Close
RNS Number : 4547Z
SEPLAT Petroleum Development Co PLC
17 May 2019
 

17 May 2019

 

Seplat Petroleum Development Company Plc ("Seplat" or the "Company")

 

Results of the Annual General Meeting

 

Seplat Petroleum Development Company Plc announces that at its Annual General Meeting held yesterday, Thursday 16 May 2019 at the
Civic
 Centre, Victoria Island, Lagos, Nigeria, all resolutions set out in the Notice of Annual General Meeting put to the shareholders were 
duly passed by the requisite majority.

 

The results of each resolution voted by way of poll including proxy votes lodged with the Company's Registrars are set out below:

 

RESOLUTIONS

FOR

AGAINST

TOTAL VOTES

% of ISC

Votes

VOTES WITHHELD

RESULT

Holding

% Holding

Holding

% Holding

Resolution 1: To receive the Annual Accounts, Directors' Report, Auditors' Report for the year ended 31 December 2018 and the Audit Committee Report.

        304,038,429

100.00%

                            -  

0.00%

          304,038,429

51.67%

              284,406,132

CARRIED

Resolution 2: To declare a final dividend recommended by the Board of Directors of the Company in respect of the financial year ended 31 December 2018.

        306,853,146

100.00%

                           20

0.00%

          306,853,166

52.15%

              281,591,395

CARRIED

Resolution 3: To Re-Appoint Ernst & Young Nigeria as Auditors of the Company from the conclusion of this Meeting until the conclusion of the next General Meeting of the Company at which the Company's Annual Accounts are laid.

        181,494,795

100.00%

                              1

0.00%

          181,494,796

30.84%

              406,949,765

CARRIED

Resolution 4: To authorize the Board of Directors of the Company to determine the Auditors' Remuneration.

        306,450,320

100.00%

                           20

0.00%

          306,450,340

52.08%

              281,994,221

CARRIED

Resolution 5a: To Re-appoint Mrs. Ifueko Marina Omoigui Okauru as a Director of the Company.

        157,406,149

100.00%

                           23

0.00%

          157,406,172

26.75%

              431,038,389

CARRIED

Resolution 5b: To Re-appoint Mr. Damian Dinshiya Dodo (SAN) as a Director of the Company.

        233,832,699

99.95%

                 106,770

0.05%

          233,939,469

39.76%

              354,505,092

CARRIED

Resolution 6: To Elect Members of the Audit Committee.

 Voting by show of hand. 3 Members representing shareholders elected

CARRIED

Resolution 7: To Approve the Remuneration Section of the Directors' Remuneration Report set out in the Annual Report and Accounts for the year ended 31 December 2018.

        306,646,218

99.86%

                 430,620

0.14%

          307,076,838

52.18%

              281,367,723

CARRIED

 

Notes:

 

1.        A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any resolution nor in the calculation of the proportion of "Percentage of ISC voted" for any resolution.

 

2.         The percentage of votes "For" and "Against" any resolution is expressed as a percentage of votes validly cast for that resolution.

 

3.       In accordance with Section 225 (3) of the Nigerian Companies and Allied Matters Act (CAMA), the election of the statutory Audit Committee shareholder representative members is conducted by a show of hands at the AGM rather than by poll and proxy.

 

4.         The Issued Share Capital ("ISC") at the time of the Annual General Meeting was 588,444,561 shares denominated in Naira of 50 kobo per share.  The proportion of "Percentage of ISC voted" for any resolution is the total of votes "For" and "Against" in respect of that resolution expressed as a percentage of the ISC.

 

5.         In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism and will shortly be available to view at http://www.morningstar.co.uk/uk/NSM. The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website at http://www.seplatpetroleum.com.

 

- Ends -

 

Enquiries

 

Seplat Petroleum Development Company Plc

 

Roger Brown, CFO

+44 (0) 203 725 6500

Ayeesha Aliyu, Investor Relations

+234 12 770 400

Chioma Nwachuku, GM External Affairs & Communications

 

 

 

FTI Consulting

 

Ben Brewerton / Sara Powell

+44 (0) 203 727 1000

 

seplat@fticonsulting.com

 

Notes to editors

Seplat Petroleum Development Company Plc is a leading indigenous Nigerian oil and gas exploration and production  company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange ("LSE") (LSE:SEPL) and Nigerian Stock Exchange ("NSE") (NSE:SEPLAT).  For further information please refer to the Company website, http://seplatpetroleum.com/


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RAGSFMFDWFUSEII