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)