22 Dec 2021 07:00
22 December 2021
Lekoil Limited
("LEKOIL" or the "Company")
Results of Annual General Meeting
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa announces the results of the Company's Annual General Meeting ("AGM") held on 21 December 2021.
Following a vote by shareholders with a combined share capital of 258,051,201 ordinary shares representing 48.07% of the issued share capital of the Company, results on each of the resolutions put to the AGM are as set out below. Resolutions 1 to 9 were ordinary resolutions requiring a simple majority of votes cast to pass. Resolution 10 was a special resolution requiring a majority of 75% of votes cast. All resolutions put to the meeting were duly passed except for Resolution 10.
Resolution | Voting Result |
For | Against |
1. Annual Reports and Accounts | 237,094,678 | 91.88% | 20,956,223 | 8.12% | |||
2. Re-election of Marco D'Attanasio | 184,639,920 | 71.55% | 73,411,281 | 28.45% | |||
3. Re-election of Alphonso Tindall | 185,750,125 | 71.98% | 72,301,076 | 28.02% | |||
4. Re-election of Olapade Durotoye | 185,766,449 | 71.99% | 72,284,752 | 28.01% | |||
5. Re-election of Adeoye Adefulu | 185,766,449 | 71.99% | 72,284,752 | 28.01% | |||
6. Electronic distribution of Annual Returns and Financial Statements | 187,230,172 | 72.56% | 70,821,029 | 27.44% | |||
7. Authority of Directors to allot shares up to an aggregate number of 177,134,394 | 135,965,690 | 52.69% | 122,085,511 | 47.31% | |||
8. Authority of Directors to allot shares to settle accrued but unpaid fees to creditors who agree to take part or all of their fees in Relevant Securities | 136,802,360 | 53.01% | 121,248,841 | 46.99% | |||
9. Authority of Directors to allot shares to the Lenders in respect of outstanding amounts under the Convertible Facility Agreement | 135,965,690 | 52.69% | 122,085,511 | 47.31% | |||
10. the disapplication of shareholder pre-emption rights in respect of up to 53,667,998 shares issued for cash consideration, such disapplication to be expire at the conclusion of the next AGM | 135,965,690 | 52.69% | 122,085,511 | 47.31% | |||
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For further information, please visit www.lekoilplc.com or contact: |
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SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) Jeff Keating / Stuart Gledhill |
+44 20 3470 0470 |
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Tennyson Securities (Joint Broker) Peter Krens / Edward Haig-Thomas | +44 20 7186 9030 |
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