Result of AGM

RNS Number : 7185W

Tullow Oil PLC

28 April 2016

 

Thursday 28 April, 2016

Tullow Oil PLC
Result of AGM

Tullow Oil plc ("Tullow" or the "Company")

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING

 HELD ON THURSDAY 28 APRIL 2016

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	639,170,048	>99.99	13,642	<0.01	1,024,868	70.19%
2.	To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration	577,361,715	90.68	59,345,941	9.32	3,485,321	70.19%
3.	To re-elect Tutu Agyare as a Director	638,780,802	99.87	829,139	0.13	598,677	70.19%
4.	To re-elect Mike Daly as a Director	638,795,683	99.87	817,211	0.13	592,864	70.19%
5.	To re-elect Anne Drinkwater as a Director	638,781,789	99.87	833,052	0.13	593,717	70.19%
6.	To re-elect Ann Grant as a Director	638,777,058	99.87	832,198	0.13	599,302	70.19%
7.	To re-elect Aidan Heavey as a Director	638,790,334	99.87	824,878	0.13	593,346	70.19%
8.	To re-elect Steve Lucas as a Director	638,384,319	99.81	1,226,821	0.19	597,418	70.19%
9.	To re-elect Angus McCoss as a Director	636,359,812	99.49	3,255,429	0.51	593,317	70.19%
10.	To re-elect Paul McDade as a Director	636,357,037	99.49	3,255,480	0.51	596,041	70.19%
11.	To re-elect Ian Springett as a Director	636,341,410	99.49	3,257,766	0.51	609,382	70.19%
12.	To re-elect Simon Thompson as a Director	636,144,656	99.48	3,354,388	0.52	709,514	70.19%
13.	To re-elect Jeremy Wilson as a Director	638,782,565	99.87	825,663	0.13	600,330	70.19%
14.	To re-appoint Deloitte LLP as auditors of the Company	631,863,378	98.79	7,757,585	1.21	586,707	70.19%
15.	To authorise the Audit Committee to determine the remuneration of Deloitte LLP	639,469,260	99.98	152,054	0.02	587,109	70.19%
16.	To renew the Directors' authority to allot shares	633,426,321	98.94	6,765,682	1.06	15,939	70.19%
17.	To dis-apply statutory pre-emption rights*	594,811,990	93.00	44,782,287	7.00	614,281	70.19%
18.	To authorise the Company to hold general meetings on no less than 14 clear days' notice*	606,267,599	94.79	33,352,862	5.21	588,096	70.19%
19.	To authorise the Company to purchase its own shares*	635,633,360	99.41	3,757,439	0.59	816,362	70.19%

Notes:

(1)  * denotes a special resolution.

(2)  Proxy appointments which gave discretion to the Chairman of the Annual General Meeting have been included in the "For" total of the appropriate resolution.

(3)  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.

(4)  Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

(5)  The number of shares in issue at 6.00 p.m. on 26 April 2016 was 912,043,475 (the "Share Capital") and at that time, Tullow did not hold any shares in treasury.

(6)  The proportion of "Total issued share capital instructed" for any resolution is the total of votes instructed in respect of that resolution (i.e. the total of votes "For", "Against" and "Withheld" in respect of that resolution) expressed as a percentage of the Share Capital.

(7)  In relation to the re-election of directors, and as was announced on 9 December 2015, Graham Martin confirmed his retirement as an Executive Director of the Company with effect from close of business today, 28 April 2016. 

(8)  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. 

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