Canadian Overseas Petroleum Ltd: Result of AGM
June 13 2014 - 6:00AM
Marketwired
Canadian Overseas Petroleum Ltd: Result of AGM
CALGARY, AB--(Marketwired - Jun 13, 2014) -
Canadian Overseas Petroleum Announces Voting Results from the
2014 Annual General Meeting of Shareholders
Calgary, Canada, June 13, 2014 - Canadian Overseas Petroleum
Limited ("COPL" or the "Company") (TSX-VENTURE: XOP) & (LSE:
COPL) is please to announce that at its Company's annual general
meeting of shareholders held on June 12, 2014, COPL's shareholders
approved the resolutions outlined in the Notice of 2014 Annual
General Meeting and Management Proxy Circular dated April 15,
2014.
During business proceedings at the meeting, shareholders
approved the following resolutions:
1. Election of Directors
Name of Nominee |
|
Votes For |
|
Percentage |
|
Votes Withheld |
|
Percentage |
Arthur S. Millholland |
|
149,936,010 |
|
97.81% |
|
3,363,710 |
|
2.19% |
Massimo C. Carello |
|
152,837,260 |
|
99.70% |
|
462,460 |
|
0.30% |
Harald H. Ludwig |
|
152,912,260 |
|
99.75% |
|
387,460 |
|
0.25% |
J. Christopher McLean |
|
152,837,260 |
|
99.70% |
|
462,460 |
|
0.30% |
Richard H. Schmitt |
|
152,837,260 |
|
99.70% |
|
462,460 |
|
0.30% |
Viscount William Astor |
|
137,587,260 |
|
89.75% |
|
15,712,460 |
|
10.25% |
2. Appointment of Auditors By resolution passed by a show
of hands, Deloitte LLP was appointed as auditor of COPL for the
ensuing year and authorizing the directors to fix the auditor's
remuneration.
3. Approval of Stock Option Plan By resolution passed by a
show of hands, the Stock Option Plan of the Company was
approved.
4. Approval of Long Term Incentive Plan The Long Term
Incentive Plan of the Company was approved by a majority of
disinterested shareholders.
About the Company COPL is an international oil and gas
exploration and development company focused in the offshore West
Africa. The Company holds a 17% working interest in Block LB-13,
offshore Liberia, with ExxonMobil the operator holding an 83%
working interest. COPL is actively pursuing opportunities in
Nigeria as part of its strategy to generate stable cash flow from
secure offshore assets.
For Further Information Please Contact:
COPL Mr. Arthur Millholland, President and CEO Phone:
+1 403 262 5441
Investor and Public Relations Bell Pottinger Mark Antelme or
Henry Lerwill North America Toll Free: +1 866 834 8330
Phone: +44 (0) 207 861 Joint
Brokers GMP Securities Europe Phone: +44 (0)20 7647
2800
finnCap Phone: +44 (0)20 7220
0500
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: RNS Customer Services 0044-207797-4400
rns@londonstockexchange.com http://www.rns.com
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