Result of AGM

RNS Number : 6654Q

Soco International PLC

07 June 2018

 

7 June 2018

SOCO International plc

('SOCO' or 'the Company')

RESULTS OF ANNUAL GENERAL MEETING

The Company announces that at its Annual General Meeting ("AGM") held today at The Bulgari Hotel, 171 Knightsbridge, London SW7 1DW, all resolutions put before the meeting were duly passed on a show of hands.

In accordance with LR 9.6.2, copies of resolutions concerning items other than ordinary business are being submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

On the date of the meeting, SOCO's capital consisted of 341,076,911 ordinary shares of £0.05 each with voting rights; 9,122,268 shares were in Treasury and therefore, the total number of voting rights was 331,954,643. Details of the proxy votes received by the Company before the AGM in respect of each resolution are shown in the table below and will shortly be available on the Company's website, www.socointernational.com:

Resolution	Votes in Favour (Including Discretionary)	%	Votes Against	%	Total Votes (excluding votes withheld)	Votes Withheld
1.     To receive and adopt the Annual Report and Accounts for the financial year ended 31 December 2017.	212,374,751	100.00%	7,500	0.00%	212,382,251	0
2.     To declare a final dividend of 5.25p per share.	212,382,251	100.00%	0	0.00%	212,382,251	0
3.     To approve the Directors' Remuneration Report included in the Annual Report and Accounts for the financial year ended 31 December 2017.	178,389,045	93.48%	12,443,905	6.52%	190,832,950	21,549,300
4.     To reappoint Rui C de Sousa, who is Chairman of the Nominations Committee, as a Director.	207,802,799	98.81%	2,509,114	1.19%	210,311,913	2,070,337
5.     To reappoint Edward T Story, who is a member of the Nominations Committee, as a Director.	209,026,678	98.42%	3,348,487	1.58%	212,375,165	7,086
6.     To reappoint Robert G Gray, who is Chairman of the Audit & Risk Committee and a member of the Remuneration and Nominations Committees, as a Director.	203,258,561	95.71%	9,116,603	4.29%	212,375,164	7,086
7.     Resolution 7 - withdrawn*.
8.     To reappoint Ettore P M Contini as a Director.	211,170,467	99.43%	1,203,787	0.57%	212,374,254	7,996
9.     To reappoint António V M Monteiro, who is the Chairman of the Remuneration Committee and a member of the Audit & Risk and Nominations Committees, as a Director.	203,511,210	95.83%	8,863,955	4.17%	212,375,165	7,086
10.  To reappoint Janice M Brown as a Director.	210,103,982	98.94%	2,257,673	1.06%	212,361,655	20,596
11.  To reappoint Michael J Watts as a Director.	210,242,724	99.00%	2,118,931	1.00%	212,361,655	20,596
12.  To reappoint Deloitte LLP as Auditors to hold office until the conclusion of the next Annual General Meeting at which accounts are laid before the Company.	209,480,572	99.09%	1,925,998	0.91%	211,406,570	975,680
13.  To authorise the Audit & Risk Committee, for and on behalf of the Directors, to agree the Auditors' remuneration.	206,257,864	97.15%	6,049,744	2.85%	212,307,608	74,642
14.  To authorise the Directors to allot securities (s.551 of the Companies Act 2006).	211,655,377	99.66%	726,874	0.34%	212,382,251	0
15.  To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006)	212,331,241	99.98%	51,010	0.02%	212,382,251	0
16.  To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006) up to a further 5% for acquisitions or specified capital investments.	212,064,083	99.85%	309,432	0.15%	212,373,515	8,735
17.  To authorise the Company to repurchase its own Shares (s.701 of the Companies Act 2006).	212,092,249	99.88%	262,332	0.12%	212,354,581	27,669
18.  To authorise the Directors to call general meetings of the Company (other than an annual general meeting) on not less than 14 clear days' notice.	209,336,063	98.57%	3,046,188	1.43%	212,382,251	0

*Following the Company's announcement on 22 May 2018 that Olivier Barbaroux will retire at the conclusion of the AGM, resolution 7, to reappoint Olivier M G   Barbaroux as a Director was accordingly withdrawn at today's AGM.

ENQUIRIES:

SOCO International plc                                                                                                                               Tel: [phone]

Ed Story, President and Chief Executive Officer

Jann Brown, Managing Director and Chief Financial Officer

Mike Watts, Managing Director

Sharan Dhami, Group Investor Relations Manager

Camarco                                                                                                                                                         Tel: [phone]

Billy Clegg          

Georgia Edmonds

Owen Roberts

NOTES TO EDITORS

SOCO is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.

SOCO holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam.

SOCO holds a 25% working interest in the Ca Ngu Vang field of Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Block 9-2 is located in the shallow water Cuu Long Basin, offshore southern Vietnam.

SOCO holds a 40.39% interest in and is designated operator of the Marine XI Block, located in the shallow water Lower Congo Basin offshore, offshore the Republic of Congo (Brazzaville).

SOCO holds a 22% interest in the Production Sharing Agreement for the Cabinda North Block onshore the Angolan enclave of Cabinda.

 

END

 

 

RAGUBORRWBANRAR