AGM Results

RNS Number : 4906D

Tullow Oil PLC

16 May 2012

 

Tullow Oil plc

16 May 2012

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

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING

 HELD ON 16 MAY 2012

Tullow 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 below:

	Resolution	For (No. of shares)	For (%)	Against (No. of shares)	Against (%)	Votes Withheld (No. of shares)	Total issued share capital instructed (%)
1.	To receive and adopt the annual accounts and associated reports	646,384,764	99.84	1,025,617	0.16	6,483,378	71.43%
2.	To declare a final dividend of 8.0p per ordinary share	648,947,924	99.44	3,675,119	0.56	1,265,702	72.00%
3.	To receive and approve the Directors' Remuneration Report	483,154,446	79.12	127,480,971	20.88	43,252,542	67.37%
4.	To elect Simon Thompson as a Director	636,002,981	98.38	10,440,915	1.62	7,449,848	71.32%
5.	To elect Steve Lucas as a Director	647,002,606	99.10	5,871,342	0.90	1,020,808	72.03%
6.	To re-elect Tutu Agyare as a Director	647,021,480	99.10	5,872,782	0.90	999,436	72.03%
7.	To re-elect David Bamford as a Director	640,572,956	99.09	5,870,377	0.91	7,450,220	71.32%
8.	To re-elect Ann Grant as a Director	647,198,480	99.13	5,704,596	0.87	990,539	72.04%
9.	To re-elect Aidan Heavey as a Director	628,449,779	96.33	23,940,253	3.67	1,503,196	71.98%
10.	To re-elect Graham Martin as a Director	634,259,729	98.13	12,091,489	1.87	7,542,031	71.31%
11.	To re-elect Angus McCoss as a Director	640,805,575	98.15	12,099,060	1.85	988,980	72.04%
12.	To re-elect Paul McDade as a Director	640,801,528	98.15	12,092,205	1.85	999,484	72.03%
13.	To re-elect Steven McTiernan as a Director	627,025,376	96.06	25,686,965	3.94	1,181,241	72.01%
14.	To re-elect Ian Springett as a Director	640,802,812	98.15	12,088,055	1.85	1,002,285	72.03%
15.	To re-appoint Deloitte LLP as auditors	643,669,693	99.72	1,785,288	0.28	8,438,762	71.21%
16.	To authorise the Audit Committee to determine the remuneration of Deloitte LLP	651,931,013	99.85	964,043	0.15	996,088	72.03%
17.	To renew Directors' authority to allot shares	647,775,358	99.22	5,116,528	0.78	999,536	72.03%
18.	To dis-apply statutory pre-emption rights*	651,237,410	99.82	1,203,153	0.18	1,444,582	71.98%
19.	To authorise the Company to hold general meetings on no less than 14 clear days' notice*	605,098,962	92.68	47,803,578	7.32	989,201	72.04%
20.	To increase the limit on Directors' fees.	651,197,614	99.79	1,343,487	0.21	1,351,481	72.00%

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 14 May 2012 was 906,364,222 (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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