Premier Oil PLC Result of AGM (1039R)

TIDMPMO

RNS Number : 1039R

Premier Oil PLC

25 June 2020

PREMIER OIL PLC

Result of Annual General Meeting

The Annual General Meeting ("AGM") of Premier Oil plc (the "Company") was held today, 25 June 2020, at 23 Lower Belgrave Street, London, SW1W 0NR at 09.30am. Each of the resolutions contained in the Notice of Meeting were put to the AGM, voted on by way of a poll and duly approved.

The total number of votes received on each resolution put to the AGM was as follows:

 
 No.                                    Resolution   Votes FOR (a)       %   Votes AGAINST      %   Votes WITHHELD (b) 
   1       Approve Annual Report and Accounts         335,153,192    99.82      589,557      0.18       7,633,280 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   2      Approve Annual Report on Remuneration       321,033,466    94.20    19,761,250     5.80       2,581,313 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   3   Approve the Directors' Remuneration Policy     331,786,237    96.71    11,300,114     3.29        289,678 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   4   Approve Amendments to the Premier Oil 2017     341,488,995    99.53     1,600,959     0.47        286,075 
                Long term Incentive Plan 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   5             Re-elect Dave Blackwood              341,042,268    99.42     1,996,568     0.58        337,193 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   6           Re-elect Anne Marie Cannon             342,238,678    99.76      811,606      0.24        325,745 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   7              Re-elect Tony Durrant               340,718,337    99.32     2,347,835     0.68        309,857 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   8             Re-elect Roy A Franklin              332,190,809    99.55     1,514,581     0.45       9,670,639 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
   9            Re-elect Barbara Jeremiah             333,455,854    97.21     9,581,132     2.79        339,043 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  10             Re-elect Iain Macdonald              342,147,097    99.74      894,643      0.26        334,289 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  11             Elect Elisabeth Proust               342,840,107    99.94      222,715      0.06        313,207 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  12              Re-elect Richard Rose               342,631,065    99.88      403,523      0.12        341,441 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  13              Re-elect Mike Wheeler               342,117,565    99.73      909,403      0.27        349,061 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  14     Re-appoint Ernst & Young LLP as Auditor      340,732,743    99.30     2,400,769     0.70        242,517 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  15        Authorise ARC to approve Auditor          341,873,753    99.63     1,262,565     0.37        239,711 
                      remuneration 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  16       Authorise Company to make political        339,630,087    98.98     3,484,099     1.02        261,843 
                        donations 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  17       Authorise Directors to allot shares        341,709,964    99.59     1,402,120     0.41        263,945 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  18    Authority to disapply pre-emption rights      342,421,250    99.80      694,938      0.20        259,841 
         (up to 5% of issued share capital) (c) 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  19   Authority to disapply pre-emption rights in    341,391,806    99.49     1,745,568     0.51        238,655 
          connection with specific acquisition/ 
                       investment 
        (further 5% of issued share capital) (c) 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  20      Authority to purchase own shares (c)        341,191,068    99.42     1,977,327     0.58        207,634 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
  21      Authority to call General Meetings by       340,925,700    99.35     2,215,602     0.65        234,727 
           notice of not less than 14 days (c) 
      --------------------------------------------  --------------  ------  --------------  -----  ------------------- 
 

NOTES:

(a) The "For" proxy vote includes those giving the Chairman discretion.

(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the proxy votes "For" or "Against" the resolution.

(c) Special resolution.

The total number of shares in issue on 23 June 2020, the deadline for casting votes by proxy in advance of the AGM, was 922,028,631 shares. 37.24 % of voting capital, including votes withheld, was instructed in respect of the resolutions put to the AGM.

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.premier-oil.com along with a recording of today's AGM.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by the Company's shareholders, other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism

 
 Enquiries 
 Premier Oil plc        Tel: [phone] 
 Company Secretariat: 
  Rachel Rickard 
 Investor Relations: 
  Elizabeth Brooks 
 

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 Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGPPUGAQUPUGUA

(END) Dow Jones Newswires

June 25, 2020 07:00 ET (11:00 GMT)