AGM Results

RNS Number : 2798E

Tullow Oil PLC

08 May 2013

 

Tullow Oil plc

8 May 2013

TULLOW OIL PLC ("Tullow" or the "Company")

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING

 HELD ON 8 MAY 2013

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:

	Resolution	For	For	Against	Against	Votes Withheld	Total issued share capital instructed
		(No. of shares)	(%)	(No. of shares)	(%)	(No. of shares)	(%)
1.	To receive and adopt the annual accounts and associated reports	651,892,223	99.96	259,619	0.04	906,504	71.82
2.	To declare a final dividend of 8.0p per ordinary share	652,599,332	100.00	6,075	0.00	452,940	71.87
3.	To receive and approve the Directors' Remuneration Report	595,836,727	94.09	37,437,134	5.91	19,784,485	69.74
4.	To elect Anne Drinkwater as a Director	647,784,233	99.26	4,801,940	0.74	472,174	71.87
5.	To re-elect Tutu Agyare as a Director	645,606,771	98.93	6,972,007	1.07	479,569	71.86
6.	To re-elect David Bamford as a Director	647,063,532	99.15	5,525,273	0.85	469,542	71.87
7.	To re-elect Ann Grant as a Director	647,610,646	99.24	4,975,180	0.76	472,321	71.87
8.	To re-elect Aidan Heavey as a Director	646,987,858	99.14	5,597,920	0.86	472,569	71.87
9.	To re-elect Steve Lucas  as a Director	647,246,874	99.18	5,332,548	0.82	478,925	71.86
10.	To re-elect Graham Martin as a Director	640,659,032	98.82	7,647,200	1.18	4,752,114	71.39
11.	To re-elect Angus McCoss as a Director	634,749,989	97.27	17,838,341	2.73	470,017	71.87
12.	To re-elect Paul McDade as a Director	646,638,056	99.09	5,949,997	0.91	470,294	71.87
13.	To re-elect Ian Springett as a Director	646,625,825	99.09	5,953,513	0.91	479,009	71.86
14.	To re-elect Simon Thompson as a Director	644,224,152	98.75	8,136,085	1.25	698,109	71.84
15.	To re-appoint Deloitte LLP as auditors of the Company	639,398,740	98.88	7,273,843	1.12	6,385,762	71.21
16.	To authorise the Audit Committee to determine the remuneration of Deloitte LLP	645,876,693	98.97	6,696,663	1.03	484,454	71.86
17.	To renew Directors' authority to allot shares	646,720,605	99.56	2,881,470	0.44	3,456,272	71.54
18.	To dis-apply statutory pre-emption rights*	648,342,142	99.81	1,227,861	0.19	3,488,344	71.53
19.	To authorise the Company to hold general meetings on no less than 14 clear days' notice*	597,115,937	91.50	55,485,079	8.50	457,331	71.87
20.	To approve the Tullow Incentive Plan	559,775,574	86.04	90,823,436	13.96	2,458,741	71.65
21.	To approve the Tullow Employee Share Award Plan	642,731,593	98.50	9,799,812	1.50	526,942	71.86
22.	To amend the Tullow Oil Share Incentive Plan	651,707,131	99.91	578,860	0.09	772,355	71.83

Notes:

*               Special resolution.

1.             Proxy appointments which gave discretion to the Chairman of the Annual General Meeting have been included in the "For" total of the appropriate resolution.

2.             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 "Total issued share capital instructed" for any resolution.

3.             Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

4.             The number of shares in issue at 6.00 p.m. on 3 May 2013 was 908,070,940 (the "Share Capital") and at that time, Tullow did not hold any shares in treasury. 

5.             The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total of votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.

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 http://www.morningstar.co.uk and also on the Company's website at http://www.tullowoil.com.  A copy of the resolutions (other than resolutions concerning the ordinary business at the Annual General Meeting) passed at the Annual General Meeting will shortly be submitted to the National Storage Mechanism and will also be available for inspection at http://www.hemscott.com/nsm.do.

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