Source - Alliance News

Genel Energy PLC - London-based oil company focused on the Kurdistan region - Shareholders at annual general meeting vote down the reappointment of Chief Executive Officer Bill Higgs. 55% of shareholders vote against his reappointment, meaning the resolution does not achieve the necessary majority. A majority of shareholders also vote against the reappointment of non-executive directors Tim Bushell and Hassan Gozal.

‘The market will be updated in due course once the board has considered the implications of the vote,’ the company says.

Current stock price: 171.20 pence

12-month change: up 12%

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