SEPLAT Petroleum Development Company Plc Announces Resolutions At Its AGM Held May 16th, 2019

Monday, May 20, 2019  / 10:47AM / By NSE / Header Image Credit: Seplat Petroleum

SEPLAT Petroleum Development Company Plc announces that at its Annual General Meeting held yesterday, Thursday 16 May 2019, all resolutions set out in the Notice of Annual General Meeting put to the shareholders were duly passed by the requisite majority.

The results of each resolution voted by way of poll including proxy votes lodged with the Company’s Registrars are set out below:

Notes

1. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any resolution nor in the calculation of the proportion of "Percentage of ISC voted" for any resolution.

2. The percentage of votes "For" and "Against" any resolution is expressed as a percentage of votes validly cast for that resolution.

3. In accordance with Section 225 (3) of the Nigerian Companies and Allied Matters Act (CAMA), the election of the statutory Audit Committee shareholder representative members is conducted by a show of hands at the AGM rather than by poll and proxy.

4. The Issued Share Capital (“ISC”) at the time of the Annual General Meeting was 588,444,561 shares denominated in Naira of 50 kobo per share. The proportion of "Percentage of ISC voted" for any resolution is the total of votes "For" and "Against" in respect of that resolution expressed as a percentage of the ISC.

5. In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism and will shortly be available to view at http://www.morningstar.co.uk/uk/NSM. The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website.

Related News

1.       Seplat Plc - Still Cheap Despite Short-Term Drags

2.      Seplat Development Company Plc-Tax Credit Masks Weak Operating Performance

3.      SEPLAT Declares N10.02bn PAT in Q1 2019 Results,(SP:N575.00k)

4.      SEPLAT Announces Full Year 2018 Final Dividend Currency Exchange Rates

5.      SEPLAT Declares N44.87 billion PAT in 2018 Audited Results; Proposes $0.05 Final Dividend

6.      SEPLAT Notifies of the Resolutions of the Board Meeting Held on the 28th of February 2019

7.      SEPLAT Notifies on Issuing its Full Year 2018 Financial Results on Wednesday 6 March 2019

8.     Oil and Gas Sector – SEPLAT Tops on EPS and PAT Margin

9.      Seplat Upgraded To 'B' After Further Progress On Derisking Its Business; Outlook Stable

10.  SEPLAT Notifies of Extension of the Closed Period on its Share Dealings

11.   SEPLAT Issues Notice of Closed Period On Seplat Share Dealings For 2018 Full Year Results