11 Jun 2013 15:00
Afren plc ("Afren") - Result of Annual General Meeting ("AGM")
11 June 2013
Following the Annual General Meeting held on 11 June 2013, Afren is pleased to announce the results of the vote for each resolution as follows. All resolutions apart from resolution 2 were duly passed by a show of hands. Resolution 2 was not passed. Resolutions 14, 15, 16 and 17 were passed as special resolutions.
A breakdown of the proxies lodged prior to the AGM in respect of all resolutions is summarised below.
Resolutions | For | % of votes cast | Against | % of votes cast | Third Party Discretion | % of votes cast | Votes Withheld |
Resolution 1 To approve the financial statements and reports for the year ended 31 December 2012 | 557,957,639 | 99.75 | 1,229,802 | 0.22 | 153,356 | 0.03 | 14,212,585 |
Resolution 2 To approve the Director's Remuneration Report for the year ended 31 December 2012 | 106,647,602 | 20.29 | 418,876,537 | 79.68 | 153,356 | 0.03 | 47,875,887 |
Resolution 3 To re-elect Mr Egbert Imomoh as a director | 393,675,386 | 70.25 | 166,589,265 | 29.73 | 153,356 | 0.03 | 13,135,375 |
Resolution 4 To re-elect Mr Peter Bingham as a director | 303,940,020 | 56.13 | 237,378,005 | 43.85 | 153,356 | 0.03 | 32,082,001 |
Resolution 5 To re-elect Mr John St John as a director | 390,676,093 | 71.78 | 153,459,856
| 28.20 | 153,356 | 0.03 | 29,264,077 |
Resolution 6 To re-elect Mr Toby Hayward as a director | 406,884,004 | 72.30 | 155,759,321 | 27.68 | 153,356 | 0.03 | 10,756,701 |
Resolution 7 To re-elect Mr Ennio Sganzerla as a director | 418,919,308 | 74.43 | 143,729,017
| 25.55 | 153,356 | 0.03 | 10,751,701 |
Resolution 8 To re-elect Mr Patrick Obath as a director | 420,407,442 | 74.66 | 142,546,104 | 25.32 | 153,356 | 0.03 | 10,446,480 |
Resolution 9 To re-elect Mr Osman Shahenshah as a director | 515,665,083 | 93.10 | 38,091,057
| 6.88 | 153,356 | 0.03 | 19,203,886 |
Resolution 10 To re-elect Mr Shahid Ullah as a director | 507,366,960 | 90.10 | 55,586,586
| 9.87 | 153,356 | 0.03 | 10,446,480 |
Resolution 11 To re-elect Mr Darra Comyn as a director | 507,361,071 | 90.10 | 55,592,475 | 9.88 | 153,356 | 0.03 | 10,446,480 |
Resolution 12 To re-appoint Deloitte LLP as auditors | 554,261,423 | 99.15 | 4,618,959 | 0.83 | 153,356 | 0.03 | 14,519,644 |
Resolution 13 To authorise directors to allot relevant securities | 527,038,690 | 93.69 | 35,315,469 | 6.28 | 153,356 | 0.03 | 11,045,867 |
Resolution 14 To authorise directors for disapplication of pre-emption rights | 540,049,590 | 97.51 | 13,663,470 | 2.47 | 153,356 | 0.03 | 19,686,966
|
Resolution 15 To authorise Afren to make market purchases | 562,869,639 | 99.97 | 40,459 | 0.01 | 153,356 | 0.03 | 10,489,928 |
Resolution 16 To amend the Articles of Association | 552,831,872 | 98.43 | 8,671,080 | 1.54 | 153,356 | 0.03 | 11,897,074 |
Resolution 17 To permit the 14 days' notice to call general meetings | 445,585,557 | 79.13 | 117,369,139 | 20.85 | 153,356 | 0.03 | 10,445,330 |
Notes
1. Any proxy arrangements which gave discretion to the Chairman have been included in the "for" totals.
2. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a resolution.
3. The total number of votes cast by proxy was 563,108,052.
4. The issued share capital of Afren as at 11 June 2013 is 1,089,441,697 ordinary shares.
5. All percentages are shown to two decimal points.
In accordance with Listing Rule 9.6.2, copies of resolutions 14, 15, 16 and 17 will shortly be available for inspection on the National Storage Mechanism which can be accessed at www.hemscott.com/nsm.do.
Details of the proxy votes received will also shortly be available for viewing on Afren's website at www.afren.com.
Contacts
Elekwachi Ukwu
Company Secretary
Afren plc
+ 44 20 7864 3700
For media enquiries:
Afren plc (+44 20 7864 3700) | Pelham Bell Pottinger (+44 20 7861 3232) | |
Simon Hawkins Investor Relations | James Henderson Mark Antelme |