AGM Results

RNS Number : 6582N
Energean Oil & Gas PLC
21 May 2020
 

Energean Oil & Gas plc

("Energean" or the "Company")

 

Results of AGM

 

 

London, 21 May 2020  - Energean Oil and Gas plc (LSE: ENOG, TASE: ), the oil and gas producer focused on the Mediterranean, today announces that at its Annual General Meeting ("AGM") held today at the registered office of the Company, all resolutions put before the meeting were duly passed.

 

Details of the voting by way of a poll at the AGM in respect of each resolution are shown in the table below and will shortly be available on the Company's website,  www.energean.com .

 

Res. Number 

Resolution

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD

01/01

ACCOUNTS AND REPORTS 

140,326,231

100.00

28

0.00

140,326,259

79.24%

644,978

01/02

REMUNERATION REPORT 

134,174,655

95.18

6,796,582

4.82

140,971,237

79.60%

0

01/03

APPOINT K SIMON 

134,330,256

95.31

6,614,499

4.69

140,944,755

79.59%

26,482

01/04

APPOINT M RIGAS 

134,344,576

95.30

6,626,661

4.70

140,971,237

79.60%

0

01/05

APPOINT P BENOS 

134,340,393

95.30

6,629,781

4.70

140,970,174

79.60%

0

01/06

APPOINT A BARTLETT 

140,852,947

99.92

118,290

0.08

140,971,237

79.60%

0

01/07

APPOINT R PECK 

140,373,958

99.58

597,279

0.42

140,971,237

79.60%

0

01/08

APPOINT O MARANI 

140,852,947

99.92

118,290

0.08

140,971,237

79.60%

0

01/09

APPOINT E TOPOUZOGLOU 

133,881,518

95.11

6,885,566

4.89

140,767,084

79.49%

204,153

01/10

APPOINT D BONANNO 

133,152,036

94.46

7,803,919

5.54

140,955,955

79.60%

15,282

01/11

APPOINT A LASHINSKY

140,955,927

100.00

28

0.00

140,955,955

79.60%

15,282

01/12

REAPPOINT AUDITOR 

138,503,874

98.29

2,416,102

1.71

140,919,976

79.58%

51,261

01/13

AUDITOR REMUNERATION 

138,467,437

98.22

2,503,800

1.78

140,971,237

79.60%

0

01/14*

ALLOT SECURITIES 

103,820,704

73.65

37,150,533

26.35

140,971,237

79.60%

0

01/15**

PRE-EMPTION RIGHTS 

n/a

n/a

n/a

n/a

n/a

n/a

n/a

01/16**

FURTHER DISAPPLICATION OF PRE-EMPTION RIGHTS

n/a

n/a

n/a

n/a

n/a

n/a

n/a

01/17

MEETING NOTICE TIMES 

133,993,809

95.06

6,962,146

4.94

140,955,955

79.60%

15,282

01/18

MARKET PURCHASES 

138,530,106

98.27

2,439,221

1.73

140,969,327

79.60%

1,910

01/19

NAME CHANGE

140,932,808

99.97

38,429

0.03

140,971,237

79.60%

0

 

* The Company notes that a significant number of votes were cast against resolution 14, which sought authority to allot ordinary shares in the Company.

The Company will undertake a detailed review of any feedback received on this resolution to ensure it fully understands the reasons behind the voting result and allow it to understand shareholders' concerns.

 

The Board takes seriously its responsibilities to represent the interests of shareholders and to uphold the highest standards of corporate governance and is open to constructive dialogue with shareholders and shareholder bodies. Accordingly, it will continue to engage with shareholders over the coming months in respect of the votes received against these resolutions. Further, in line with the provisions of the 2018 UK Corporate Governance Code, we will provide an update on the views received from shareholders on these issues and actions taken in response no later than in six months' time.

 

** This resolution was withdrawn before the meeting

 

Enquiries  

Investors and Analysts

 

  Kate Sloan, Head of IR & ECM

 

Media

Tel: +44 07917 608 645 

Sotiris Chiotakis                                          Tel: +30 210 8174 242

 

 

 

About Energean Oil & Gas plc

 

Energean is a London Premium Listed FTSE 250 and Tel Aviv 35 Listed E&P company with operations offshore Israel, Greece and the Adriatic. In August 2017 the Company received Israeli Governmental approval for the FDP for its flagship Karish-Tanin gas development project, where it intends to use the only FPSO in the Eastern Mediterranean to produce first gas in 2021. Energean has already signed firm contracts for 5.6 Bcm/yr of gas sales into the Israeli domestic market. Future gas sales agreements will focus on both the growing Israeli domestic market and key export markets.

 

Energean has nine exploration licences offshore Israel, and a 25-year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences in Western Greece and Montenegro.

 On 4 July 2019, Energean announced the conditional acquisition of Edison E&P for $750 million plus $100 million of contingent consideration. On 23 December 2019, Energean announced the exclusion of the Algerian assets from the transaction. The acquisition of Edison E&P, exclusive of the Algerian assets and Norwegian subsidiary is expected to be finalised in 3Q 2020.

www.energean.com

 

 


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