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Tullow Oil PLC (TLW)

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Thursday 25 April, 2019

Tullow Oil PLC

Result of AGM

RNS Number : 1478X
Tullow Oil PLC
25 April 2019
 

Thursday 25 April 2019

 

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

RESULTS OF THE ANNUAL GENERAL MEETING

 HELD ON THURSDAY 25 APRIL 2019

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:


VOTES FOR

%

VOTES AGAINST

%

VOTES TOTAL

 % OF ISC VOTES

VOTES WITHHELD

1. To receive and adopt the Company's annual accounts and associated reports for the financial year ended 31 December 2018

912,533,968

100.00

20,876

0.00

912,554,844

65.08

3,366,700

2. To declare a final dividend of 4.8 cents per ordinary share for the financial year ended 31 December 2018

915,899,708

100.00

2,350

0.00

915,902,058

65.32

19,486

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

795,256,539

86.87

120,176,428

13.13

915,432,967

65.28

488,576

4. To re-elect Mike Daly as a Director

914,144,577

99.81

1,740,499

0.19

915,885,076

65.31

36,468

5. To re-elect Steve Lucas as a Director

890,369,810

97.22

25,506,783

2.78

915,876,593

65.31

44,950

6. To re-elect Angus McCoss as a Director

914,135,562

99.81

1,749,514

0.19

915,885,076

65.31

36,468

7. To re-elect Paul McDade as a Director

913,417,866

99.81

1,748,264

0.19

915,166,130

65.26

755,414

8. To elect Dorothy Thompson as a Director

912,932,278

99.68

2,951,691

0.32

915,883,969

65.31

37,575

9. To re-elect Jeremy Wilson as a Director

872,540,212

95.27

43,334,496

4.73

915,874,708

65.31

46,835

10. To re-elect Les Wood as a Director

911,165,897

99.50

4,562,886

0.50

915,728,783

65.30

192,761

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

876,302,286

95.82

38,196,593

4.18

914,498,879

65.22

1,358,103

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

900,303,617

99.23

6,963,122

0.77

907,266,739

64.70

8,654,805

13. To renew the Directors' authority to allot shares

882,796,875

96.39

33,073,885

3.61

915,870,760

65.31

50,784

14. To dis-apply statutory pre-emption rights*

875,487,211

95.59

40,376,405

4.41

915,863,616

65.31

57,928

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

850,377,135

92.85

65,515,675

7.15

915,892,810

65.31

28,734

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

915,819,055

99.99

85,956

0.01

915,905,011

65.32

13,161

 

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 "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)  The number of shares in issue at 6.00 p.m. on 23 April 2019 was 1,402,274,900 ordinary shares of 10 pence each (the "Ordinary Shares") and at that time, Tullow did not hold any Ordinary Shares in treasury. The proportion of "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 this note (5).

(6)  As announced on 28 February 2019, Tutu Agyare did not stand for re-election as a Director and stepped down from the Board with effect from the conclusion of the Annual General Meeting.   

(7)  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 http://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

 


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