TIDMPMO
RNS Number : 3436O
Premier Oil PLC
16 May 2018
PREMIER OIL PLC
Result of Annual General Meeting
The Annual General Meeting ("AGM") of Premier Oil plc (the
"Company") was held today, 16 May 2018, at No. 11 Cavendish Square,
London, W1G 0AN at 11.00am. Each of the resolutions contained in
the Notice of Meeting were put to the AGM, voted on by way of a
poll and duly approved.
The total number of votes received on each resolution put to the
AGM was as follows:
No. Resolution Votes FOR (a) % Votes AGAINST % Votes WITHHELD (b)
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
1 Approve Annual Report and Accounts 381,934,915 99.99 53,966 0.01 2,552,108
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
2 Approve Annual Report on Remuneration 258,516,183 68.34 119,764,664 31.66 6,260,141
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
3 Re-elect Robin Allan 381,905,004 99.38 2,379,978 0.62 256,007
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
4 Elect Dave Blackwood 382,093,426 99.43 2,197,798 0.57 249,765
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
5 Re-elect Anne Marie Cannon 381,465,598 99.26 2,851,780 0.74 223,611
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
6 Re-elect Tony Durrant 380,629,234 99.05 3,655,008 0.95 256,747
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
7 Elect Roy A Franklin 371,007,566 98.43 5,922,552 1.57 7,610,870
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
8 Re-elect Jane Hinkley 359,510,197 93.55 24,792,139 6.45 238,651
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
9 Re-elect Iain Macdonald 381,405,742 99.25 2,896,224 0.75 239,023
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
10 Re-elect Richard Rose 381,812,402 99.35 2,497,943 0.65 230,644
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
11 Elect Mike Wheeler 381,221,081 99.20 3,066,813 0.80 253,095
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
12 Re-appoint Ernst & Young LLP as Auditor 380,867,429 99.58 1,604,163 0.42 2,069,395
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
Authorise ARC to approve Auditor
13 remuneration 383,687,870 99.86 552,487 0.14 300,632
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
14 Authorise Company to make political 371,708,728 96.73 12,558,019 3.27 274,242
donations
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
15 Authorise Directors to allot shares 380,597,070 99.06 3,598,908 0.94 345,011
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
16 Authority to disapply pre-emption rights 383,774,800 99.88 453,302 0.12 312,887
(up to 5% of issued share capital) (c)
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
17 Authority to disapply pre-emption rights 380,049,827 98.92 4,164,414 1.08 326,747
in connection with specific acquisition/
investment
(further 5% of issued share capital) (c)
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
18 Authority to purchase own shares (c) 381,258,583 99.25 2,891,043 0.75 391,362
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
19 Authority to call General Meetings by 372,654,606 96.97 11,651,781 3.03 234,602
notice of not less than 14 days (c)
---- ------------------------------------------- -------------- ------ -------------- ------ -------------------
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.
The Board notes that Resolution 2, to approve the remuneration
report, has received a significant number of votes cast against it
(119,764,664 votes, 31.66% of votes validly cast). An extensive
shareholder engagement programme was undertaken prior to the AGM.
We thank those shareholders who have spoken with us to explain
their reasons for both supporting and voting against the
resolution. The Remuneration Committee remains committed to
continuing dialogue with shareholders in the ongoing implementation
of our Remuneration Policy. The Committee will now analyse the
voting outcome and will continue to engage with major shareholders
to more fully understand their perspectives, as appropriate.
Votes "For" and "Against" are expressed as a percentage of all
proxy votes received in advance of the AGM, excluding any
"Withheld" votes.
The total number of shares in issue on 14 May 2018, the deadline
for casting votes by proxy in advance of the AGM, was 768,143,965
shares. 50.06% of voting capital, including votes withheld, was
instructed in respect of the resolutions put to 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
Enquiries
Premier Oil plc Tel: 020 7730 1111
Company Secretariat:
Rachel Rickard
Investor Relations:
Elizabeth Brooks
This information is provided by RNS
The company news service from the London Stock Exchange
END
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