 99.17% 762,631 0.83% 91,524,154 41.13% 804,565
11. THAT the rules of the Gulf Keystone
Petroleum 2024 Deferred Bonus Plan are approved. 91,266,020 99.68% 293,871 0.32% 91,559,891 41.14% 804,604
12. THAT the Directors' Remuneration Policy
approved by shareholders in 2022 be amended to permit 83,364,568 91.04% 8,205,129 8.96% 91,569,697 41.15% 794,798
a one-off retention payment to the Chief Executive
Officer in January 2025.
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 USD10 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:
Gulf Keystone: +44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations
& Corporate Communications aclark@gulfkeystone.com
FTI Consulting +44 (0) 20 3727 1000
Ben Brewerton
GKP@fticonsulting.com
Nick Hennis
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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ISIN: BMG4209G2077 Category Code: MSCM TIDM: GKP LEI Code: 213800QTAQOSSTNTPO15 Sequence No.: 329559 EQS News ID: 1930779 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
June 21, 2024 06:10 ET (10:10 GMT)
