Result of AGM

RNS Number : 9203L

Tullow Oil PLC

30 April 2015

 

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	<0.01	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.

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