Hardy Oil & Gas plc Result of AGM (2342O)

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RNS Number : 2342O

Hardy Oil & Gas plc

30 September 2019

30 September 2019

Hardy Oil and Gas plc

(LSE: HDY)

Result of AGM

Hardy Oil and Gas plc ('Hardy'), announces that at the Annual General Meeting held earlier today, all resolutions as set out in the Notice of Annual General Meeting put to the Annual General Meeting were passed by the requisite majority with the exception of resolution 5 which sought the disapplication of the provisions of Article 5.1 of the Articles of Association of the Company to issue up to 5 per cent of the issued share capital of the Company. 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:

 
 #    Description                Type         For        Against    Withheld      Total      Votes 
                                                                                              for 
                                                                                               % 
---  ----------------------  -----------  -----------  ----------  ----------  -----------  ------ 
 
      Adopt annual accounts 
       for year ended 
 1     31 March 2019           Ordinary    23,918,920       3,225   1,412,052   25,334,197   100.0 
      To receive and 
       consider the Report 
 2     on Remuneration         Ordinary    17,546,059       1,732   7,786,406   17,547,791   100.0 
      To re-elect Peter 
       Milne as a Director 
 3     of the Company.         Ordinary    23,920,913   1,413,284         Nil   25,334,197    94.4 
      Re-appointment 
       of Crowe (UK) 
 4     LLP as auditor          Ordinary    25,334,197         Nil         Nil   25,334,197   100.0 
      Disapplication 
       5 per cent of 
 5*    issued share capital    Special     17,543,184   7,791,013         Nil   25,334,197    69.2 
      Authority to make 
       market purchases 
 6*    of ordinary shares      Special     23,920,413   1,413,784         Nil   25,334,197    94.4 
 
      Total shares issued     73,764,035 
      Total instructed        25,334,197 
     ----------------------  -----------  -----------  ---------- 
 

Notes:

* Special resolution.

1. Proxy appointments which gave discretion to the Chairman of the Annual General Meeting have been included in the "For" total of the appropriate resolution.

2. 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 "Total issued share capital instructed" for any resolution.

3. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

4. The number of shares in issue at 6.00 p.m. on 29 September 2019 was 73,764,035 (the "Share Capital") and at that time, Hardy did not hold any shares in treasury.

5. The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total of votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.

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 http://www.morningstar.co.uk and also on Hardy's website at http://www.hardyoil.com.

For further information please visit www.hardyoil.com or contact:

 
 Hardy Oil and Gas plc                     012 2461 2900 
 Ian MacKenzie, Chief Executive Officer 
  Richard Galvin, Treasurer & 
  Corporate Affairs Executive 
 
 

-ends-

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September 30, 2019 12:53 ET (16:53 GMT)