Last checked at 13 Jun 2014 12:00
Canadian Overseas Petroleum
Announces Voting Results from the 2014 Annual General Meeting of Shareholders
Calgary, Canada, June 13, 2014 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX-V: XOP) & (LSE: COPL) is please to announce that at its Company's annual general meeting of shareholders held on June 12, 2014, COPL's shareholders approved the resolutions outlined in the Notice of 2014 Annual General Meeting and Management Proxy Circular dated April 15, 2014.
During business proceedings at the meeting, shareholders approved the following resolutions:
1. Election of Directors
Name of Nominee | Votes For | Percentage | Votes Withheld | Percentage |
Arthur S. Millholland | 149,936,010 | 97.81% | 3,363,710 | 2.19% |
Massimo C. Carello | 152,837,260 | 99.70% | 462,460 | 0.30% |
Harald H. Ludwig | 152,912,260 | 99.75% | 387,460 | 0.25% |
J. Christopher McLean | 152,837,260 | 99.70% | 462,460 | 0.30% |
Richard H. Schmitt | 152,837,260 | 99.70% | 462,460 | 0.30% |
Viscount William Astor | 137,587,260 | 89.75% | 15,712,460 | 10.25% |
2. Appointment of Auditors
By resolution passed by a show of hands, Deloitte LLP was appointed as auditor of COPL for the ensuing year and authorizing the directors to fix the auditor's remuneration.
3. Approval of Stock Option Plan
By resolution passed by a show of hands, the Stock Option Plan of the Company was approved.
4. Approval of Long Term Incentive Plan
The Long Term Incentive Plan of the Company was approved by a majority of disinterested shareholders.
About the Company
COPL is an international oil and gas exploration and development company focused in the offshore West Africa. The Company holds a 17% working interest in Block LB-13, offshore Liberia, with ExxonMobil the operator holding an 83% working interest. COPL is actively pursuing opportunities in Nigeria as part of its strategy to generate stable cash flow from secure offshore assets.
For Further Information Please Contact:
COPL
Mr. Arthur Millholland, President and CEO
Phone: +1 403 262 5441
Investor and Public Relations
Bell Pottinger
Mark Antelme or Henry Lerwill
North America Toll Free: +1 866 834 8330
Phone: +44 (0) 207 861
Joint Brokers
GMP Securities Europe
Phone: +44 (0)20 7647 2800
finnCap
Phone: +44 (0)20 7220 0500
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