14 May 2014 12:27
PREMIER OIL PLC (the "Company")
Result of Annual General Meeting
The Annual General Meeting ("AGM") of Premier Oil plc (the "Company") was held today, 14 May 2014, at the Institute of Directors, 116 Pall Mall, London SW1Y 5ED at 11.00am. Each of the resolutions contained in the Notice of Meeting were put to the AGM, voted on by way of a show of hands and duly approved. All Board Directors were in attendance.
Details of the proxy votes received by the Company in advance of the AGM in respect of each resolution are provided below.
Resolution | Votes FOR (a) | % | Votes AGAINST | % | Votes WITHELD (b) |
1. Annual Report & Financial Statements 2013 | 337,324,714 | 99.90 | 331,070 | 0.10 | 1,060,758 |
2. Final Dividend for 2013 | 336,162,667 | 99.46 | 1,829,259 | 0.54 | 724,616 |
3. Annual Report on Remuneration | 331,325,251 | 98.56 | 4,850,298 | 1.44 | 2,540,993 |
4. Directors' Remuneration Policy | 289,525,378 | 86.12 | 46,648,769 | 13.88 | 2,542,395 |
5. Re-election of Robin Allan | 336,016,402 | 99.43 | 1,933,687 | 0.57 | 766,453 |
6. Election of David Bamford | 337,566,169 | 99.89 | 377,220 | 0.11 | 773,153 |
7. Election of Anne Marie Cannon | 337,570,097 | 99.89 | 375,161 | 0.11 | 771,284 |
8. Re-election of Joe Darby | 333,957,129 | 98.82 | 3,984,412 | 1.18 | 775,001 |
9. Re-election of Tony Durrant | 334,353,291 | 98.94 | 3,595,509 | 1.06 | 767,742 |
10. Re-election of Neil Hawkings | 336,021,372 | 99.43 | 1,927,316 | 0.57 | 767,854 |
11. Re-election of Jane Hinkley | 336,487,361 | 99.57 | 1,439,219 | 0.43 | 789,962 |
12. Re-election of David Lindsell | 333,609,505 | 98.82 | 3,989,007 | 1.18 | 1,118,030 |
13. Re-election of Simon Lockett | 306,942,624 | 90.83 | 30,984,579 | 9.17 | 789,339 |
14. Re-election of Andrew Lodge | 336,024,573 | 99.43 | 1,924,511 | 0.57 | 767,458 |
15. Re-election of Michel Romieu | 332,736,831 | 98.46 | 5,212,678 | 1.54 | 767,033 |
16. Re-election of Mike Welton | 332,170,896 | 98.29 | 5,762,584 | 1.71 | 783,062 |
17. Re-appointment of auditor | 326,163,353 | 97.70 | 7,667,136 | 2.30 | 4,886,053 |
18. Remuneration of auditor | 332,355,013 | 98.34 | 5,621,841 | 1.66 | 739,688 |
19. Authority to allot shares | 322,372,044 | 95.40 | 15,557,009 | 4.60 | 787,489 |
20. Disapplication of pre-emption rights (c) | 332,374,757 | 98.35 | 5,572,484 | 1.65 | 769,301 |
21. Purchase of own shares (c) | 315,216,213 | 93.27 | 22,738,664 | 6.73 | 761,665 |
22. Notice period for General Meetings (c) | 307,347,583 | 90.94 | 30,607,108 | 9.06 | 761,850 |
NOTES:
(a) The "For" proxy vote includes those giving the Chairman discretion.(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the proxy votes "For" or "Against" the resolution.(c) Special resolution.
Votes "For" and "Against" are expressed as a percentage of all proxy votes received in advance of the AGM.
Voting was conducted on a show of hands.
The total number of shares in issue on 12 May 2014 was 525,456,539 shares. 64.46% of voting capital, including votes withheld, was instructed in advance of the AGM.
The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.premier-oil.com
In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by the Company's shareholders, other than ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
Notes to editors
Premier is a leading FTSE 250 independent upstream oil and gas company with oil and gas interests in the North Sea, South East Asia, Pakistan and the Falkland Islands. Our strategy is to grow shareholder value through investment in high quality projects within a disciplined financial framework. We seek to maintain the highest standards of corporate responsibility.
Enquiries | |
Premier Oil plc | Tel: 020 7730 1111 |
Simon Lockett, CEO | |
Tony Durrant, Finance Director | |
Bell Pottinger PR | Tel: 020 7861 3232 |
Gavin Davis | |
Henry Lerwill |