30 Jun 2015 15:18
Gulfsands Petroleum Plc
Results of Annual General Meeting
30 June 2015
Gulfsands Petroleum Plc ("Gulfsands" or the "Company"), the AIM listed oil and gas company (AIM:GPX) with activities in Syria, Morocco, Tunisia and Colombia, presents the following report on the resolutions put to shareholders at the Annual General Meeting ("AGM") of the Company held today at 11.00am, pursuant to the Notice of the meeting dated 8 June 2015:
· Resolutions 1, 3, 4, 5, 6, 8, 9, 10, 11 and 12, were all passed on a show of hands.
· Resolution 2 was not passed; voting was conducted by way of a poll with 23,450,762 (31.68%) cast in favour and 50,588,797 (68.32%) cast against the resolution.
· Resolution 7 was withdrawn.
Following the AGM, the Directors who hold office are as follows:
· Alastair Beardsall, Executive Chairman
· Alan Cutler, Director of Finance and Administration
· Joe Darby, Senior Independent Non-executive Director, Chairman of the Remuneration Committee
· Andrew Morris, Non-executive Director, Chairman of the Audit Committee
· Andrew West, Non-executive Director
· James Ede-Golightly, Non-executive Director
· John Bell, Non-executive Director
The following proxy votes appointing the Chairman to vote were as follows
Resolution | In Favour | % | Discretion | % | Against | % | Withheld |
1 | 74,013,820 | 99.98 | 1,631 | 0.01 | 7,190 | 0.01 | 23,872 |
2 | 23,438,085 | 31.65 | 1,381 | 0.01 | 50,588,797 | 68.34 | 18,250 |
3 | 62,852,674 | 84.90 | 1,381 | 0.01 | 11,174,458 | 15.09 | 18,000 |
4 | 57,972,210 | 78.31 | 1,381 | 0.01 | 16,050,172 | 21.68 | 22,750 |
5 | 59,484,342 | 80.35 | 1,381 | 0.01 | 14,538,040 | 19.64 | 22,750 |
6 | 54,625,250 | 73.79 | 1,381 | 0.01 | 19,396,882 | 26.20 | 23,000 |
7 | 14,758,439 | 19.93 | 1,381 | 0.01 | 59,268,443 | 80.06 | 18,250 |
8 | 70,663,860 | 95.45 | 1,381 | 0.01 | 3,363,022 | 4.54 | 18,250 |
9 | 65,334,174 | 99.98 | 1,381 | 0.01 | 7,440 | 0.01 | 8,703,518 |
10 | 74,019,692 | 99.98 | 1,381 | 0.01 | 2,440 | 0.01 | 23,000 |
11 | 65,334,424 | 88.25 | 1,381 | 0.01 | 8,692,708 | 11.74 | 18,000 |
12 | 62,823,544 | 84.86 | 1,682 | 0.01 | 11,201,458 | 15.13 | 19,829 |
i. Proxy votes granted to the chairman of the meeting at his discretion are counted as votes "for" the Resolutions
ii. Percentages are expressed as a proportion of the total votes cast (excluding withheld votes)
iii. A vote withheld is not a vote in law and is not counted in the calculation of the votes cast "for" or "against" a Resolution
The Company's Executive Chairman, Alastair Beardsall, said:
"On behalf of the Board and shareholders I would like to thank Mahdi Sajjad and Ian Conway for their time as serving directors. Ian remains as an Executive with his responsibilities for technical and operational matters. Mahdi leaves the Board and I wish him well in his future ventures."
For further information, please refer to the Company's website www.gulfsands.com or contact:
Gulfsands Petroleum Plc Alastair Beardsall, Chairman
| +44 (0)20 7024 2130 |
Cantor Fitzgerald Europe Sarah Wharry David Porter
| +44 (0)20 7894 7000 |
First Energy Capital Jonathan Wright | +44 (0)20 7448 0220 |