BANKERS PETROLEUM LIMITED: Result of AGM
Bankers Petroleum announces annual meeting voting results and election of directors
CALGARY, May 22, 2013 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce that 179,621,461 shares (70.75% of the Company's outstanding shares) were represented at the Annual General and Special Meeting of Shareholders held on May 21, 2013 (the "Meeting"). All of the eight Director nominees proposed in the Company's management information circular, dated April 18, 2013, were elected as Directors of the Company. The voting results for each nominee are set out below:
Votes For Votes Withheld
Nominee Number Percentage Number Percentage
Abdel F. Badwi 165,255,591 92.00 14,365,876 8.00
Eric Brown 165,313,830 92.03 14,307,631 7.97
Wesley Clark 155,298,098 86.46 24,323,363 13.54
Robert Cross 151,731,409 84.47 27,890,052 15.53
Jonathan Harris 157,580,326 87.73 22,041,135 12.27
Phillip Knoll 166,500,140 92.70 13,121,321 7.30
Ian McMurtrie 166,510,640 92.70 13,110,821 7.30
John B. Zaozirny 164,498,207 91.58 15,123,254 8.42
In addition, Bankers reports that 84.22% of the shares represented in person or by proxy at the Meeting were voted in favour of approving its continuance from the Province of British Columbia into the Province of Alberta, pursuant to the Business Corporations Act (Alberta). Following its continuance into Alberta, as announced in the May 13, 2013 news release, the Company will amend its bylaws in order to provide that the shareholder meeting quorum will be set at two persons holding shares, in person or by proxy, representing at least fifteen percent (15%) of the shares entitled to vote thereat and to permit the Company's Board of Directors to waive any requirement under the advance notice provisions of its bylaws relating to the nomination of candidates for election to the Company's Board of Directors.
Bankers also reports that 94.29% of the shares represented in person or by proxy at the Meeting were voted in favour of the continuation of its Shareholder Rights Plan ("SRP"). The Bankers SRP was initially adopted by the Company's Board on April 1, 2010 and subsequently ratified by its shareholders on May 26, 2010. The SRP must be reconfirmed at every third annual meeting of shareholders and, pursuant to the resolution passed by the Company's shareholders at the Meeting, the SRP must next be reconfirmed by June 30, 2016.
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 Mark Hodgson VP, Business Development (403) 513-2695
Email: firstname.lastname@example.org 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
-0- May/23/2013 06:00 GMT