Baron Oil PLC Result of AGM & Changes re Directorate (3951C)
June 27 2016 - 9:57AM
UK Regulatory
TIDMBOIL
RNS Number : 3951C
Baron Oil PLC
27 June 2016
BARON OIL PLC
("Baron Oil" or "the Company")
Result of AGM and Directorate Change
Baron Oil, the AIM-listed oil and gas exploration and production
company, announces that at the Annual General Meeting of the
Company (the "AGM"), which took place earlier today, all
resolutions outlined in the Notice of AGM were duly passed. Details
of the proxy votes are below.
In addition, Mr William Colvin announced at today's AGM that he
will step back from his role as Executive Chairman to become
Non-Executive Chairman with immediate effect. Dr Malcolm Butler, a
non-executive director of the Company, will become Chief Executive
Officer and Mr Geoff Barnes, a non-executive Director, will become
Finance Director, both with immediate effect.
The proxy votes received on each resolution proposed at the AGM
were as follows. A vote withheld is not a vote in law and has not
been counted in the votes for and against a resolution.
For Against Withheld Discretion
----------------------------- ------------ -------- --------- -----------
Ordinary Resolutions
----------------------------- ------------ -------- --------- -----------
1. to receive accounts 233,484,838 18,592 32,297 203,804
----------------------------- ------------ -------- --------- -----------
2. to re-appoint auditors 233,488,774 4,000 32,297 216,535
----------------------------- ------------ -------- --------- -----------
3. to re-elect Malcolm
Butler as a Director 233,491,505 14,000 32,297 203,804
----------------------------- ------------ -------- --------- -----------
4. to re-elect Geoffrey
Barnes as a Director 233,456,774 26,731 54,297 203,804
----------------------------- ------------ -------- --------- -----------
5. to provide the Directors
with authority to allot
shares 233,334,041 115,464 88,297 203,804
----------------------------- ------------ -------- --------- -----------
Special Resolution
----------------------------- ------------ -------- --------- -----------
6. to dis-apply pre-emption
rights 233,381,894 103,380 39,797 216,535
----------------------------- ------------ -------- --------- -----------
The presentation given to shareholders at the AGM is available
on the Company's website www.baronoilplc.com
For further information:
Baron Oil Plc
Malcom Butler Tel: +44 (0)1892 249020
Geoff Barnes
Cantor Fitzgerald Europe
Nominated Adviser and Broker
Sarah Wharry (Corporate Finance) Tel: +44 (0) 20 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 27, 2016 10:57 ET (14:57 GMT)