CAPRICORN ENERGY PLC

Declaration of Voting Results & Voting Rights Announcements • May 11, 2021

National Storage Mechanism | Additional information

RNS Number : 2598Y

Cairn Energy PLC

11 May 2021

FOR IMMEDIATE RELEASE                                                                                         11 May 2021

CAIRN ENERGY PLC ("Cairn" or "the Company")

Voting Results of Annual General Meeting

1. Results of Annual General Meeting 2021

Cairn announces that at the Annual General Meeting held earlier today, all resolutions set out in the Notice of Annual General Meeting put to the Annual General Meeting were passed by the requisite majority.

Each of the resolutions put to the Annual General Meeting was voted on by way of a poll and the results are set out in the table below. Each shareholder, present in person or by proxy, was entitled to one vote per share held.

RESOLUTION		FOR*	%		AGAINST	%		TOTAL	WITHHELD**
Resolution 1 Annual Report & Accounts		377,981,760	99.89%		399,422	0.11%		378,381,182	582,883
Resolution 2 Remuneration report		246,776,576	65.13%		132,138,647	34.87%		378,915,223	48,842
Resolution 3 Re-appointment of auditor		373,238,968	98.49%		5,714,045	1.51%		378,953,013	11,052
Resolution 4 Auditor's remuneration		378,107,367	99.78%		826,379	0.22%		378,933,746	30,319
Resolution 5 Re-election of Nicoletta Giadrossi		302,609,531	81.34%		69,409,099	18.66%		372,018,630	6,945,435
Resolution 6 Re-election of Keith Lough		375,681,404	99.44%		2,133,852	0.56%		377,815,256	1,148,809
Resolution 7 Re-election of Peter Kallos		332,161,645	87.91%		45,663,601	12.09%		377,825,246	1,138,819
Resolution 8 Re-election of Alison Wood		374,043,313	99.00%		3,782,141	1.00%		377,825,454	1,138,611
Resolution 9 Re-election of Catherine Krajicek		377,339,655	99.87%		485,558	0.13%		377,825,213	1,138,852
Resolution 10 Re-election of Erik Daugbjerg		377,573,257	99.94%		237,727	0.06%		377,810,984	1,153,081
Resolution 11 Re-election of Simon Thomson		363,258,168	96.15%		14,552,858	3.85%		377,811,026	1,153,039
Resolution 12 Re-election of James Smith		377,141,514	99.82%		669,512	0.18%		377,811,026	1,153,039
Resolution 13 Authority to allot shares	373,549,688			98.58%	5,387,220		1.42%	378,936,908	27,157
Resolution 14*** Disapplication of pre-emption rights	377,469,638			99.62%	1,456,651		0.38%	378,926,289	37,776
Resolution 15*** Disapplication of pre-emption rights	359,173,693			94.79%	19,755,343		5.21%	378,929,036	35,029
Resolution 16*** Authority to purchase own shares	372,450,032			98.34%	6,291,552		1.66%	378,741,584	222,481
Resolution 17*** 14 days' notice of general meetings	370,433,946			97.75%	8,507,406		2.25%	378,941,352	22,713

* 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' and 'Against' a resolution.

*** Indicates a Special Resolution.

2. Resolution 2

The Board notes that, while all of the resolutions at today's Annual General Meeting were passed with the requisite majority, Resolution 2 (Approval of the Remuneration Report) passed with 65.13% of votes in favour.  

Following the Annual General Meeting, Cairn will continue to engage with its shareholders and carefully consider all feedback. We will publish an update on that engagement within six months of the Annual General Meeting, in accordance with the UK Corporate Governance Code

3. Resolutions Submitted to NSM

The Company has today submitted to the National Storage Mechanism (NSM) copies of Resolutions passed at the Annual General Meeting concerning items other than ordinary business. The NSM can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The resolutions carried at the Annual General Meeting are set out in full in the Notice of Annual General Meeting which can be found on the Company's website at www.cairnenergy.com

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