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RNS Number : 4482D
Tullow Oil PLC
26 April 2017
Wednesday 26 April 2017
Tullow Oil plc ("Tullow" or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING
HELD ON WEDNESDAY 26 APRIL 2017
Tullow announces that at its Annual General Meeting held earlier
today, with the exception of Resolution 18, 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 % VOTES % VOTES % of VOTES
FOR AGAINST TOTAL ISC WITHHELD
VOTED
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
1. To receive and adopt the Company's
annual accounts and associated
reports for the financial year
ended 31 December 2016 658,845,168 99.99 60,432 0.01 658,905,600 71.95% 2,324,737
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
2. To approve the Annual Statement
by the Chairman of the Remuneration
Committee and the Annual Report
on Remuneration. 558,111,494 84.41 103,059,851 15.59 661,171,345 72.19% 54,242
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
3. To approve the Directors'
Remuneration
Policy Report. 582,011,448 88.03 79,143,373 11.97 661,154,821 72.19% 73,467
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
4. To re-elect Tutu Agyare as
a Director. 631,055,300 95.45 30,083,531 4.55 661,138,831 72.19% 90,061
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
5. To re-elect Mike Daly as a
Director. 660,672,941 99.93 464,622 0.07 661,137,563 72.19% 91,329
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
6. To re-elect Anne Drinkwater
as a Director. 660,638,418 99.92 498,552 0.08 661,136,970 72.19% 91,922
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
7. To re-elect Aidan Heavey as
a Director. 604,969,742 92.03 52,387,644 7.97 657,357,386 71.78% 3,871,506
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
8. To re-elect Steve Lucas as
a Director. 655,709,841 99.18 5,422,637 0.82 661,132,478 72.19% 96,414
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
9. To re-elect Angus McCoss as
a Director. 660,562,891 99.91 580,964 0.09 661,143,855 72.19% 85,037
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
10. To re-elect Paul McDade as
a Director. 660,561,218 99.91 577,733 0.09 661,138,951 72.19% 91,637
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
11. To re-elect Ian Springett
as a Director. 660,041,838 99.84 1,085,308 0.16 661,127,146 72.19% 101,746
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
12. To re-elect Jeremy Wilson
as a Director. 660,037,445 99.83 1,093,525 0.17 661,130,970 72.19% 97,922
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
13. To re-appoint Deloitte LLP
as auditors of the Company. 655,200,293 99.09 5,989,306 0.91 661,189,599 72.20% 40,989
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
14. To authorise the Audit Committee
to determine the remuneration
of Deloitte LLP. 660,975,089 99.97 216,382 0.03 661,191,471 72.20% 39,117
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
15. To approve the amended rules
of the Tullow Incentive Plan (the
"TIP"). 617,112,250 93.83 40,586,920 6.17 657,699,170 71.82% 3,531,418
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
16. To renew the Directors' authority
to allot shares. 649,896,177 98.29 11,305,474 1.71 661,201,651 72.20% 28,937
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
17. To dis-apply statutory pre-emption
rights for general purposes.* 653,886,178 98.90 7,253,546 1.10 661,139,724 72.19% 89,168
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
18. To dis-apply statutory pre-emption
rights for an acquisition or a
specified capital investment.* 473,017,246 71.58 187,843,622 28.42 660,860,868 72.16% 369,420
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
19. To authorise the Company to
hold general meetings on no less
than 14 clear days' notice.* 625,822,656 94.65 35,378,956 5.35 661,201,612 72.20% 28,976
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
20. To authorise the Company to
purchase its own shares.* 657,707,587 99.47 3,497,788 0.53 661,205,375 72.20% 29,325
--------------------------------------- ------------ ------ ------------ ------ ------------ ------- ----------
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 "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) Only shareholders on the register of members as at 6.00 p.m.
on 24 April 2017 were entitled to attend and vote at the Annual
General Meeting. The Issued Share Capital (the "ISC") as at that
time and date was 915,823,771 ordinary shares of 10 pence each
("Ordinary Shares") and Tullow did not hold any Ordinary Shares in
treasury. Accordingly, voting rights in respect of 915,823,771
Ordinary Shares could be exercised at the Annual General Meeting.
The holders of Ordinary Shares issued by the Company pursuant to
its rights issue announced on 17 March 2017 were not entitled to
attend and vote at the Annual General Meeting as such Ordinary
Shares were not on the register of members as at 6.00 p.m. on 24
April 2017.
(6) The "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).
(7) Ann Grant and Simon Thompson did not stand for re-election
as Directors, and stepped down from the Board with effect from the
conclusion of the AGM.
(8) 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 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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