Last checked at 5 Sep 2012 16:27
Genel Energy plc
5 September 2012
Genel Energy plc
Result of General Meeting
Genel Energy plc (the Company) announces the result of voting on the resolution at the General Meeting held on Wednesday 5th September 2012, as set out in the notice of meeting.
The resolution, which was an ordinary resolution, was put to the meeting on a poll and was passed by the requisite majority of shareholders as follows:
Resolution | For | % | Against | % | Withheld | Total Lodged |
To approve the waiver of obligations by the Takeover Panel under Rule 9 of the Takeover Code |
75,373,536 |
89.10 |
9,216,629 |
10.90 |
nil |
84,590,165 |
The number of voting ordinary shares of £0.10 each in the Company in issue at the date of the meeting was 213,736,679, of which 149,615,676 were eligible to vote, being shares not held by Focus Investments Limited, Elysion Energy Holdings BV, or Petroleum Resources Management NV (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 the resolution as set out in paragraph 5 of Part II of the Shareholder Circular published by the Company on 16 August 2012 (the Circular).
Full details of the resolution passed, together with the related background and explanatory notes, are set out in the Circular which is available on the Company's website at www.genelenergy.com.
Copies of the resolution passed at the General Meeting will shortly be available on the National Storage Mechanism at www.hemscott.com/nsm.do
Stephen Mitchell Company Secretary
| + 44 20 7659 5100 |
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 the resolution.
The table below shows the respective interests of the Significant Shareholders of Ordinary Shares, Voting Ordinary Shares and Suspended Voting Ordinary Shares as at today's date:
Ordinary | Voting Ordinary | Suspended Voting Ordinary | |||||
Shares | (%) | Shares | (%) | Shares | (%) | ||
Elysion | 39,189,757 | 14.0 | 28,097,823 | 13.1 | 11,091,934 | 16.7 | |
Focus | 73,389,351 | 26.2 | 36,023,180 | 16.9 | 37,366,171 | 56.2 | |
PRM | 18,053,414 | 6.4 | - | - | 18,053,414 | 27.1 | |
Other Genel Energy shareholders | 149,615,676 | 53.4 | 149,615,676 | 70.0 | - | - | |
| |||||||
280,248,198 | 213,736,679 | 66,511,519 | |||||
Total | 100.0 | 100.0 | 100.0 | ||||
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 its existing buyback authority and assuming no Significant Shareholder participates in the buyback, is as set out in the following table:
Percentage of
Voting Ordinary Percentage of
Share capital Ordinary Share
Number of after the Number of capital after
Voting Ordinary maximum Ordinary the maximum
Shares buy-back Shares buy-back
Elysion Energy Holding BV | 28,097,8231 | 14.6 | 39,189,757 | 15.1 |
Focus Investments Limited | 36,023,180 | 18.7 | 73,389,351 | 28.3 |
Petroleum ResourcesManagement NV | - | 18,053,414 | 7.0 | |
Total | 64,121,003 | 33.3 | 130,632,522 | 50.4 |
The Company does not currently hold any shares in treasury.