6th Jun 2011 17:25
RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING HELD ON 6 JUNE 2011
Following the Annual General Meeting held on 6 June 2011, Afren announces the results of the vote for each resolution as follows. All resolutions apart from resolution 2 were duly passed by a show of hands. Resolution 2 did not pass on poll. Resolutions 10, 11 and 12 were passed as special resolutions.
A breakdown of the proxies lodged prior to the AGM in respect of all resolutions other than resolution 2, and a breakdown of the votes cast on the poll on resolution 2 are summarised below.
For | % of votes cast | Against | % of votes cast | Votes Withheld | |
Resolution 1 To approve the accounts and reports for the year ended 31 December 2010 | 600,685,565 | 98.84 | 7,050,544 | 1.16 | 5,257,412 |
Resolution 2 To approve the Director's Remuneration Report for the year ended 31 December 2010 | 246,358,474 | 48.43 | 262,335,142 | 51.57 | 104,369,845 |
Resolution 3 To re-elect Dr. Osman Shahenshah as a director | 595,827,423 | 98.70 | 7,828,740 | 1.30 | 9,339,216 |
Resolution 4 To re-elect Mr. Shahid Ullah as a director | 595,827,674 | 97.21 | 17,099,620 | 2.79 | 68,085 |
Resolution 5 To re-appoint Deloitte LLP as auditors | 540,139,146 | 88.33 | 71,353,068 | 11.67 | 1,503,165 |
Resolution 6 To approve the proposed amendments to the Afren plc 2005 Share Option Scheme | 507,086,497 | 96.67 | 17,457,954 | 3.33 | 88,450,928 |
Resolution 7 To approve the proposed amendments to the Afren plc 2008 Performance Share Plan | 513,461,796 | 97.49 | 13,205,835 | 2.51 | 86,327,748 |
Resolution 8 To approve the Afren plc Employee Benefit Trust | 535,774,649 | 99.91 | 502,112 | 0.09 | 76,718,618 |
Resolution 9 To authorise directors to allot relevant securities | 596,417,130 | 98.29 | 10,395,506 | 1.71 | 6,182,743 |
Resolution 10 To authorise directors for disapplication of pre-emption rights | 612,737,602] | 99.98 | 103,171 | 0.02 | 154,606 |
Resolution 11 To authorise Afren to make market purchases | 612,770,738 | 100 | 17,740 | 0 | 206,901 |
Resolution 12 To permit the 14 days notice to call general meetings | 570,619,136 | 93.11 | 42,231,887 | 6.89 | 144,356 |
Notes
1. Any proxy arrangements which gave discretion to the Chairman have been included in the "for" totals.
2. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a resolution.
3. The total number of votes cast by proxy was 612,839,580.
4. The issued share capital of Afren as at 6 June 2011 is 985,826,463 ordinary shares.
5. All percentages are shown to two decimal points.
In accordance with Listing Rule 9.6.2, copies of resolutions 6, 7, 8, 9, 10, 11 and 12 will shortly be available for inspection on the National Storage Mechanism which can be accessed at www.hemscott.com/nsm.do.
Details of the proxy votes received will also shortly be available for viewing on the company's website at www.afren.com.
Contacts | ||
Afren plc | +44 20 7451 9700 | |
Osman Shahenshah | ||
Galib Virani
| ||
Pelham Bell Pottinger | +44 20 7337 1500 | |
James Henderson | ||
Mark Antelme
| ||
Finsbury | +44 20 7251 3801 | |
Roland Rudd | ||
Andrew Mitchell | ||
Notes to Editors
Afren is an African focused independent oil and gas exploration and production company listed on the main market of the London Stock Exchange and constituent of the Financial Times Stock Exchange Index of the leading 250 UK listed companies. Afren has a portfolio of 29 assets across 11 countries spanning the full cycle E&P value chain. Afren is currently producing from its assets offshore Nigeria and Côte d'Ivoire. Afren has exploration interests in Ghana, Nigeria, Côte d'Ivoire, Congo Brazzaville, the Joint Development Zone of Nigeria - São Tomé & Príncipe, Kenya, Ethiopia, Madagascar, Seychelles, Tanzania and South Africa.
For further information please refer to www.afren.com.
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