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Gulfsands Petroleum (GPX)

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Tuesday 30 June, 2015

Gulfsands Petroleum

Result of AGM

RNS Number : 7104R
Gulfsands Petroleum PLC
30 June 2015
 

Gulfsands Petroleum Plc

 

Results of Annual General Meeting

 

30 June 2015

 

Gulfsands Petroleum Plc ("Gulfsands" or the "Company"), the AIM listed oil and gas company (AIM:GPX) with activities in Syria, Morocco, Tunisia and Colombia, presents the following report on the resolutions put to shareholders at the Annual General Meeting ("AGM") of the Company held today at 11.00am, pursuant to the Notice of the meeting dated 8 June 2015:

·     Resolutions 1, 3, 4, 5, 6, 8, 9, 10, 11 and 12, were all passed on a show of hands.

·     Resolution 2 was not passed; voting was conducted by way of a poll with 23,450,762 (31.68%) cast in favour and 50,588,797 (68.32%) cast against the resolution.

·     Resolution 7 was withdrawn.

 

Following the AGM, the Directors who hold office are as follows:

·     Alastair Beardsall, Executive Chairman

·     Alan Cutler, Director of Finance and Administration

·     Joe Darby, Senior Independent Non-executive Director, Chairman of the Remuneration Committee

·     Andrew Morris, Non-executive Director, Chairman of the Audit Committee

·     Andrew West, Non-executive Director

·     James Ede-Golightly, Non-executive Director

·     John Bell, Non-executive Director

 

The following proxy votes appointing the Chairman to vote were as follows

 

Resolution

In Favour

%

Discretion

%

Against

%

Withheld

1

74,013,820

99.98

1,631

0.01

7,190

0.01

23,872

2

23,438,085

31.65

1,381

0.01

50,588,797

68.34

18,250

3

62,852,674

84.90

1,381

0.01

11,174,458

15.09

18,000

4

57,972,210

78.31

1,381

0.01

16,050,172

21.68

22,750

5

59,484,342

80.35

1,381

0.01

14,538,040

19.64

22,750

6

54,625,250

73.79

1,381

0.01

19,396,882

26.20

23,000

7

14,758,439

19.93

1,381

0.01

59,268,443

80.06

18,250

8

70,663,860

95.45

1,381

0.01

3,363,022

4.54

18,250

9

65,334,174

99.98

1,381

0.01

7,440

0.01

8,703,518

10

74,019,692

99.98

1,381

0.01

2,440

0.01

23,000

11

65,334,424

88.25

1,381

0.01

8,692,708

11.74

18,000

12

62,823,544

84.86

1,682

0.01

11,201,458

15.13

19,829

 

i.      Proxy votes granted to the chairman of the meeting at his discretion are counted as votes "for" the Resolutions

ii.    Percentages are expressed as a proportion of the total votes cast (excluding withheld votes)

iii.   A vote withheld is not a vote in law and is not counted in the calculation of the votes cast "for" or "against" a Resolution

 

The Company's Executive Chairman, Alastair Beardsall, said:

 

"On behalf of the Board and shareholders I would like to thank Mahdi Sajjad and Ian Conway for their time as serving directors. Ian remains as an Executive with his responsibilities for technical and operational matters. Mahdi leaves the Board and I wish him well in his future ventures."

 

 

For further information, please refer to the Company's website www.gulfsands.com or contact:

 

 

Gulfsands Petroleum Plc

Alastair Beardsall, Chairman

 

+44 (0)20 7024 2130

Cantor Fitzgerald Europe

Sarah Wharry

David Porter

 

+44 (0)20 7894 7000

First Energy Capital

Jonathan Wright

+44 (0)20 7448 0220



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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