Result of AGM

RNS Number : 8384F

EnQuest PLC

29 May 2013

 



29 May 2013               

EnQuest PLC ("EnQuest" or the "Company")

Voting results of the Annual General Meeting held on 29 May 2013

EnQuest announces that at the Company's Annual General Meeting held today, all resolutions set out in the Notice of Annual General Meeting and put to the meeting were passed by the requisite majority.

Set out below are the voting proxies in respect of the resolutions received by the Company at the close of register on 27 May 2013. The number of ordinary shares in issue at that date was 802,660,757.

Resolution	For *	%	Against	%	Votes Total	Withheld **
Resolution 1 Annual Report & Accounts	466,970,621	98.95	4,944,894	1.05	471,915,515	10,570,026
Resolution 2 Re-election of Dr James Buckee	468,292,695	96.94	14,801,329	3.06	483,094,024	66,944
Resolution 3 Re-election of Amjad Bseisu	472,898,442	97.88	10,228,962	2.12	483,127,404	32,891
Resolution 4 Re-election of Jonathan Swinney	481,366,741	99.64	1,729,507	0.36	483,096,248	63,775
Resolution 5 Re-election of Helmut Langanger	463,735,335	96.01	19,277,831	3.99	483,013,166	76,171
Resolution 6 Re-election of Jock Lennox	454,621,109	94.36	27,149,416	5.64	481,770,525	1,389,769
Resolution 7 Re-election of Phil Nolan	474,517,927	98.23	8,573,748	1.77	483,091,675	68,619
Resolution 8 Re-election of Clare Spottiswoode	463,414,252	95.93	19,675,545	4.07	483,089,797	70,901
Resolution 9 Re-appointment of auditors	438,401,387	90.75	44,693,725	9.25	483,095,112	63,183
Resolution	For	%	Against	%	Votes Total	Withheld
Resolution 10 Remuneration Report	464,131,741	98.11	8,928,831	1.89	473,060,572	10,098,645
Resolution 11 Political Donations	473,230,753	97.97	9,792,466	2.03	483,023,219	133,886
Resolution 12 Authority to allot shares	395,273,272	81.82	87,834,456	18.18	483,107,728	49,446
Resolution 13*** Disapplication of pre-emption rights	482,957,539	99.98	73,873	0.02	483,031,412	46,288
Resolution 14*** Authority to purchase own shares	482,791,921	99.93	335,069	0.07	483,126,990	32,136
Resolution 15*** 14 days' notice	394,888,680	81.74	88,222,946	18.26	483,111,626	47,163

* 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' or 'Against' a resolution.

*** Indicates a Special Resolution,

The full text of each resolution, along with details of the proxy votes received by the company before the AGM in respect of each resolution will be available on the company website, www.enquest.com 

The Company has today submitted to the National Storage Mechanism copies of the Resolutions passed at the Annual General Meeting and will shortly be available for inspection at www.hemscott.com/nsm.do 

ENDS

For further information please contact:

EnQuest PLC                                                                                  Tel: [phone]

Paul Waters (Company Secretary)

Notes to editors

EnQuest is the largest UK independent producer in the UK North Sea.  EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm.  It is a constituent of the FTSE 250 index.  Its assets include the Thistle, Deveron, Heather, Broom, West Don, Don Southwest and Conrie producing fields and the Alma and Galia development.  At the end of 2012, including the licences EnQuest was offered through the UK's 27^th Licensing Round, EnQuest had interests in 39 production licences covering 55 blocks or part blocks in the UKCS, of which 31 licences are operated by EnQuest.  In addition, EnQuest also has an interest in two blocks offshore in Sabah, Malaysia.

EnQuest believes that the UKCS represents a significant hydrocarbon basin in a low risk region, which continues to benefit from an extensive installed infrastructure base and skilled labour.  EnQuest believes that its assets offer material organic growth opportunities, driven by exploitation of current infrastructure on the UKCS and the development of low risk near field opportunities.

Forward looking statements: This announcement may contain certain forward-looking statements with respect to EnQuest's expectation and plans, strategy, management's objectives, future performance, production, costs, revenues, reserves and other trend information.  These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future.  There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts.   The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment.  Nothing in this presentation should be construed as a profit forecast.  Past share performance cannot be relied on as a guide to future performance.

 

END

 

 

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