Result of AGM

RNS Number : 9054K

Genel Energy PLC

21 April 2015

 

21 April 2015

                                                                                   Genel Energy plc

Results of Annual General Meeting

At the Annual General Meeting of Genel Energy plc held today, Tuesday, 21 April 2015, all resolutions put to the meeting were passed by the shareholders on a poll. The number of voting ordinary shares of £0.10p each in the Company in issue at the date of the meeting was 248,760,793 and each share attracted one vote.

Resolution 16 was put to the meeting as a resolution of the Independent Shareholders of the Company. As a result 174,150,551 of the voting ordinary shares in issue were eligible to vote on this resolution, these shares not being held by Focus Investments Limited, Elysion Energy Holdings BV and other concert parties (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 Resolution 16.

The results are as follows:

Resolutions	For	%	Against	%	Withheld	Total lodged
1. To receive the accounts and the reports of the directors and the auditors for the year ended 31 December 2014.	174,859,217	100.00	0	0.00	0	174,859,217
2. To approve the annual report on remuneration for the year ended 31 December 2014.	149,032,065	97.57	3,706,234	2.43	22,120,918	152,738,299
3. To re-elect Mr Rodney Chase as a non-executive director.	174,829,838	99.98	29,379	0.02	0	174,859,217
4. To re-elect Dr Tony Hayward as an executive director.	174,859,217	100.00	0	0.00	0	174,859,217
5. To re-elect Sir Graham Hearne as a non-executive director.	174,827,969	99.98	31,248	0.02	0	174,859,217
6. To re-elect Mr Jim Leng as a non-executive director.	174,827,969	99.98	31,248	0.02	0	174,859,217
7. To re-elect Mr Mehmet Öğütçü as a non-executive director.	174,859,193	100.00	24	0.00	0	174,859,217
8. To re-elect Mr George Rose as a non-executive director.	174,827,993	99.98	31,224	0.02	0	174,859,217
9. To re-elect Mr Nathaniel Rothschild as a non-executive director.	174,859,005	100.00	12	0.00	200	174,859,017
10. To re-elect Mr Chakib Sbiti as a non-executive director	174,858,817	100.00	400	0.00	0	174,859,217
11. To re-elect Mrs Gulsun Nazli Karamehmet Williams as a non-executive director.	172,362,588	100.00	1,695	0.00	2,494,934	172,364,283
12. To re-elect Mr Murat Yazici as a non-executive director.	174,856,892	100.00	2,325	0.00	0	174,859,217
13. To re-appoint PricewaterhouseCoopers LLP as the Company's auditors.	173,863,191	99.43	995,826	0.57	200	174,859,017
14. To authorise the board of directors to set the auditors' fees.	174,796,983	99.96	62,034	0.04	200	174,859,017
15. To give the Company limited authority to make political donations and incur political expenditure.	171,877,717	98.82	2,048,907	1.18	932,593	173,926,624
16. To approve the waiver of obligations by the Takeover Panel under Rule 9 of the Takeover Code	82,166,151	81.30	18,899,189	18.70	1,064,292	102,129,632
17. To authorise the Company to purchase its voting ordinary shares.	174,768,527	99.95	90,690	0.05	0	174,859,217
18. To permit the Company to hold general meetings, other than an annual general meeting, on not less than 14 clear days notice	159,469,900	91.20	15,389,317	8.80	0	174,859,217

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.genelenergy.comand on the National Storage Mechanism www.hemscott.com/nsm.do  

A copy of the special resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do

-ends-

For further information please contact:

Genel Energy Sarah Robertson, Company Secretary Phil Corbett, Head of Investor Relations

[phone]

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 Resolution 16. 

The table below shows the respective interests of the Significant Shareholders of ordinary shares, and how that holding is split between voting ordinary shares and suspended voting ordinary shares, as at today's date:

	Ordinary		Voting Ordinary		Suspended Voting Ordinary
	Shares	(%)	Shares	(%)	Shares	(%)
Elysion Energy Holding BV	32,674,007	11.74	31,612,246	12.71	1,061,761	3.58
Focus Investments Limited	64,589,351	23.20	42,917,339	17.25	21,672,012	73.16
Other concert parties	6,968,569	2.50	80,657	0.03	6,887,912	23.26
Other Genel Energy shareholders	174,138,930	62.56	174,138,930	70.01	-	-
Total	278,370,857		248,749,172		29,621,685

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 the buyback authority and assuming no Significant Shareholder participates in the buyback, is as set out in the following table:

	Number of Voting Ordinary Shares	Percentage of Voting Ordinary Share capital after the maximum buy-back	Number of    Ordinary   Shares	Percentage of Ordinary Share  capital after the maximum buy-back
Elysion Energy Holding BV	31,612,246	14.12	32,674,007	12.89
Focus Investments Limited	42,917,339	19.17	64,589,351	25.48
Other concert parties	80,657	0.04	6,968,569	2.75
Total	74,610,242	33.33	104,231,927	41.12

The Company currently holds 1,865,720 shares in treasury.

 

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