Voting Results of General Meeting

RNS Number : 3896W

Cairn Energy PLC

30 January 2012

 



FOR IMMEDIATE RELEASE                                                                                   30 January 2012

CAIRN ENERGY PLC ("Cairn" or "the Company")

Voting Results of General Meeting held on 30 January 2012

1. Results of General Meeting held on 30 January 2012

Cairn announces that at the General Meeting held earlier today, resolutions 1 and 3 to 6 set out in the Notice of General Meeting put to the General Meeting were passed by the required majority.  As previously announced, resolution 2 was withdrawn and was accordingly not put to the General Meeting.

Each of the resolutions put to the General Meeting was voted on by way of a poll and the results are set out in the table below. Each shareholder, present in person or by proxy was entitled to one vote per share held.

RESOLUTION	FOR*	%	AGAINST	%	TOTAL	WITHHELD**
Resolution 1*** Approval of subdivision of ordinary shares, consolidation and division of intermediate shares into new ordinary shares, put option agreement and amendments to share scheme rules and articles of association of the Company	833,177,169	95.78	36,674,282	4.22	869,851,451	6,825,521
Resolution 2 Approval of share award in favour of Sir Bill Gammell	Resolution Withdrawn
Resolution 3 Approval of any disposal by any member of the Group of any shares in Cairn India Limited	804,002,676	92.02	69,680,931	7.98	873,683,607	2,993,365
Resolution 4 Authority to allot shares	752,564,040	88.33	99,434,890	11.67	851,998,930	24,678,042
Resolution 5*** Disapplication of pre-emption rights	815,440,523	95.71	36,552,162	4.29	851,992,685	24,684,287
Resolution 6*** Authority to purchase own shares	845,086,830	99.18	6,977,750	0.82	852,064,580	24,612,392

*     Includes discretionary votes.

**   A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.

*** Indicates a Special Resolution.

2. Resolutions Submitted to NSM

The Company has today submitted to the National Storage Mechanism (NSM) copies of the resolutions passed at the General Meeting. These documents will shortly be available for inspection at www.Hemscott.com/nsm.do. 

The resolutions carried at the General Meeting are set out in full in the Notice of General Meeting which can be found on the Company's website at www.cairnenergy.com.

 

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