06:28:18 EDT Sun 05 May 2024
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or Name
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Africa Oil Corp
Symbol AOI
Shares Issued 462,320,871
Close 2023-05-25 C$ 2.78
Market Cap C$ 1,285,252,021
Recent Sedar Documents

Africa Oil shareholders elect seven directors

2023-05-25 17:30 ET - News Release

Mr. Shahin Amini reports

AFRICA OIL ANNOUNCES ANNUAL MEETING VOTING RESULTS

Africa Oil Corp. has released voting results from the company's annual general meeting of shareholders held today in Vancouver, B.C.

A total of 176,009,443 common shares were voted at the meeting, representing 38.07 per cent of the votes attached to all the outstanding common shares of the company. Shareholders voted in favour of all items of business as shown in the attached table.

Election of directors                         % for   % withheld

Andrew Bartlett                               97.15%        2.85%    
John Craig                                    95.90%        4.10%    
Ian Gibbs                                     97.86%        2.14%    
Gary Guidry                                   97.64%        2.36%    
Keith Hill                                    96.85%        3.15%    
Erin Johnston                                 96.87%        3.13%    
Kimberley Wood                                91.25%        8.75%    
                                                                
Appointment of auditor                        % for   % withheld

PricewaterhouseCoopers LLP                    98.76%        1.24%    
                                                                
                                              % for    % against
 
Advisory resolution on executive compensation 92.21%        7.79%

All seven directors will serve on the company's board until the next annual general meeting of shareholders or until their successors are elected or appointed.

Detailed voting results for the 2023 annual general meeting are available on SEDAR.

About Africa Oil Corp.

Africa Oil is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa as well as Guyana. The company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol AOI.

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