TIDMSIA
RNS Number : 6654Q
Soco International PLC
07 June 2018
7 June 2018
SOCO International plc
('SOCO' or 'the Company')
RESULTS OF ANNUAL GENERAL MEETING
The Company announces that at its Annual General Meeting ("AGM")
held today at The Bulgari Hotel, 171 Knightsbridge, London SW7 1DW,
all resolutions put before the meeting were duly passed on a show
of hands.
In accordance with LR 9.6.2, copies of resolutions concerning
items other than ordinary business are being submitted to the
National Storage Mechanism and will shortly be available for
inspection at http://www.morningstar.co.uk/uk/NSM.
On the date of the meeting, SOCO's capital consisted of
341,076,911 ordinary shares of GBP0.05 each with voting rights;
9,122,268 shares were in Treasury and therefore, the total number
of voting rights was 331,954,643. Details of the proxy votes
received by the Company before the AGM in respect of each
resolution are shown in the table below and will shortly be
available on the Company's website, www.socointernational.com:
Resolution Votes in Total
Favour % Votes % Votes Votes
(Including Against (excluding Withheld
Discretionary) votes
withheld)
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
1. To receive
and adopt
the Annual
Report and
Accounts for
the financial
year ended 31
December
2017. 212,374,751 100.00% 7,500 0.00% 212,382,251 0
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
2. To declare a
final
dividend of
5.25p per
share. 212,382,251 100.00% 0 0.00% 212,382,251 0
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
3. To approve
the Directors'
Remuneration
Report
included
in the Annual
Report
and Accounts
for the
financial year
ended
31 December
2017. 178,389,045 93.48% 12,443,905 6.52% 190,832,950 21,549,300
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
4. To reappoint
Rui C
de Sousa, who
is Chairman
of the
Nominations
Committee,
as a Director. 207,802,799 98.81% 2,509,114 1.19% 210,311,913 2,070,337
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
5. To reappoint
Edward
T Story, who
is a member
of the
Nominations
Committee,
as a Director. 209,026,678 98.42% 3,348,487 1.58% 212,375,165 7,086
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
6. To reappoint
Robert
G Gray, who is
Chairman
of the Audit &
Risk Committee
and a member
of the
Remuneration
and
Nominations
Committees,
as a Director. 203,258,561 95.71% 9,116,603 4.29% 212,375,164 7,086
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
7. Resolution 7
- withdrawn*.
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
8. To reappoint
Ettore
P M Contini as
a Director. 211,170,467 99.43% 1,203,787 0.57% 212,374,254 7,996
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
9. To reappoint
António
V M Monteiro,
who is
the Chairman
of the
Remuneration
Committee and
a member
of the Audit &
Risk and
Nominations
Committees,
as a Director. 203,511,210 95.83% 8,863,955 4.17% 212,375,165 7,086
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
10. To
reappoint
Janice
M Brown as a
Director. 210,103,982 98.94% 2,257,673 1.06% 212,361,655 20,596
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
11. To
reappoint
Michael
J Watts as a
Director. 210,242,724 99.00% 2,118,931 1.00% 212,361,655 20,596
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
12. To
reappoint
Deloitte
LLP as
Auditors to
hold
office until
the conclusion
of the next
Annual General
Meeting at
which accounts
are laid
before the
Company. 209,480,572 99.09% 1,925,998 0.91% 211,406,570 975,680
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
13. To
authorise the
Audit & Risk
Committee,
for and on
behalf of
the Directors,
to agree
the Auditors'
remuneration. 206,257,864 97.15% 6,049,744 2.85% 212,307,608 74,642
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
14. To
authorise the
Directors to
allot
securities
(s.551 of the
Companies
Act 2006). 211,655,377 99.66% 726,874 0.34% 212,382,251 0
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
15. To disapply
pre-emption
rights (s.570
and s.573
of the
Companies Act
2006) 212,331,241 99.98% 51,010 0.02% 212,382,251 0
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
16. To disapply
pre-emption
rights (s.570
and s.573
of the
Companies Act
2006) up to a
further
5% for
acquisitions
or
specified
capital
investments. 212,064,083 99.85% 309,432 0.15% 212,373,515 8,735
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
17. To
authorise the
Company to
repurchase
its own Shares
(s.701
of the
Companies Act
2006). 212,092,249 99.88% 262,332 0.12% 212,354,581 27,669
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
18. To
authorise the
Directors to
call general
meetings of
the Company
(other than an
annual
general
meeting) on
not
less than 14
clear days'
notice. 209,336,063 98.57% 3,046,188 1.43% 212,382,251 0
---------------- ----------------------- --------- ------------------ ----- --------------------- -------------------
*Following the Company's announcement on 22 May 2018 that
Olivier Barbaroux will retire at the conclusion of the AGM,
resolution 7, to reappoint Olivier M G Barbaroux as a Director was
accordingly withdrawn at today's AGM.
ENQUIRIES:
SOCO International plc Tel: 020 7747 2000
Ed Story, President and Chief Executive Officer
Jann Brown, Managing Director and Chief Financial Officer
Mike Watts, Managing Director
Sharan Dhami, Group Investor Relations Manager
Camarco Tel: 020 3757 4980
Billy Clegg
Georgia Edmonds
Owen Roberts
NOTES TO EDITORS
SOCO is an international oil and gas exploration and production
company, headquartered in London and traded on the London Stock
Exchange. The Company has field development and production
interests in Vietnam and exploration and appraisal interests in the
Republic of Congo (Brazzaville) and Angola.
SOCO holds a 30.5% working interest in the Te Giac Trang Field
of Block 16-1, which is operated by the Hoang Long Joint Operating
Company. Block 16-1 is located in the shallow water Cuu Long Basin,
offshore southern Vietnam.
SOCO holds a 25% working interest in the Ca Ngu Vang field of
Block 9-2, which is operated by the Hoan Vu Joint Operating
Company. Block 9-2 is located in the shallow water Cuu Long Basin,
offshore southern Vietnam.
SOCO holds a 40.39% interest in and is designated operator of
the Marine XI Block, located in the shallow water Lower Congo Basin
offshore, offshore the Republic of Congo (Brazzaville).
SOCO holds a 22% interest in the Production Sharing Agreement
for the Cabinda North Block onshore the Angolan enclave of
Cabinda.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
RAGUBORRWBANRAR
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