CALGARY, May 22, 2014 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK) (AIM: BNK) is pleased to announce that 174,781,347 shares (67.68% of the Company's outstanding shares) were represented at the Annual and Special Meeting of Shareholders held on May 21, 2014 (the "Meeting"). All of the nine Director nominees proposed in the Company's management information circular, dated April 15, 2014, were elected as Directors of the Company. The voting results for each nominee are set out below:
| Nominee |
Votes For |
Votes Withheld |
| Number |
Percentage |
Number |
Percentage |
| Abdel F. Badwi |
163,730,379 |
95.37 |
7,954,405 |
4.63 |
| Eric Brown |
158,251,792 |
92.18 |
13,432,992 |
7.82 |
| Wesley Clark |
155,188,694 |
90.39 |
16,496,090 |
9.61 |
| Robert Cross |
152,024,278 |
88.55 |
19,658,840 |
11.45 |
| David French |
170,940,134 |
99.57 |
744,650 |
0.43 |
| Jonathan Harris |
162,229,735 |
94.49 |
9,455,049 |
5.51 |
| Phillip Knoll |
170,917,903 |
99.55 |
766,881 |
0.45 |
| Ian McMurtrie |
170,904,703 |
99.55 |
780,081 |
0.45 |
| John B. Zaozirny |
169,129,377 |
98.51 |
2,555,407 |
1.49 |
| |
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In addition, Bankers reports that 83.46% of the shares represented in person or by proxy at the Meeting were voted in favour of certain amendments to and the continuation of the Bankers Stock Option Plan as more particularly set forth in the Management Information Circular.
Bankers also reports that 82.51% of the shares represented in person or by proxy at the Meeting were voted in favour of the Restricted Share Unit Plan put forth in the Management Information Circular.
Lastly, Bankers reports that 55.59% of the shares represented in person or by proxy at the Meeting were voted in favour of adopting By-Law No. 1. At last year's meeting of Bankers Shareholders held on May 21, 2013, Bankers Shareholders authorized the continuance of the Company from the corporate laws of British Columbia to the corporate laws of Alberta (the "Continuance") and By-Law No. 1 was put forward for ratification at the Meeting in connection with the approval of the Continuance. The Company was formally continued under the corporate laws of Alberta on March 10, 2014.
Accordingly the Company confirms that all resolutions were passed.
Investor Day 2014
As previously announced, Bankers will hold an Investor Day presentation for analysts and institutional investors in Toronto and London in June. Members of the Company's Management and technical team will present on the topics of cost structure, early-stage polymer and water flood results as well as the 5-year plan for the Company.
Event Details are as follows:
Toronto, Canada
One King West Hotel
Monday, June 9, 2014
12:00 pm - 3:00 pm
London, England
The May Fair Hotel
Wednesday, June 11, 2014
8:00 am - 11:00 am
Institutional investors and analysts that are interested in attending are requested to register by emailing Laura Bechtel at lbechtel@bankerspetroleum.com for further details on the 2014 Investor Days. Webcast detail will be announced prior to the event.
About Bankers Petroleum Ltd.
Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developing large oil and gas reserves. In Albania, Bankers operates and has the full rights to develop the Patos-Marinza heavy oilfield, has a 100% interest in the Kuçova oilfield, and a 100% interest in Exploration Block "F". Bankers' shares are traded on the Toronto Stock Exchange and the AIM Market in London, England under the stock symbol BNK.
SOURCE Bankers Petroleum Ltd.
For further information:
David French
President and Chief Executive Officer
(403) 513-6930
Doug Urch
Executive VP, Finance and Chief Financial Officer
(403) 513-2691
Laura Bechtel
Investor Relations Analyst
(403) 513-3428
Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com
AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200
