Result of AGM

RNS Number : 6980F

Cairn Energy PLC

19 May 2017

 

FOR IMMEDIATE RELEASE                                                                                          19 May 2017

CAIRN ENERGY PLC ("Cairn" or "the Company")

Voting Results of Annual General Meeting

1. Results of Annual General Meeting 2017

Cairn 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 in the table below. Each shareholder, present in person or by proxy, was entitled to one vote per share held.

RESOLUTION	FOR*	%	AGAINST	%	TOTAL	WITHHELD**
Resolution 1 Annual Report & Accounts	482,031,085	99.94	284,953	0.06	482,316,038	341,108
Resolution 2 Remuneration Report	462,856,515	96.46	17,004,082	3.54	479,860,597	2,796,549
Resolution 3 Remuneration Policy	465,933,235	97.96	9,688,508	2.04	475,621,743	7,035,403
Resolution 4 Re-appointment of auditor	477,614,991	99.78	1,034,231	0.22	478,649,222	4,007,924
Resolution 5 Auditor's remuneration	482,562,071	99.98	77,569	0.02	482,639,640	17,506
Resolution 6 Re-election of Ian Tyler	469,749,352	98.53	7,027,472	1.47	476,776,824	5,880,322
Resolution 7 Re-election of Todd Hunt	480,852,315	99.63	1,775,258	0.37	482,627,573	29,573
Resolution 8 Re-election of Iain McLaren	454,976,608	96.70	15,533,353	3.30	470,509,961	12,147,185
Resolution 9 Re-election of Alexander Berger	482,591,213	99.99	48,178	0.01	482,639,391	17,755
Resolution 10 Re-election of Jackie Sheppard	482,582,398	99.99	56,916	0.01	482,639,314	17,832
Resolution 11 Re-election of Keith Lough	482,580,738	99.99	45,834	0.01	482,626,572	30,574
Resolution 12 Re-election of Peter Kallos	482,591,267	99.99	47,610	0.01	482,638,877	18,269
Resolution 13 Re-election of Nicoletta Giadrossi	482,463,065	99.96	175,925	0.04	482,638,990	18,156

Resolution 14 Re-election of Simon Thomson	481,388,058	99.86	688,833	0.14	482,076,891	580,255
Resolution 15 Re-election of James Smith	482,454,717	99.96	172,845	0.04	482,627,562	29,584
Resolution 16 Authority to allot shares	474,150,695	98.46	7,396,820	1.54	481,547,515	1,109,631
Resolution 17*** Disapplication of pre-emption rights	479,727,194	99.40	2,899,396	0.60	482,626,590	30,556
Resolution 18*** Disapplication of pre-emption rights	469,021,919	97.18	13,604,093	2.82	482,626,012	31,134
Resolution 19*** Authority to purchase own shares	468,326,125	97.03	14,312,508	2.97	482,638,633	18,513
Resolution 20*** 14 days' notice of general meetings	468,505,940	97.63	11,354,468	2.37	479,860,408	2,796,738
Resolution 21 Adopt Long Term Incentive Plan (2017)	465,664,322	97.04	14,189,734	2.96	479,854,056	2,803,090
Resolution 22 Disposal of shares in Cairn India / Vedanta	479,893,279	99.99	61,350	0.01	479,954,629	2,702,517

* Includes discretionary votes.

** A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.

*** Indicates a Special Resolution.

2. Resolutions Submitted to NSM

The Company has today submitted to the National Storage Mechanism (NSM) copies of Resolutions passed at the Annual General Meeting concerning items other than ordinary business. These documents will shortly be available for inspection at www.Hemscott.com/nsm.do.

The resolutions carried at the Annual General Meeting are set out in full in the Notice of Annual General Meeting which can be found on the Company's website at www.cairnenergy.com.

 

END

 

 

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