Bankers Petroleum announces Annual Meeting voting results and election of
Directors
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:
Votes For Votes Withheld
Nominee 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
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
(BNK)