Last checked at 29 May 2013 16:39
29 May 2013
EnQuest PLC ("EnQuest" or the "Company")
Voting results of the Annual General Meeting held on 29 May 2013
EnQuest announces that at the Company's Annual General Meeting held today, all resolutions set out in the Notice of Annual General Meeting and put to the meeting were passed by the requisite majority.
Set out below are the voting proxies in respect of the resolutions received by the Company at the close of register on 27 May 2013. The number of ordinary shares in issue at that date was 802,660,757.
Resolution | For * | % | Against | % | Votes Total | Withheld ** |
Resolution 1 Annual Report & Accounts | 466,970,621 | 98.95 | 4,944,894 | 1.05 | 471,915,515 | 10,570,026 |
Resolution 2 Re-election of Dr James Buckee | 468,292,695 | 96.94 | 14,801,329 | 3.06 | 483,094,024 | 66,944 |
Resolution 3 Re-election of Amjad Bseisu | 472,898,442 | 97.88 | 10,228,962 | 2.12 | 483,127,404 | 32,891 |
Resolution 4 Re-election of Jonathan Swinney | 481,366,741 | 99.64 | 1,729,507 | 0.36 | 483,096,248 | 63,775 |
Resolution 5 Re-election of Helmut Langanger | 463,735,335 | 96.01 | 19,277,831 | 3.99 | 483,013,166 | 76,171 |
Resolution 6 Re-election of Jock Lennox | 454,621,109 | 94.36 | 27,149,416 | 5.64 | 481,770,525 | 1,389,769 |
Resolution 7 Re-election of Phil Nolan | 474,517,927 | 98.23 | 8,573,748 | 1.77 | 483,091,675 | 68,619 |
Resolution 8 Re-election of Clare Spottiswoode | 463,414,252 | 95.93 | 19,675,545 | 4.07 | 483,089,797 | 70,901 |
Resolution 9 Re-appointment of auditors | 438,401,387 | 90.75 | 44,693,725 | 9.25 | 483,095,112 | 63,183 |
Resolution | For | % | Against | % | Votes Total | Withheld |
Resolution 10 Remuneration Report | 464,131,741 | 98.11 | 8,928,831 | 1.89 | 473,060,572 | 10,098,645 |
Resolution 11 Political Donations | 473,230,753 | 97.97 | 9,792,466 | 2.03 | 483,023,219 | 133,886 |
Resolution 12 Authority to allot shares | 395,273,272 | 81.82 | 87,834,456 | 18.18 | 483,107,728 | 49,446 |
Resolution 13*** Disapplication of pre-emption rights | 482,957,539 | 99.98 | 73,873 | 0.02 | 483,031,412 | 46,288 |
Resolution 14*** Authority to purchase own shares | 482,791,921 | 99.93 | 335,069 | 0.07 | 483,126,990 | 32,136 |
Resolution 15*** 14 days' notice | 394,888,680 | 81.74 | 88,222,946 | 18.26 | 483,111,626 | 47,163 |
* 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' or 'Against' a resolution.
*** Indicates a Special Resolution,
The full text of each resolution, along with details of the proxy votes received by the company before the AGM in respect of each resolution will be available on the company website, www.enquest.com
The Company has today submitted to the National Storage Mechanism copies of the Resolutions passed at the Annual General Meeting and will shortly be available for inspection at www.hemscott.com/nsm.do
ENDS
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Paul Waters (Company Secretary)
Notes to editors
EnQuest is the largest UK independent producer in the UK North Sea. EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm. It is a constituent of the FTSE 250 index. Its assets include the Thistle, Deveron, Heather, Broom, West Don, Don Southwest and Conrie producing fields and the Alma and Galia development. At the end of 2012, including the licences EnQuest was offered through the UK's 27th Licensing Round, EnQuest had interests in 39 production licences covering 55 blocks or part blocks in the UKCS, of which 31 licences are operated by EnQuest. In addition, EnQuest also has an interest in two blocks offshore in Sabah, Malaysia.
EnQuest believes that the UKCS represents a significant hydrocarbon basin in a low risk region, which continues to benefit from an extensive installed infrastructure base and skilled labour. EnQuest believes that its assets offer material organic growth opportunities, driven by exploitation of current infrastructure on the UKCS and the development of low risk near field opportunities.
Forward looking statements: This announcement may contain certain forward-looking statements with respect to EnQuest's expectation and plans, strategy, management's objectives, future performance, production, costs, revenues, reserves and other trend information. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this presentation should be construed as a profit forecast. Past share performance cannot be relied on as a guide to future performance.