Last checked at 30 Apr 2015 16:32
Tullow Oil plc
30 April 2015
TULLOW OIL PLC ("Tullow" or the "Company")
RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING
HELD ON 30 APRIL 2015
Tullow announces that at its Annual General Meeting held earlier today, all resolutions set out in the Notice of Annual General Meeting put to the Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the Annual General Meeting was voted on by way of a poll and the results are set out below:
Resolution | For(No. of shares) | For(%) | Against(No. of shares) | Against(%) | Votes Withheld(No. of shares) | Total issued share capital instructed(%) | |
1. | To receive and adopt the annual accounts and associated reports | 659,477,093 | >99.99 | 7,924 | 992,170 | 72.39% | |
2. | To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration | 630,764,351 | 96.55 | 22,532,315 | 3.45 | 7,175,014 | 71.71% |
3. | To elect Mike Daly as a Director | 659,193,411 | 99.86 | 956,913 | 0.14 | 326,863 | 72.46% |
4. | To re-elect Jeremy Wilson as a Director | 659,162,724 | 99.85 | 986,724 | 0.15 | 326,529 | 72.46% |
5. | To re-elect Tutu Agyare as a Director | 659,162,257 | 99.85 | 988,524 | 0.15 | 326,406 | 72.46% |
6. | To re- elect Anne Drinkwater as a Director | 659,217,378 | 99.86 | 938,383 | 0.14 | 321,426 | 72.46% |
7. | To re-elect Ann Grant as a Director | 659,236,581 | 99.86 | 913,950 | 0.14 | 326,656 | 72.46% |
8. | To re-elect Aidan Heavey as a Director | 658,872,939 | 99.81 | 1,281,646 | 0.19 | 320,602 | 72.46% |
9. | To re-elect Steve Lucas as a Director | 658,393,020 | 99.73 | 1,761,592 | 0.27 | 322,575 | 72.46% |
10. | To re-elect Graham Martin as a Director | 655,647,009 | 99.32 | 4,509,307 | 0.68 | 320,871 | 72.46% |
11. | To re-elect Angus McCoss as a Director | 658,835,759 | 99.80 | 1,316,475 | 0.20 | 324,782 | 72.46% |
12. | To re-elect Paul McDade as a Director | 658,836,584 | 99.80 | 1,316,416 | 0.20 | 324,137 | 72.46% |
13. | To re-elect Ian Springett as a Director | 658,504,182 | 99.75 | 1,652,615 | 0.25 | 320,389 | 72.46% |
14. | To re-elect Simon Thompson as a Director | 653,474,005 | 98.99 | 6,682,037 | 1.01 | 321,144 | 72.46% |
15. | To re-appoint Deloitte LLP as auditors of the Company | 650,447,828 | 98.53 | 9,693,400 | 1.47 | 324,959 | 72.46% |
16. | To authorise the Audit Committee to determine the remuneration of Deloitte LLP | 658,325,684 | 99.98 | 137,836 | 0.02 | 2,013,667 | 72.28% |
17. | To amend clause 5.1 of the Company's Employee Share Award Plan | 655,821,870 | 99.44 | 3,714,793 | 0.56 | 938,140 | 72.39% |
18. | To renew Directors' authority to allot shares | 656,127,218 | 99.40 | 3,964,687 | 0.60 | 384,596 | 72.45% |
19. | To dis-apply statutory pre-emption rights* | 650,479,822 | 98.55 | 9,581,420 | 1.45 | 332,868 | 72.45% |
20. | To authorise the Company to hold general meetings on no less than 14 clear days' notice* | 606,794,687 | 91.92 | 53,336,007 | 8.08 | 346,493 | 72.46% |
21. | To authorise the Company to purchase its own shares * | 658,188,714 | 99.70 | 1,981,983 | 0.30 | 306,490 | 72.46% |
Notes:
* Special resolution.
1. Proxy appointments which gave discretion to the Chairman of the Annual General Meeting have been included in the "For" total of the appropriate resolution.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.
3. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
4. The number of shares in issue at 6.00 p.m. on 28 April 2015 was 911,037,813 (the "Share Capital") and at that time, Tullow did not hold any shares in treasury.
5. The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total of votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.
The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism http://www.morningstar.co.uk and also on the Company's website at http://www.tullowoil.com. A copy of the resolutions (other than resolutions concerning the ordinary business at the Annual General Meeting) passed at the Annual General Meeting will shortly be submitted to the National Storage Mechanism and will also be available for inspection at http://www.hemscott.com/nsm.do.
END