28 Jun 2016 10:25
28 June 2016
Eland Oil & Gas PLC
("Eland" or the "Company")
Result of Annual General Meeting
Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting yesterday were duly passed.
Set out below are the voting proxies in respect of the resolutions received by the Company at the close of register on 23 June 2016. The number of voting ordinary shares in issue at that date was 186,319,340.
Resolution | For | % | Against | % | Votes Total | Withheld * |
Resolution 1 Annual Report& Accounts | 108,987,490 | 100 | 0 | 0 | 108,988,090 | 0 |
Resolution 2 Re-election of Russell Harvey | 108,987,490 | 100 | 0 | 0 | 108,988,090 | 0 |
Resolution 3 Election of Olivier Serra | 108,967,158 | 100 | 0 | 0 | 108,967,758 | 20,332 |
Resolution 4 Election of Grégory Stoupnitzky | 108,967,158 | 100 | 0 | 0 | 108,967,758 | 20,332 |
Resolution 5 Re-appointment of auditor | 108,987,490 | 100 | 0 | 0 | 108,988,090 | 0 |
Resolution 6 Directors' authority to determine auditor's remuneration | 108,987,490 | 100 | 0 | 0 | 108,988,090 | 0 |
Resolution 7 Directors' authority to allot ordinary shares | 108,967,158 | 100 | 0 | 0 | 108,967,758 | 20,332 |
Resolution | For | % | Against | % | Votes Total | Withheld * |
Resolution 8** Disapplication of statutory pre-emption rights on allotment of shares | 105,37,1945 | 96.7 | 3,595,213 | 3.3 | 108,967,758 | 20,332 |
Resolution 9** Purchase of own shares by the Company | 108,967,158 | 100 | 0 | 0 | 108,967,758 | 20,332 |
* A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' or 'Against' a resolution.
** Indicates a Special Resolution.
For further information:
Eland Oil & Gas PLC (+44 (0)1224 737300)
www.elandoilandgas.com
George Maxwell, CEO
Olivier Serra, CFO
Finlay Thomson, IR
Canaccord Genuity Limited (+44 (0)20 7523 8000)
Henry Fitzgerald O'Connor
Nilesh Patel
Panmure Gordon (UK) Limited (+44 (0)20 7886 2500)
Adam James / Atholl Tweedie
Tom Salvesen
Camarco (+44 (0) 203 757 4980)
Billy Clegg / Georgia Mann
Eland Oil & Gas (ELA)