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Cadogan Petroleum Plc - Result of AGM

·3-min read

Cadogan Petroleum plc

Result of Annual General Meeting

The Annual General Meeting of Cadogan Petroleum plc was held today at 2.30pm at the offices of Orega, 70 Gracechurch Street, London, EC3V 0HR.

The Directors of the Company wish to announce that all resolutions proposed at the AGM were passed. All resolutions were approved by way of a poll vote as follows:-

Resolution

Ordinary/ Special

For

Against

Total votes cast

No. of votes

%

No. of votes

%

1. To receive the Annual Financial
Report

Ordinary

100,162,706

82.22

21,665,582

17.78

121,828,288

2. To approve the Directors’ Annual
Report on Remuneration

Ordinary

100,135,172

82.19

21,693,116

17.81

121,828,288

3. To approve the Directors’ Remuneration Policy

Ordinary

100,135,172

82.19

21,693,116

17.81

121,828,288

4. To re-elect Michel Meeùs as a Director of the Company

Ordinary

93,228,035

76.52

28,600,253

23.48

121,828,288

5. To re-elect Fady Khallouf as a Director of the Company

Ordinary

93,228,035

76.52

28,600,253

23.48

121,828,288

6. To re-elect Jacques Mahaux as a Director of the Company

Ordinary

93,228,035

76.52

28,600,253

23.48

121,828,288

7. To re-elect Lillia Jolibois as a Director of the Company

Ordinary

93,228,035

76.52

28,600,253

23.48

121,828,288

8. To re-elect Gilbert Lehmann as a Director of the Company

Ordinary

93,228,025

81.12

21,692,116

18.88

114,920,151

9. To re-appoint
BDO LLP as auditor

Ordinary

100,136,172

82.19

21,692,116

17.81

121,828,288

10. To authorise the Directors to determine the auditor’s fees.

Ordinary

100,136,172

82.19

21,692,116

17.81

121,828,288

11. To approve the exceptional bonus scheme for the Company’s CEO

Ordinary

93,227,035

76.52

28,601,253

23.48

121,828,288

12. To authorise the Directors to allot shares.

Ordinary

100,135,172

82.19

21,693,116

17.81

121,828,288

13. To authorise the Directors to disapply pre-emption rights.

Special

100,136,172

82.19

21,692,116

17.81

121,828,288

14. To authorise the Company to purchase its own shares.

Special

100,136,172

82.19

21,692,116

17.81

121,828,288

15. To authorise calling of a general meeting on 14 clear days’ notice.

Special

100,136,172

82.19

21,692,116

17.81

121,828,288

Statement regarding voting results

The Board notes that although resolutions 4 to 7 and 11 were passed with the necessary majority, approximately 23% of votes received were against these resolutions. The Board notes the votes against these resolutions and will endeavour to respond and engage with the shareholders on these matters where appropriate.

Copies of the resolutions passed as special resolutions at the AGM will shortly be available for inspection at the National Storage Mechanism, which is located at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

Ben Harber

Secretary

25th June 2021

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