Last checked at 7 Jun 2018 11:40
7 June 2018
SOCO International plc
('SOCO' or 'the Company')
RESULTS OF ANNUAL GENERAL MEETING
The Company announces that at its Annual General Meeting ("AGM") held today at The Bulgari Hotel, 171 Knightsbridge, London SW7 1DW, all resolutions put before the meeting were duly passed on a show of hands.
In accordance with LR 9.6.2, copies of resolutions concerning items other than ordinary business are being submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
On the date of the meeting, SOCO's capital consisted of 341,076,911 ordinary shares of £0.05 each with voting rights; 9,122,268 shares were in Treasury and therefore, the total number of voting rights was 331,954,643. Details of the proxy votes received by the Company before the AGM in respect of each resolution are shown in the table below and will shortly be available on the Company's website, www.socointernational.com:
Resolution | Votes in Favour (Including Discretionary) |
% |
Votes Against |
% | Total Votes (excluding votes withheld) |
Votes Withheld |
1. To receive and adopt the Annual Report and Accounts for the financial year ended 31 December 2017. |
212,374,751
|
100.00%
| 7,500 | 0.00% | 212,382,251 | 0 |
2. To declare a final dividend of 5.25p per share. | 212,382,251 | 100.00% | 0 | 0.00% | 212,382,251 | 0 |
3. To approve the Directors' Remuneration Report included in the Annual Report and Accounts for the financial year ended 31 December 2017. | 178,389,045 | 93.48% | 12,443,905 | 6.52% | 190,832,950 | 21,549,300 |
4. To reappoint Rui C de Sousa, who is Chairman of the Nominations Committee, as a Director. | 207,802,799 | 98.81% | 2,509,114 | 1.19% | 210,311,913 | 2,070,337 |
5. To reappoint Edward T Story, who is a member of the Nominations Committee, as a Director. | 209,026,678 | 98.42% | 3,348,487 | 1.58% | 212,375,165 | 7,086 |
6. To reappoint Robert G Gray, who is Chairman of the Audit & Risk Committee and a member of the Remuneration and Nominations Committees, as a Director. | 203,258,561 | 95.71% | 9,116,603 | 4.29% | 212,375,164 | 7,086 |
7. Resolution 7 - withdrawn*. |
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|
|
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8. To reappoint Ettore P M Contini as a Director. | 211,170,467 | 99.43% | 1,203,787 | 0.57% | 212,374,254 | 7,996 |
9. To reappoint António V M Monteiro, who is the Chairman of the Remuneration Committee and a member of the Audit & Risk and Nominations Committees, as a Director. | 203,511,210 | 95.83% | 8,863,955 | 4.17% | 212,375,165 | 7,086 |
10. To reappoint Janice M Brown as a Director. | 210,103,982 | 98.94% | 2,257,673 | 1.06% | 212,361,655 | 20,596 |
11. To reappoint Michael J Watts as a Director. | 210,242,724 | 99.00% | 2,118,931 | 1.00% | 212,361,655 | 20,596 |
12. To reappoint Deloitte LLP as Auditors to hold office until the conclusion of the next Annual General Meeting at which accounts are laid before the Company. | 209,480,572 | 99.09% | 1,925,998 | 0.91% | 211,406,570 | 975,680 |
13. To authorise the Audit & Risk Committee, for and on behalf of the Directors, to agree the Auditors' remuneration. | 206,257,864 | 97.15% | 6,049,744 | 2.85% | 212,307,608 | 74,642 |
14. To authorise the Directors to allot securities (s.551 of the Companies Act 2006). | 211,655,377 | 99.66% | 726,874 | 0.34% | 212,382,251 | 0 |
15. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006) | 212,331,241 | 99.98% | 51,010 | 0.02% | 212,382,251 | 0 |
16. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006) up to a further 5% for acquisitions or specified capital investments. | 212,064,083 | 99.85% | 309,432 | 0.15% | 212,373,515 | 8,735 |
17. To authorise the Company to repurchase its own Shares (s.701 of the Companies Act 2006). | 212,092,249 | 99.88% | 262,332 | 0.12% | 212,354,581 | 27,669 |
18. To authorise the Directors to call general meetings of the Company (other than an annual general meeting) on not less than 14 clear days' notice. | 209,336,063 | 98.57% | 3,046,188 | 1.43% | 212,382,251 | 0 |
*Following the Company's announcement on 22 May 2018 that Olivier Barbaroux will retire at the conclusion of the AGM, resolution 7, to reappoint Olivier M G Barbaroux as a Director was accordingly withdrawn at today's AGM.
ENQUIRIES:
SOCO International plc Tel: 020 7747 2000
Ed Story, President and Chief Executive Officer
Jann Brown, Managing Director and Chief Financial Officer
Mike Watts, Managing Director
Sharan Dhami, Group Investor Relations Manager
Camarco Tel: 020 3757 4980
Billy Clegg
Georgia Edmonds
Owen Roberts
NOTES TO EDITORS
SOCO is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.
SOCO holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam.
SOCO holds a 25% working interest in the Ca Ngu Vang field of Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Block 9-2 is located in the shallow water Cuu Long Basin, offshore southern Vietnam.
SOCO holds a 40.39% interest in and is designated operator of the Marine XI Block, located in the shallow water Lower Congo Basin offshore, offshore the Republic of Congo (Brazzaville).
SOCO holds a 22% interest in the Production Sharing Agreement for the Cabinda North Block onshore the Angolan enclave of Cabinda.