Results of Caracal Annual and Special Meeting of Shareholders
19.05.2014 | CNW
CALGARY, May 19, 2014 - Caracal Energy Inc. ("Caracal" or the "Corporation") (LSE:CRCL) announces that at the Annual and Special Meeting of Shareholders (the "Meeting") held in London, UK on May 15, 2014, all resolutions set out in the Notice of Annual and Special Meeting and voted on at the Meeting were passed by the requisite majority.The following resolutions were voted on at the Meeting and carried on a show of hands:
| Resolution | Votes For | Percent | Votes Withheld | Percent |
| The election of the following nominees as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed: | ||||
| Carol Bell | 39,162,969 | 100% | - | - |
| John Bentley | 39,123,038 | 100% | - | - |
| Peter Dey | 39,139,841 | 100% | - | - |
| Gary Guidry | 39,139,841 | 100% | - | - |
| Robert Hodgins | 37,737,156 | 96.4% | 1,385,882 | 3.6% |
| Ron Royal | 39,162,969 | 100% | - | - |
| Brooke Wade | 34,972,233 | 89.3% | 4,190,736 | 10.7% |
| The appointment of KPMG LLP, Chartered Accountants as auditors of the Corporation to hold office for the ensuing year. | 49,367,157 | 100% | - | - |
The following resolutions were approved by a vote conducted by ballot at the Meeting:
| Resolution | Votes For | Percent | Votes Against | Percent |
| An ordinary resolution authorizing the annual amounts regarding the allotment of equity securities. | 36,840,893 | 89.3% | 4,420,986 | 10.7% |
| A special resolution authorizing the limits regarding the dis-application of pre-emption rights. | 41,225,969 | 98.2% | 751,000 | 1.8% |
| An ordinary resolution approving the long-term incentive plan for the Corporation with certain amendments thereto. | 28,712,733 | 69.6% | 12,549,235 | 30.4% |
Non-votes and invalid votes have not been counted in the calculation of the proportion of votes for and against each resolution.
A copy of the Voting Report is available on SEDAR at www.sedar.com and has been submitted to the National Storage Mechanism and will be available at http://www.morningstar.co.uk/uk/NSM.
About Caracal Energy Inc.
Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company entered into three production sharing contracts ("PSCs") with the government of the Republic of Chad. These PSCs provide exclusive rights, along with its partners, to explore and develop reserves and resources over a combined area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil basins with oil discoveries, and numerous exploration prospects.
The Company's shares trade on the London Stock Exchange under the symbol CRCL.
Contact
Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
+1 403-724-7200
Longview Communications - Canadian Media Enquiries
Alan Bayless +1 604-694-6035
Joel Shaffer +1 416-649-8006
FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113
caracalenergy.sc@fticonsulting.com
