27 Jun 2016 15:57
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
Baron Oil (BOIL)