Result of AGM

RNS Number : 9684F

Tullow Oil PLC

30 April 2014

 

Tullow Oil plc

30 April 2014  

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

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING

 HELD ON 30 APRIL 2014

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 (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	645,602,998	99.97	179834	0.03	773694	70.95%
2.	To declare a final dividend of 8.0p per ordinary share	644,476,666	99.79	1338868	0.21	739595	70.95%
3.	To approve the Directors Remuneration Policy Report	585,950,806	90.79	59419570	9.21	1183901	70.90%
4.	To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration	593,102,164	92.05	51194325	7.95	2259835	70.78%
5.	To elect Jeremy Wilson as a Director	639,709,428	99.06	6082980	0.94	764118	70.95%
6.	To re-elect Tutu Agyare as a Director	639,662,832	99.05	6127424	0.95	765848	70.95%
7.	To elect Anne Drinkwater as a Director	639,964,671	99.10	5834640	0.90	757215	70.95%
8.	To re-elect Ann Grant as a Director	639,699,030	99.05	6106152	0.95	751344	70.95%
9.	To re-elect Aidan Heavey as a Director	639,890,474	99.08	5916201	0.92	749851	70.95%
10.	To re-elect Steve Lucas  as a Director	638,341,451	98.99	6542587	1.01	1672488	70.85%
11.	To re-elect Graham Martin as a Director	633,571,343	98.85	7376767	1.15	5608416	70.41%
12.	To re-elect Angus McCoss as a Director	639,744,007	99.06	6062210	0.94	750309	70.95%
13.	To re-elect Paul McDade as a Director	640,232,929	99.14	5574188	0.86	749409	70.95%
14.	To re-elect Ian Springett as a Director	640,229,267	99.14	5570276	0.86	756983	70.95%
15.	To re-elect Simon Thompson as a Director	636,914,345	98.62	8880816	1.38	761364	70.95%
16.	To re-appoint Deloitte LLP as auditors of the Company	622,565,976	97.54	15692210	2.46	8298339	70.12%
17.	To authorise the Audit Committee to determine the remuneration of Deloitte LLP	631,309,851	97.93	13343902	2.07	1901072	70.82%
18.	To renew Directors' authority to allot shares	641,190,691	99.29	4606780	0.71	759055	70.95%
19.	To dis-apply statutory pre-emption rights*	640,564,534	99.19	5198708	0.81	793284	70.94%
20.	To authorise the Company to hold general meetings on no less than 14 clear days' notice*	578,510,552	89.58	67297450	10.42	748523	70.95%
21.	To authorise the Company to purchase its own shares *	645,239,523	99.91	575315	0.09	741688	70.95%

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 28 April 2014 was 910230132 (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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