Result of EGM

RNS Number : 5977L

Genel Energy PLC

05 September 2012

 



Genel Energy plc

5 September 2012

Genel Energy plc

Result of General Meeting

Genel Energy plc (the Company) announces the result of voting on the resolution at the General Meeting held on Wednesday 5^th September 2012, as set out in the notice of meeting.

The resolution, which was an ordinary resolution, was put to the meeting on a poll and was passed by the requisite majority of shareholders as follows:

Resolution	For	%	Against	%	Withheld	Total Lodged
To approve the waiver of obligations by the Takeover Panel under Rule 9 of the Takeover Code	75,373,536	89.10	9,216,629	10.90	nil	84,590,165

The number of voting ordinary shares of £0.10 each in the Company in issue at the date of the meeting was 213,736,679, of which 149,615,676 were eligible to vote, being shares not held by Focus Investments Limited, Elysion Energy Holdings BV, or Petroleum Resources Management NV (the Significant Shareholders).

The appendix to this announcement sets out the Significant Shareholders' maximum current and potential interests in the Company's voting ordinary shares following the passing of the resolution as set out in paragraph 5 of Part II of the Shareholder Circular published by the Company on 16 August 2012 (the Circular).

Full details of the resolution passed, together with the related background and explanatory notes, are set out in the Circular which is available on the Company's website at www.genelenergy.com.

Copies of the resolution passed at the General Meeting will shortly be available on the National Storage Mechanism at www.hemscott.com/nsm.do

Stephen Mitchell Company Secretary

+ 44 20 7659 5100

Appendix

Pursuant to the Takeover Code it is necessary to set out the current and potential respective interests of the Significant Shareholders of voting ordinary share capital following the passing of the resolution. 

The table below shows the respective interests of the Significant Shareholders of Ordinary Shares, Voting Ordinary Shares and Suspended Voting Ordinary Shares as at today's date:

	Ordinary		Voting Ordinary		Suspended Voting Ordinary
	Shares	(%)	Shares	(%)	Shares	(%)
Elysion	39,189,757	14.0	28,097,823	13.1	11,091,934	16.7
Focus	73,389,351	26.2	36,023,180	16.9	37,366,171	56.2
PRM	18,053,414	6.4	-	-	18,053,414	27.1
Other Genel Energy shareholders	149,615,676	53.4	149,615,676	70.0	-	-
	280,248,198		213,736,679		66,511,519
Total		100.0		100.0		100.0

The maximum potential interest of the Significant Shareholders in the voting ordinary share capital of the Company, following the full use by the Company of its existing buyback authority and assuming no Significant Shareholder participates in the buyback, is as set out in the following table:

Percentage of

       Voting Ordinary                                                            Percentage of

      Share capital                                                        Ordinary Share

    Number of                  after the                 Number of    capital after

    Voting Ordinary            maximum              Ordinary   the maximum

   Shares              buy-back                   Shares                 buy-back

Elysion Energy Holding BV	28,097,8231	14.6	39,189,757	15.1
Focus Investments Limited	36,023,180	18.7	73,389,351	28.3
Petroleum Resources Management NV		-	18,053,414	7.0
Total	64,121,003	33.3	130,632,522	50.4

The Company does not currently hold any shares in treasury.

 

END

 

 

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