Result of AGM

RNS Number : 1350M

Tullow Oil PLC

25 April 2018

 

Wednesday 25 April, 2018

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

RESULTS OF THE ANNUAL GENERAL MEETING

 HELD ON WEDNESDAY 25 APRIL 2018

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 WITHHELD
1. To receive and adopt the Company's annual accounts and associated reports for the financial year ended 31 December 2017	932,222,533	99.58	3,962,901	0.42	936,185,434	67.32%	1,360,373
2. To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration	839,529,339	93.56	57,745,658	6.44	897,274,997	64.52%	40,262,649
3. To re-elect Tutu Agyare as a Director	883,163,227	95.18	44,731,090	4.82	927,894,317	66.72%	9,650,969
4. To re-elect Mike Daly as a Director	925,883,708	99.78	2,005,737	0.22	927,889,445	66.72%	9,655,842
5. To re-elect Aidan Heavey as a Director	856,658,249	93.69	57,696,477	6.31	914,354,726	65.75%	23,189,380
6. To re-elect Steve Lucas as a Director	866,239,365	93.36	61,646,580	6.64	927,885,945	66.72%	9,659,862
7. To re-elect Angus McCoss as a Director	924,107,334	99.60	3,727,510	0.40	927,834,844	66.72%	9,710,963
8. To re-elect Paul McDade as a Director	920,144,230	99.16	7,749,382	0.84	927,893,612	66.72%	9,652,120
9. To re-elect Jeremy Wilson as a Director	859,953,080	93.91	55,744,599	6.09	915,697,679	65.85%	21,848,128
10. To elect Les Wood as a Director	897,631,475	97.37	24,255,302	2.63	921,886,777	66.29%	15,659,030
11. To re-appoint Deloitte LLP as auditors of the Company	899,935,587	95.99	37,586,542	4.01	937,522,129	67.42%	22,923
12. To authorise the Audit Committee to determine the remuneration of Deloitte LLP	919,535,596	98.08	17,987,438	1.92	937,523,034	67.42%	22,773
13. To renew the Directors' authority to allot shares	924,868,682	98.65	12,648,356	1.35	937,517,038	67.42%	28,133
14. To dis-apply statutory pre-emption rights*	889,473,607	94.89	47,933,555	5.11	937,407,162	67.41%	137,135
15. To authorise the Company to hold general meetings on no less than 14 clear days' notice*	897,716,768	96.36	33,902,536	3.64	931,619,304	66.99%	5,926,503
16. To authorise the Company to purchase its own shares*	921,305,270	98.27	16,227,552	1.73	937,532,822	67.42%	12,985

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 24 April 2018 was 1,390,656,809 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 note (5).

(6)  As announced on 7 February 2018, Anne Drinkwater did not stand for re-election as a Director, and stepped down from the Board with effect from the conclusion of the Annual General Meeting. 

(7)  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 http://www.morningstar.co.uk/uk/NSM. 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. 

 

 

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