Last checked at 21 May 2009 07:00
21 May 2009
ROC OIL COMPANY LIMITED ("ROC")
STOCK EXCHANGE RELEASE
RESOLUTIONS PUT TO ANNUAL GENERAL MEETING
AND DISCLOSURE OF PROXY VOTES
ROC advises that the result of the resolutions put to its members at its Annual General Meeting held earlier today were as follows:
2. Re-election of Mr A Love as a Director
Result - carried.
3. Election of Mr R Leon as a Director
Result - carried.
4. Amendment to Constitution: to insert Proportional Takeover Provisions by passing the following resolution:
"That pursuant to section 136(2) of the Corporations Act, the Company's Constitution is amended by inserting the rule 14 as set out in full in the Notice of Annual General Meeting."
Result - carried.
5. Authority for Share Issue Ratification by passing the following resolution:
"That, for the purposes of Listing Rule 7.1 and for all other purposes, shareholders of the Company hereby approve and authorise the issue of up to 88,200,000 Shares at an issue price of at least 80% of the average market price of the shares calculated over the last five days on which sales in Shares were recorded on ASX before the date on which the Shares are issued, on the terms and conditions contained in the Explanatory Memorandum."
Result - carried.
6. Ratification of Option Issue by passing the following resolution:
"That, pursuant to Listing Rule 7.1 of the Listing Rules of the Australian Stock Exchange Limited, the Company approve and ratify the issue of share options in the capital of the Company with a total value and in the number specified in the paragraph headed 'Resolution 6: Ratification of Options in the Explanatory Statement attached to this Notice of Meeting."
Result - carried.
9. Adoption of the Remuneration Report for the year ended 31 December 2007
Result - carried.
Resolutions 7 and 8 were withdrawn and not put to a vote of members at the meeting.
In accordance with Section 251AA(2) of the Corporations Act, ROC also notifies that all of the above resolutions were decided on a show of hands and that the total number of proxy votes received specified that the appointee was to vote in respect of all resolutions as follows:
| Resolution No. | For | Against | Abstain | Discretion |
| 2 | 128,625,807 | 2,633,674 | 799,715 | 8,645,044 |
| 3 | 128,998,932 | 2,313,226 | 817,076 | 8,575,006 |
| 4 | 127,785,574 | 2,116,640 | 1,818,014 | 8,984,012 |
| 5 | 74,093,148 | 56,626,944 | 1,510,852 | 2,434,625 |
| 6 | 125,424,471 | 5,283,860 | 1,418,398 | 2,469,913 |
| 9 | 95,668,504 | 34,571,172 | 2,306,179 | 8,157,835 |
Bruce Clement
Chief Executive Officer
For further information please contact:
Mr Bruce Clement on
Tel: +61-2-8023-2000
Fax: +61-2-8023-2222
Email: bclement@rocoil.com.au
Or visit ROC's website: www.rocoil.com.au
Michael Shaw
Oriel Securities Limited (Nominated Adviser)
Tel: +44 (0)20 7710 7600
Bobby Morse
Buchanan Communications
Tel: + 44 (0)20 7466 5000
Fax: + 44 (0)20 7466 5001
E-Mail: bobbym@buchanan.uk.com
Mob: +44 (0)7802 875 227