Last checked at 19 May 2017 13:52
FOR IMMEDIATE RELEASE 19 May 2017
CAIRN ENERGY PLC ("Cairn" or "the Company")
Voting Results of Annual General Meeting
1. Results of Annual General Meeting 2017
Cairn announces that at the 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 in the table below. Each shareholder, present in person or by proxy, was entitled to one vote per share held.
RESOLUTION | FOR* | % | AGAINST | % | TOTAL | WITHHELD** |
Resolution 1 Annual Report & Accounts |
482,031,085 |
99.94 |
284,953 |
0.06 |
482,316,038 |
341,108 |
Resolution 2 Remuneration Report |
462,856,515 |
96.46 |
17,004,082 |
3.54 |
479,860,597 |
2,796,549 |
Resolution 3 Remuneration Policy
|
465,933,235 |
97.96 |
9,688,508 |
2.04 |
475,621,743 |
7,035,403 |
Resolution 4 Re-appointment of auditor |
477,614,991 |
99.78 |
1,034,231 |
0.22 |
478,649,222 |
4,007,924 |
Resolution 5 Auditor's remuneration |
482,562,071 |
99.98 |
77,569 |
0.02 |
482,639,640 |
17,506 |
Resolution 6 Re-election of Ian Tyler |
469,749,352 |
98.53 |
7,027,472 |
1.47 |
476,776,824 |
5,880,322 |
Resolution 7 Re-election of Todd Hunt |
480,852,315 |
99.63 |
1,775,258 |
0.37 |
482,627,573 |
29,573 |
Resolution 8 Re-election of Iain McLaren |
454,976,608 |
96.70 |
15,533,353 |
3.30 |
470,509,961 |
12,147,185 |
Resolution 9 Re-election of Alexander Berger |
482,591,213 |
99.99 |
48,178 |
0.01 |
482,639,391 |
17,755 |
Resolution 10 Re-election of Jackie Sheppard |
482,582,398 |
99.99 |
56,916 |
0.01 |
482,639,314 |
17,832 |
Resolution 11 Re-election of Keith Lough |
482,580,738 |
99.99 |
45,834 |
0.01 |
482,626,572 |
30,574 |
Resolution 12 Re-election of Peter Kallos |
482,591,267 |
99.99 |
47,610 |
0.01 |
482,638,877 |
18,269 |
Resolution 13 Re-election of Nicoletta Giadrossi |
482,463,065 |
99.96 |
175,925 |
0.04 |
482,638,990 |
18,156 |
Resolution 14 Re-election of Simon Thomson |
481,388,058 |
99.86 |
688,833 |
0.14 |
482,076,891 |
580,255 |
Resolution 15 Re-election of James Smith |
482,454,717 |
99.96 |
172,845 |
0.04 |
482,627,562 |
29,584 |
Resolution 16 Authority to allot shares |
474,150,695 |
98.46 |
7,396,820 |
1.54 |
481,547,515 |
1,109,631 |
Resolution 17*** Disapplication of pre-emption rights |
479,727,194 |
99.40 |
2,899,396 |
0.60 |
482,626,590 |
30,556 |
Resolution 18*** Disapplication of pre-emption rights |
469,021,919
|
97.18 |
13,604,093 |
2.82 |
482,626,012 |
31,134 |
Resolution 19*** Authority to purchase own shares |
468,326,125 |
97.03 |
14,312,508 |
2.97 |
482,638,633 |
18,513 |
Resolution 20*** 14 days' notice of general meetings |
468,505,940 |
97.63 |
11,354,468 |
2.37 |
479,860,408 |
2,796,738 |
Resolution 21 Adopt Long Term Incentive Plan (2017) |
465,664,322 |
97.04 |
14,189,734 |
2.96 |
479,854,056 |
2,803,090 |
Resolution 22 Disposal of shares in Cairn India / Vedanta |
479,893,279 |
99.99 |
61,350 |
0.01 |
479,954,629 |
2,702,517 |
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.
*** Indicates a Special Resolution.
2. Resolutions Submitted to NSM
The Company has today submitted to the National Storage Mechanism (NSM) copies of Resolutions passed at the Annual General Meeting concerning items other than ordinary business. These documents will shortly be available for inspection at www.Hemscott.com/nsm.do.
The resolutions carried at the Annual General Meeting are set out in full in the Notice of Annual General Meeting which can be found on the Company's website at www.cairnenergy.com.