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RNS Number : 1478X
Tullow Oil PLC
25 April 2019
Thursday 25 April 2019
Tullow Oil plc ("Tullow" or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING
HELD ON THURSDAY 25 APRIL 2019
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 2018 912,533,968 100.00 20,876 0.00 912,554,844 65.08 3,366,700
------------ ------- -------------- ------ ------------ ---------------- --------------
2. To declare a final
dividend of 4.8 cents
per ordinary share
for the financial
year ended
31 December 2018 915,899,708 100.00 2,350 0.00 915,902,058 65.32 19,486
------------ ------- -------------- ------ ------------ ---------------- --------------
3. To approve the
Annual Statement by
the Chairman of the
Remuneration
Committee and the
Annual
Report on
Remuneration 795,256,539 86.87 120,176,428 13.13 915,432,967 65.28 488,576
------------ ------- -------------- ------ ------------ ---------------- --------------
4. To re-elect Mike
Daly as a Director 914,144,577 99.81 1,740,499 0.19 915,885,076 65.31 36,468
------------ ------- -------------- ------ ------------ ---------------- --------------
5. To re-elect Steve
Lucas as a Director 890,369,810 97.22 25,506,783 2.78 915,876,593 65.31 44,950
------------ ------- -------------- ------ ------------ ---------------- --------------
6. To re-elect Angus
McCoss as a Director 914,135,562 99.81 1,749,514 0.19 915,885,076 65.31 36,468
------------ ------- -------------- ------ ------------ ---------------- --------------
7. To re-elect Paul
McDade as a Director 913,417,866 99.81 1,748,264 0.19 915,166,130 65.26 755,414
------------ ------- -------------- ------ ------------ ---------------- --------------
8. To elect Dorothy
Thompson as a
Director 912,932,278 99.68 2,951,691 0.32 915,883,969 65.31 37,575
------------ ------- -------------- ------ ------------ ---------------- --------------
9. To re-elect Jeremy
Wilson as a Director 872,540,212 95.27 43,334,496 4.73 915,874,708 65.31 46,835
------------ ------- -------------- ------ ------------ ---------------- --------------
10. To re-elect Les
Wood as a Director 911,165,897 99.50 4,562,886 0.50 915,728,783 65.30 192,761
------------ ------- -------------- ------ ------------ ---------------- --------------
11. To re-appoint
Deloitte LLP as
auditors of the
Company 876,302,286 95.82 38,196,593 4.18 914,498,879 65.22 1,358,103
------------ ------- -------------- ------ ------------ ---------------- --------------
12. To authorise the
Audit Committee to
determine the
remuneration of
Deloitte LLP 900,303,617 99.23 6,963,122 0.77 907,266,739 64.70 8,654,805
------------ ------- -------------- ------ ------------ ---------------- --------------
13. To renew the
Directors' authority
to allot shares 882,796,875 96.39 33,073,885 3.61 915,870,760 65.31 50,784
------------ ------- -------------- ------ ------------ ---------------- --------------
14. To dis-apply
statutory pre-emption
rights* 875,487,211 95.59 40,376,405 4.41 915,863,616 65.31 57,928
------------ ------- -------------- ------ ------------ ---------------- --------------
15. To authorise the
Company to hold
general meetings on
no less than 14 clear
days' notice* 850,377,135 92.85 65,515,675 7.15 915,892,810 65.31 28,734
------------ ------- -------------- ------ ------------ ---------------- --------------
16. To authorise the
Company to purchase
its own shares* 915,819,055 99.99 85,956 0.01 915,905,011 65.32 13,161
------------ ------- -------------- ------ ------------ ---------------- --------------
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 23 April 2019
was 1,402,274,900 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 this note (5).
(6) As announced on 28 February 2019, Tutu Agyare 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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