Result of AGM

RNS Number : 4482D
Tullow Oil PLC
26 April 2017
 

Wednesday 26 April 2017

 

 

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

RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON WEDNESDAY 26 APRIL 2017

 

 

Tullow announces that at its Annual General Meeting held earlier today, with the exception of Resolution 18, 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:

 

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD

1. To receive and adopt the Company's annual accounts and associated reports for the financial year ended 31 December 2016

658,845,168

99.99

60,432

0.01

658,905,600

71.95%

2,324,737

2. To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration.

558,111,494

84.41

103,059,851

15.59

661,171,345

72.19%

54,242

3. To approve the Directors' Remuneration Policy Report.

582,011,448

88.03

79,143,373

11.97

661,154,821

72.19%

73,467

4. To re-elect Tutu Agyare as a Director.

631,055,300

95.45

30,083,531

4.55

661,138,831

72.19%

90,061

5. To re-elect Mike Daly as a Director.

660,672,941

99.93

464,622

0.07

661,137,563

72.19%

91,329

6. To re-elect Anne Drinkwater as a Director.

660,638,418

99.92

498,552

0.08

661,136,970

72.19%

91,922

7. To re-elect Aidan Heavey as a Director.

604,969,742

92.03

52,387,644

7.97

657,357,386

71.78%

3,871,506

8. To re-elect Steve Lucas as a Director.

655,709,841

99.18

5,422,637

0.82

661,132,478

72.19%

96,414

9. To re-elect Angus McCoss as a Director.

660,562,891

99.91

580,964

0.09

661,143,855

72.19%

85,037

10. To re-elect Paul McDade as a Director.

660,561,218

99.91

577,733

0.09

661,138,951

72.19%

91,637

11. To re-elect Ian Springett as a Director.

660,041,838

99.84

1,085,308

0.16

661,127,146

72.19%

101,746

12. To re-elect Jeremy Wilson as a Director.

660,037,445

99.83

1,093,525

0.17

661,130,970

72.19%

97,922

13. To re-appoint Deloitte LLP as auditors of the Company.

655,200,293

99.09

5,989,306

0.91

661,189,599

72.20%

40,989

14. To authorise the Audit Committee to determine the remuneration of Deloitte LLP.

660,975,089

99.97

216,382

0.03

661,191,471

72.20%

39,117

15. To approve the amended rules of the Tullow Incentive Plan (the "TIP").

617,112,250

93.83

40,586,920

6.17

657,699,170

71.82%

3,531,418

16. To renew the Directors' authority to allot shares.

649,896,177

98.29

11,305,474

1.71

661,201,651

72.20%

28,937

17. To dis-apply statutory pre-emption rights for general purposes.*

653,886,178

98.90

7,253,546

1.10

661,139,724

72.19%

89,168

18. To dis-apply statutory pre-emption rights for an acquisition or a specified capital investment.*

473,017,246

71.58

187,843,622

28.42

660,860,868

72.16%

369,420

19. To authorise the Company to hold general meetings on no less than 14 clear days' notice.*

625,822,656

94.65

35,378,956

5.35

661,201,612

72.20%

28,976

20. To authorise the Company to purchase its own shares.*

657,707,587

99.47

3,497,788

0.53

661,205,375

72.20%

29,325

 

 

 

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 "Percentage of ISC voted" for any resolution.

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

(5)  Only shareholders on the register of members as at 6.00 p.m. on 24 April 2017 were entitled to attend and vote at the Annual General Meeting.  The Issued Share Capital (the "ISC") as at that time and date was 915,823,771 ordinary shares of 10 pence each ("Ordinary Shares") and Tullow did not hold any Ordinary Shares in treasury.  Accordingly, voting rights in respect of 915,823,771 Ordinary Shares could be exercised at the Annual General Meeting.  The holders of Ordinary Shares issued by the Company pursuant to its rights issue announced on 17 March 2017 were not entitled to attend and vote at the Annual General Meeting as such Ordinary Shares were not on the register of members as at 6.00 p.m. on 24 April 2017.

(6)  The "Percentage of ISC voted" for any resolution is the total of votes "For" and "Against" in respect of that resolution expressed as a percentage of the ISC as described in note (5). 

(7)  Ann Grant and Simon Thompson did not stand for re-election as Directors, and stepped down from the Board with effect from the conclusion of the AGM. 

(8)  In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism, and will shortly be available to view at www.morningstar.co.uk/uk/NSM.  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 and also on the Company's website at http://www.tullowoil.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RAGKMGZDDVKGNZM

Companies

Tullow Oil (TLW)
UK 100

Latest directors dealings