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Xcite Energy Limited Announces Result of AGM


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Published in Business and Finance on Wednesday, May 26th 2010 at 23:20 GMT by Market Wire   Print publication without navigation


ABERDEENSHIRE, UK--(Marketwire - May 27, 2010) - This Announcement Is Not for Release, Publication or Distribution in or Into the United States

Xcite Energy (TSX-V: [ XEL ]) (LSE: XEL) (AIM: XEL) is pleased to announce the results of its Annual General Meeting held on May 26, 2010.

  1. The Annual General Meeting of the Company voted to reappoint the following nominated directors to the board of directors of the Company and for them to continue in office in accordance with the Company's Articles of Association:

    Roger S. Ramshaw
    Gregory J. Moroney
    Scott R. Cochlan

  2. The term of office as director of Richard E. Smith, Rupert E. Cole, Timothy S. Jones and Stephen A. Kew continues in accordance with the Company's Articles of Association.

  3. The Annual General Meeting of the Company voted to reappoint BDO LLP as auditors for the ensuing year and authorised the directors of the Company to fix their remuneration.

  4. The Annual General Meeting of the Company voted for the resolution to ratify and confirm the Stock Option Plan of the Company dated September 26th, 2007.

For further details, please see the management proxy circular available on [ www.sedar.com ].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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