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Results of Annual General Meeting
ASX/MEDIA ANNOUNCEMENT
20 November 2014
Company Announcements Officer
Australian Securities Exchange
20 Bridge Street, SYDNEY NSW 2000
Dear Sir/Madam
Results of Galilee Energy Limited Annual General Meeting 2014
Pursuant to Listing Rule 3.13.2, the Directors of Galilee Energy Limited (ASX Code: GLL) are pleased to advise that all of the ordinary resolutions contained in the Notice of Meeting dated 17 October 2014 and considered by Shareholders at the Annual General Meeting of the Company, held on 20 November
2014 were passed on a show of hands.
Disclosure of Proxy Results
In accordance with Section 251AA(1) of the Corporations Act 2001, the following summary of proxies received in respect to each resolution are set out in the below proxy summary table:
No
|
Resolution
|
In Favour
|
Against
|
Abstain
|
Proxy's
Discretion
|
1
|
Adoption of Remuneration Report.
|
29,234,799
|
10,115,436
|
9,547,614
|
5,924,596
|
2
|
Re-election of Dr David King as a
Director.
|
57,240,081
|
576,431
|
50,000
|
5,924,596
|
3
|
Election of Mr Ray Shorrocks as a
Director
|
54,081,998
|
1,271,431
|
2,513,083
|
5,924,596
|
4
|
Issue of Performance Rights to Peter
Lansom.
|
46,733,916
|
1,961,316
|
213,617
|
5,913,596
|
5
|
Issue of Performance Rights to Paul
Bilston.
|
46,733,916
|
1,986,316
|
188,617
|
5,913,596
|
A: Level 4, Rowes Building, 235 Edward Street, Brisbane QLD 4000 / P: GPO Box 1944, Brisbane QLD 4001 /
T: +61 7 3211 8555
E: [email protected]
GALILEE ENERGY LIMITED
ABN: 11 064 957 419
ASX: GLL
www.galilee-energy.com.au
ASX/MEDIA ANNOUNCEMENT
About Galilee
Galilee's Board and management are focused on building and expanding its asset mix to create a mid-tier exploration and production company. Galilee has a clear plan to grow shareholder value and the capacity to execute.
Strong Balance sheet
Proven successful Board and Management
New strategic direction
Directors
Chairman - David King
Managing Director - Peter Lansom
Executive Director - Paul Bilston
Non-executive Director - Ray Shorrocks
Shares
Shares on issue - 152,140,466
Top 20 holders - 53.75% *
Directors and Management - 6.22%
*As at 31 October 2014
.
www.galilee-energy.com.au
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