Result of AGM

RNS Number : 2598Y
Cairn Energy PLC
11 May 2021
 

FOR IMMEDIATE RELEASE  11 May 2021

 

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

 

Voting Results of Annual General Meeting

 

1. Results of Annual General Meeting 2021

 

Cairn announces that at the 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 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

Annual Report & Accounts

377,981,760

99.89%

399,422

0.11%

378,381,182

582,883

Resolution 2

Remuneration report

246,776,576

65.13%

132,138,647

34.87%

378,915,223

48,842

Resolution 3

Re-appointment of auditor

373,238,968

98.49%

5,714,045

1.51%

378,953,013

11,052

Resolution 4

Auditor's remuneration

378,107,367

99.78%

826,379

0.22%

378,933,746

30,319

Resolution 5

Re-election of

Nicoletta Giadrossi

302,609,531

81.34%

69,409,099

18.66%

372,018,630

6,945,435

Resolution 6

Re-election of

Keith Lough

375,681,404

99.44%

2,133,852

0.56%

377,815,256

1,148,809

Resolution 7

Re-election of

Peter Kallos

332,161,645

87.91%

45,663,601

12.09%

377,825,246

1,138,819

Resolution 8

Re-election of

Alison Wood

374,043,313

99.00%

3,782,141

1.00%

377,825,454

1,138,611

Resolution 9

Re-election of Catherine Krajicek

377,339,655

99.87%

485,558

0.13%

377,825,213

1,138,852

Resolution 10

Re-election of Erik Daugbjerg

377,573,257

99.94%

237,727

0.06%

377,810,984

1,153,081

Resolution 11

Re-election of

Simon Thomson

363,258,168

96.15%

14,552,858

3.85%

377,811,026

1,153,039

Resolution 12

Re-election of

James Smith

377,141,514

99.82%

669,512

0.18%

377,811,026

1,153,039

Resolution 13

Authority to allot shares

373,549,688

98.58%

5,387,220

1.42%

378,936,908

27,157

Resolution 14***

Disapplication of pre-emption rights

377,469,638

99.62%

1,456,651

0.38%

378,926,289

37,776

Resolution 15***

Disapplication of pre-emption rights

359,173,693

94.79%

19,755,343

5.21%

378,929,036

35,029

Resolution 16***

Authority to purchase own shares

372,450,032

98.34%

6,291,552

1.66%

378,741,584

222,481

Resolution 17***

14 days' notice of general meetings

370,433,946

97.75%

8,507,406

2.25%

378,941,352

22,713

 

* 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. Resolution 2

 

The Board notes that, while all of the resolutions at today's Annual General Meeting were passed with the requisite majority, Resolution 2 (Approval of the Remuneration Report) passed with 65.13% of votes in favour.  

 

Following the Annual General Meeting, Cairn will continue to engage with its shareholders and carefully consider all feedback. We will publish an update on that engagement within six months of the Annual General Meeting, in accordance with the UK Corporate Governance Code

 

3. Resolutions Submitted to NSM

 

The Company has today submitted to the National Storage Mechanism (NSM) copies of Resolutions passed at the Annual General Meeting concerning items other than ordinary business. The NSM can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

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

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