Result of AGM

RNS Number : 8104L

Tullow Oil PLC

12 May 2010

 



Tullow Oil plc

12 May 2010

                                                TULLOW OIL plc ('Tullow')

RESOLUTIONS PASSED AT THE 2010 ANNUAL GENERAL MEETING

Tullow announces that at its Annual General Meeting (the 'Meeting') held earlier today, all resolutions set out in the Notice of Meeting put to the Meeting were passed by the required majority.  Each of the resolutions was voted on by way of a poll and the results are set out below:

	Resolution		For	%		Against	%		Votes Withheld
1	Receive and adopt the annual accounts and associated reports		568,940,544	99.92		469,622	0.08		1,351,732
2	Declare a final dividend of 4.0p per ordinary share		569,404,349	99.96		252,514	0.04		1,105,563
3	Receive and approve the Directors' Remuneration Report		521,635,415	91.51		48,367,563	8.49		758,319
4	Re-elect Aidan Heavey as a Director		555,273,156	97.93		11,724,960	2.07		3,764,310
5	Re-elect Angus McCoss as a Director		561,947,057	99.11		5,052,156	0.89		3,763,213
6	Re-elect David Williams as a Director		566,047,994	99.37		3,587,516	0.63		1,126,916
7	Re-elect Pat Plunkett as a Director		470,178,509	97.43		12,418,481	2.57		88,165,435
8	Re-appoint Deloitte LLP and authorise the Directors to determine their remuneration		559,008,920	98.88		6,347,276	1.12		5,406,229
9	Renew Directors' authority to allot shares		560,796,178	99.28		4,047,001	0.72		5,919,246
10	Dis-apply statutory pre-emption rights*		568,706,140	99.84		891,280	0.16		1,164,966
11	Authorise the Company to hold general meetings on no less than 14 clear days' notice*		540,216,926	94.90		29,046,048	5.10		1,499,452
12	Adopt new articles of association of the Company*		567,848,689	99.70		1,726,961	0.30		1,185,648
13	Approve the Tullow Oil 2010 Share Option Plan		553,709,213	98.00		11,312,443	2.00		5,738,595

Notes:

*           Special resolution

1.         Proxy appointments which gave discretion to the Chairman of the Meeting have been included in the 'For' total.

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' a resolution.

3.         The number of shares in issue at the date of the Meeting was 886,860,100.

Two copies of the resolutions passed at the Meeting concerning items other than the ordinary business transacted at the Meeting will be submitted to the UK Listing Authority and will shortly be available for inspection at the Document Viewing Facilities of the UK Listing Authority which is situated at: 

The Financial Services Authority 

25 North Colonnade

Canary Wharf 

London E14 5HS 

END

 

END

 

 

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