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Result of AGM

22nd Dec 2021 07:00

RNS Number : 4144W

Lekoil Limited

22 December 2021

Lekoil Limited

("LEKOIL" or the "Company")

Results of Annual General Meeting

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa announces the results of the Company's Annual General Meeting ("AGM") held on 21 December 2021.

Following a vote by shareholders with a combined share capital of 258,051,201 ordinary shares representing 48.07% of the issued share capital of the Company, results on each of the resolutions put to the AGM are as set out below. Resolutions 1 to 9 were ordinary resolutions requiring a simple majority of votes cast to pass. Resolution 10 was a special resolution requiring a majority of 75% of votes cast. All resolutions put to the meeting were duly passed except for Resolution 10.

Resolution

Voting Result

For

Against

1. Annual Reports and Accounts	237,094,678	91.88%		20,956,223	8.12%
2. Re-election of Marco D'Attanasio	184,639,920	71.55%		73,411,281	28.45%
3. Re-election of Alphonso Tindall	185,750,125	71.98%		72,301,076	28.02%
4. Re-election of Olapade Durotoye	185,766,449	71.99%		72,284,752	28.01%
5. Re-election of Adeoye Adefulu	185,766,449	71.99%		72,284,752	28.01%
6. Electronic distribution of Annual Returns and Financial Statements	187,230,172	72.56%		70,821,029	27.44%
7. Authority of Directors to allot shares up to an aggregate number of 177,134,394	135,965,690	52.69%		122,085,511	47.31%
8. Authority of Directors to allot shares to settle accrued but unpaid fees to creditors who agree to take part or all of their fees in Relevant Securities	136,802,360	53.01%		121,248,841	46.99%
9. Authority of Directors to allot shares to the Lenders in respect of outstanding amounts under the Convertible Facility Agreement	135,965,690	52.69%		122,085,511	47.31%
10. the disapplication of shareholder pre-emption rights in respect of up to 53,667,998 shares issued for cash consideration, such disapplication to be expire at the conclusion of the next AGM	135,965,690	52.69%		122,085,511	47.31%

For further information, please visit www.lekoilplc.com or contact:
SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) Jeff Keating / Stuart Gledhill			+44 20 3470 0470
Tennyson Securities (Joint Broker) Peter Krens / Edward Haig-Thomas			+44 20 7186 9030

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END

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