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·     Resolution 7 was withdrawn.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	[phone]
Cantor Fitzgerald Europe Sarah Wharry David Porter	[phone]
First Energy Capital Jonathan Wright	[phone]

 

END

 

 

RAGPKKDDQBKDAAN