Result of AGM

RNS Number : 2594O

Nostrum Oil & Gas PLC

26 May 2015

 

Amsterdam, 26 May 2015

Results of Annual General Meeting

Following today's Annual General Meeting, convened by the Notice of Annual General Meeting dated 13 April 2015, Nostrum Oil & Gas PLC ('Nostrum', or 'the Company'), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, is pleased to announce that all resolutions set out in the Notice of Annual General Meeting were approved by shareholders which were voted by way of a poll.  The results of the poll for each resolution were as follows:

Resolution	For	%	Against	%	Withheld
To receive the Company's Annual Report and Accounts for the year ended 31 December 2014.	104,067,907	99.81%	198,421	0.19%	416,363
To approve the Directors' Remuneration Report, other than the part containing the Directors' Remuneration Policy, in the form set out in the Company's Annual Report and Accounts for the year ended 31 December 2014.	89,688,471	88.41%	11,752,424	11.59%	3,241,796
To approve the Directors' Remuneration Policy in the form set out in the Company's Annual Report and Accounts for the year ended 31 December 2014.	86,069,341	83.68%	16,785,416	16.32%	1,827,934
To declare a final dividend for the year ended 31 December 2014 of $0.27 per Ordinary Share, payable in sterling.	104,682,691	100%	-	-	-
To appoint Mr Monstrey as a Director.	102,291,737	97.72%	2,390,954	2.28%	-
To appoint Mr Kessel as a Director.	104,470,181	99.80%	212,510	0.20%	-
To appoint Mr Muller as a Director.	104,470,181	99.80%	212,510	0.20%	-
To appoint Mr von der Linden as a Director.	104,459,859	99.79%	222,832	0.21%	-
To appoint Mr Everaert as a Director.	103,412,245	98.97%	1,074,783	1.03%	195,663
To appoint Mr Martin as a Director.	104,654,665	99.97%	28,026	0.03%	-
To appoint Sir Christopher Codrington, Bt. as a Director.	104,467,517	99.79%	215,174	0.21%	-
To appoint Mr Gupta as a Director.	104,244,212	99.76%	250,058	0.24%	188,421
To appoint Mr Jain as a Director.	103,830,191	99.19%	852,500	0.81%	-
To reappoint Ernst & Young LLP as Auditor of the Company.	104,457,839	99.79%	224,852	0.21%	-
To authorise the Audit Committee to fix the Auditor's remuneration.	104,664,987	99.98%	17,704	0.02%	-
To authorise the Company to communicate with shareholders electronically.	104,682,691	100%	-	-	-
To authorise the Company to allot shares pursuant to section 551 of the Companies Act 2006.	104,329,041	99.66%	353,650	0.34%	-
To dis-apply statutory pre-emption rights pursuant to Section 570 of the Companies Act 2006.	104,664,665	99.98%	18,026	0.02%	-
To approve the calling of a general meeting, other than an annual general meeting, on not less than 14 clear days' notice.	103,051,633	98.44%	1,631,058	1.56%	-
To authorise the Company to make market purchases of its own ordinary shares pursuant to section 693(4) of the Companies Act 2006	104,682,691	100%	-	-	-
To authorise the Company to make off-market purchases of its own ordinary shares pursuant to Section 693(2) of the Companies Act 2006.	104,303,070	99.64%	379,621	0.36%	-

A 'Vote Withheld' is not a vote in law and is not counted in the calculation of proportion of votes 'For' or 'Against' a resolution.

As at the date of the AGM, the number of issued shares of the Company was 188,182,958 ordinary shares of £0.01 each.

The total number of proxy votes cast, including 'Votes Withheld' was 104,682,691; percentage of proxies cast was 55.63%.

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism, and can be viewed at http://www.morningstar.co.uk/uk/nsm.

Further information

For further information please visit www.nog.co.uk

Further enquiries

Nostrum Oil & Gas PLC - Investor Relations

Kirsty Hamilton-Smith

Bruno G. Meere

[phone]

[e-mail]                                                                                                    

Instinctif Partners - UK                                                                                                 

Tony Friend

David Simonson

Anca Spiridon

Catherine Wickman

+ 44 (0) 207 457 2020

Promo Group Communications - Kazakhstan

Asel Karaulova           

+ 7 (727) 264 67 37

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field, in which it holds a 100% interest and is the operator through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields through the same subsidiary. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are situated approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Group or its officers with respect to various matters. When used in this document, the words 'expects,' 'believes,' 'anticipates,' 'plans,' 'may,' 'will,' 'should' and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the Listing Rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

 

END

 

 

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