Result of AGM

Tullow Oil PLC

16 May 2024

 

Tullow Oil plc ("Tullow" or the "Company")

RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON THURSDAY 16 MAY 2024

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:

	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% OF ISC VOTES	VOTES WITHELD
1. To receive and adopt the Company's annual accounts for the financial year ended 31 December 2023	884,944,691	99.98%	166,967	0.02%	885,111,658	60.74%	115,166
2. To approve the Annual Statement by the Chair of the Remuneration Committee and the Annual Report on Remuneration	862,727,229	97.49%	22,194,947	2.51%	884,922,176	60.73%	304,648
3. To re-elect Phuthuma Nhleko as a Director.	838,137,353	94.71%	46,827,233	5.29%	884,964,586	60.73%	262,184
4.  To re-elect Rahul Dhir as a Director	883,958,398	99.89%	1,014,256	0.11%	884,972,654	60.73%	254,116
5. To re-elect Richard Miller as a Director.	884,139,721	99.91%	830,013	0.09%	884,969,734	60.73%	257,090
6.  To re-elect Martin Greenslade as a Director.	880,678,125	99.52%	4,266,752	0.48%	884,944,877	60.73%	281,947
7.  To re-elect Sheila Khama as a Director.	877,905,030	99.20%	7,063,837	0.80%	884,968,867	60.73%	257,957
8.  To re-elect Mitchell Ingram as a Director.	881,418,850	99.60%	3,518,360	0.40%	884,937,210	60.73%	286,614
9.  To re-elect Genevieve Sangudi as a Director.	881,250,276	99.58%	3,723,276	0.42%	884,973,552	60.73%	248,560
10.To re-elect Roald Goethe as a Director.	819,165,560	92.57%	65,773,475	7.43%	884,939,035	60.73%	287,789
11. To elect Rebecca Wiles as a Director.	882,117,427	99.68%	2,833,775	0.32%	884,951,202	60.73%	275,622
12. To re-appoint Ernst & Young LLP as auditor of the Company.	884,540,987	99.94%	533,601	0.06%	885,074,588	60.74%	136,158
13. To authorise the Audit Committee to determine the remuneration of Ernst & Young LLP.	884,780,111	99.96%	325,663	0.04%	885,105,774	60.74%	121,050
14. That the Board of Directors of the Company be authorised to allot shares in the Company and to grant rights to subscribe for or to convert any securities into shares in the Company.	856,020,928	99.55%	3,898,260	0.45%	859,919,188	59.01%	25,307,636
*15.  That the Company be and is hereby generally and unconditionally authorised to hold general meetings (other than Annual General Meetings) on no less than 14 clear days' notice	873,809,055	98.72%	11,303,051	1.28%	885,112,106	60.74%	114,717

Notes:

(1) * denotes a special resolution.

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

(3) 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 "Percentage of ISC voted" for any resolution.

(4) The percentage of votes "For" and "Against" any resolution is expressed as a percentage of votes validly cast for that resolution.

(5) The number of shares in issue at 6.00 p.m. on 14 May 2024 was 1,457,191, 019 ordinary shares of 10 pence each (the "Ordinary Shares") and at that time, Tullow did not hold any Ordinary Shares in treasury. The proportion of "Percentage of ISC voted" for any resolution is the total of votes "For" and "Against" in respect of that resolution expressed as a percentage of the ISC as described in this note (5).

 (6) In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 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 and also on the Company's website at http://www.tullowoil.com.

 

END