REG - Tullow Oil PLC Tullow Oil PLC - FP Tullow Oil PLC - NP - Result of AGM <Origin Href="QuoteRef">TLW.L</Origin>

Tullow OilAnnouncement

26/04/2017 16:00

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
FOR
%
VOTES
AGAINST
%
VOTES
TOTAL
% of ISC VOTED
VOTES
WITHHELD
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

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