published on 06/21/2024 at 12:10 from Gulf Keystone Petroleum Ltd (isin : BMG4209G2077)

Result of AGM

Gulf Keystone Petroleum Ltd (GKP)
Result of AGM

21-Jun-2024 / 11:10 GMT/BST

21 June 2024

Gulf Keystone Petroleum Ltd. (LSE: GKP)

(“Gulf Keystone”, “GKP” or “the Company”)

Result of Annual General Meeting

The Board of Gulf Keystone is pleased to announce that all the resolutions proposed at the Company's 2024 Annual General Meeting ("AGM") held today at 9 A.M (BST) via webcast were duly passed by shareholders.

The results of the AGM are as follows:

RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	VOTES WITHHELD
THAT BDO LLP be appointed as the Company’s auditor to hold office from the close of this meeting until the close of the Company’s next annual general meeting and that the Board of Directors be authorised to determine the auditor’s remuneration.	92,298,471	100.00%	2,421	0.00%	92,300,892	41.47%	24,418
THAT Mr Martin Angle be and is hereby re-appointed as a Director in accordance with the Bye-laws.	92,168,667	99.86%	131,525	0.14%	92,300,192	41.47%	25,102
THAT Mr Julien Balkany be and is hereby appointed as a Director in accordance with the Bye-laws.	92,172,091	99.92%	70,811	0.08%	92,242,902	41.45%	152,408
THAT Ms Wanda Mwaura be and is hereby re-appointed as a Director in accordance with the Bye-laws.	92,098,074	99.89%	103,463	0.11%	92,201,537	41.43%	123,773
THAT Mr David Thomas be and is hereby re-appointed as a Director in accordance with the Bye-laws.	92,079,394	99.86%	125,401	0.14%	92,204,795	41.43%	120,266
THAT Mr Jon Harris be and is hereby re-appointed as a Director in accordance with the Bye-laws.	92,136,028	99.92%	71,134	0.08%	92,207,162	41.43%	118,148
THAT Mr Gabriel Papineau-Legris be and is hereby appointed as a Director in accordance with the Bye-laws.	92,165,693	99.96%	39,303	0.04%	92,204,996	41.43%	120,314
THAT the Directors’ Remuneration Report as set out in the Annual Report for the year ended 31 December 2023 be and is hereby approved.	91,545,527	99.29%	656,000	0.71%	92,201,527	41.43%	123,738
THAT the Company be generally and unconditionally authorised to make market purchases of its Common Shares.	92,169,605	100.00%	2,496	0.00%	92,172,101	41.42%	150,404
THAT the rules of the Gulf Keystone Petroleum 2024 Long Term Incentive Plan are approved.	90,761,523	99.17%	762,631	0.83%	91,524,154	41.13%	804,565
THAT the rules of the Gulf Keystone Petroleum 2024 Deferred Bonus Plan are approved.	91,266,020	99.68%	293,871	0.32%	91,559,891	41.14%	804,604
THAT the Directors’ Remuneration Policy approved by shareholders in 2022 be amended to permit a one-off retention payment to the Chief Executive Officer in January 2025.	83,364,568	91.04%	8,205,129	8.96%	91,569,697	41.15%	794,798

Continuation of share buyback programme

Following the passing of Resolution 9, the Company’s share buyback programme of Common Shares for up to a maximum aggregate consideration of $10 million will continue to the earlier of its completion or the Company’s 2025 Annual General Meeting, in accordance with the terms set out in the announcement on 13 May 2024.

Board and Committee composition

Following conclusion of the AGM, Gabriel Papineau-Legris has been appointed as executive director and Chief Financial Officer, replacing Ian Weatherdon upon his retiral.

As previously disclosed, the Company is currently in a recruitment process for additional independent non-executive directors upon Kimberley Wood stepping down from the Board at the AGM. In the meantime, Martin Angle has been appointed Chair of the Remuneration Committee on an interim basis pending conclusion of this recruitment process. In addition, David Thomas has been appointed Deputy Chair of the Board and interim Senior Independent Director. Wanda Mwaura has been appointed as a member of the Remuneration Committee.

An update on the recruitment process will be provided when appropriate.

Enquiries:

Gulf Keystone:	+44 (0) 20 7514 1400
Aaron Clark, Head of Investor Relations & Corporate Communications	aclark@gulfkeystone.com
FTI Consulting	+44 (0) 20 3727 1000
Ben Brewerton Nick Hennis	GKP@fticonsulting.com

or visit: www.gulfkeystone.com

Notes to Editors:

Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com

Disclaimer

This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business. These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.

Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN:	BMG4209G2077
Category Code:	MSCM
TIDM:	GKP
LEI Code:	213800QTAQOSSTNTPO15
Sequence No.:	329559
EQS News ID:	1930779


End of Announcement	EQS News Service

Annual General Meeting Share Buyback Program AGM Gulf Keystone Petroleum Ltd Gabriel Papineau-Legris

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