Genel Energy

AGM Information • May 12, 2022

National Storage Mechanism | Additional information

Genel Energy PLC (GENL)

Genel Energy PLC: Results of AGM

12-May-2022 / 12:48 GMT/BST

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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12 May 2022

Genel Energy plc

Results of Annual General Meeting 12 May 2022

The Annual General Meeting of Genel Energy plc was held today, Thursday, 12 May 2022 and the results of the votes by shareholders are set out below. The number of ordinary shares of £0.10p each in the Company in issue at the date of the meeting was 278,436,192 and each share attracted one vote.

Resolution 12 to re-elect Nazli K. Williams was withdrawn prior to the meeting.

The results were as follows:

Resolutions	For	%	Against	%	Withheld	Total lodged
1. To receive the audited financial statements of the Company for the year ended 31 December 2021	211,120,476	100.00%	0	0.00%	303,433	211,120,476
2. To declare a final distribution of 12 US cents per ordinary share for the financial year ending 31 December 2021	211,423,909	100.00%	0	0.00%	0	211,423,909
3. To approve the Annual Report on Remuneration for the year ended 31 December 2021	211,269,755	99.94%	133,909	0.06%	20,245	211,403,664
4. To re-elect Mr David McManus as a Non‑Executive Director	163,024,465	77.11%	48,380,112	22.89%	19,332	211,404,577
5. To re-elect Dr Bill Higgs as an Executive Director	95,126,814	45.00%	116,277,763	55.00%	19,332	211,404,577
6. To re-elect Sir Michael Fallon as a Non‑Executive Director	189,786,334	89.77%	21,632,686	10.23%	4,889	211,419,020
7. To re-elect Mr Ümit Tolga Bilgin as a Non-Executive Director	190,039,331	89.89%	21,365,246	10.11%	19,332	211,404,577
8. To re-elect Mr Tim Bushall as a Non-Executive Director	94,806,286	44.85%	116,598,291	55.15%	19,332	211,404,577
9. To elect Ms Canan Ediboglu as Non-Executive Director	210,883,422	99.75%	535,598	0.25%	4,889	211,419,020
10. To re-elect Mr Hassan Gozal as a Non-Executive Director	93,200,935	44.09%	118,202,642	55.91%	20,332	211,403,577
11. To elect Mr Yetik K. Mert as a Non-Executive Director	211,331,600	99.97%	71,977	0.03%	20,332	211,403,577
13. To appoint BDO LLP as the Company’s auditor	211,402,641	99.99%	16,943	0.01%	4,325	211,419,584
14. To authorise the Directors to set the Auditor’s fees	211,403,995	100.00%	2,000	0.00%	17,914	211,405,995
15. To give the Company limited authority to make political donations and expenditure	157,859,513	99.91%	144,513	0.09%	53,419,883	158,004,026
16. To authorise the Company to purchase its Ordinary Shares	148,624,792	70.31%	62,768,302	29.69%	30,815	211,393,094
17. To permit the Company to hold general meetings, other than an AGM, on not less than 14 clear days’ notice	211,283,982	99.94%	136,602	0.06%	3,325	211,420,584

Bill Higgs, Tim Bushell, and Hassan Gozal did not receive the required 50% majority of votes in favour of election and accordingly have not been reappointed as Directors. The market will be updated in due course once the Board has considered the implications of the vote.

The Board of Directors notes that, although resolutions 4 and 16 were passed with the requisite majority, c.77%  and c.70% of votes were cast against respectively. The Board will take note of the voting and engage with shareholders.

Following the approval of resolution 2, Genel confirms the payment of a final dividend of 12¢ per share in relation to the 2021 financial year. The final dividend payment timetable is below:

• Ex-dividend date: 14 April 2022
• Record Date: 19 April 2022
• Payment Date: 18 May 2022

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.genelenergy.com and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of the special resolutions (resolutions 16 and 17) passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 

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For further information, please contact:

Genel Energy Andrew Benbow, Head of Communications	+44 20 7659 5100
Vigo Consulting Patrick d’Ancona	+44 20 7830 9700

Notes to editors:

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and progressive dividend. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.

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ISIN:	JE00B55Q3P39, NO0010894330
Category Code:	RAG
TIDM:	GENL
LEI Code:	549300IVCJDWC3LR8F94
Sequence No.:	161382
EQS News ID:	1351191

End of Announcement	EQS News Service

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