Tullow Oil PLC Result of AGM (1478X)

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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.

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April 25, 2019 10:54 ET (14:54 GMT)