TULLOW OIL PLC

AGM Information • Apr 25, 2019

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RNS Number : 1478X

Tullow Oil PLC

25 April 2019

Thursday 25 April 2019

Tullow Oil plc ("Tullow" or the "Company")

RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON THURSDAY 25 APRIL 2019

Tullow announces that at its 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 below:

	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% OF ISC VOTES	VOTES WITHHELD
1. To receive and adopt the Company's annual accounts and associated reports for the financial year ended 31 December 2018	912,533,968	100.00	20,876	0.00	912,554,844	65.08	3,366,700
2. To declare a final dividend of 4.8 cents per ordinary share for the financial year ended 31 December 2018	915,899,708	100.00	2,350	0.00	915,902,058	65.32	19,486
3. To approve the Annual Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration	795,256,539	86.87	120,176,428	13.13	915,432,967	65.28	488,576
4. To re-elect Mike Daly as a Director	914,144,577	99.81	1,740,499	0.19	915,885,076	65.31	36,468
5. To re-elect Steve Lucas as a Director	890,369,810	97.22	25,506,783	2.78	915,876,593	65.31	44,950
6. To re-elect Angus McCoss as a Director	914,135,562	99.81	1,749,514	0.19	915,885,076	65.31	36,468
7. To re-elect Paul McDade as a Director	913,417,866	99.81	1,748,264	0.19	915,166,130	65.26	755,414
8. To elect Dorothy Thompson as a Director	912,932,278	99.68	2,951,691	0.32	915,883,969	65.31	37,575
9. To re-elect Jeremy Wilson as a Director	872,540,212	95.27	43,334,496	4.73	915,874,708	65.31	46,835
10. To re-elect Les Wood as a Director	911,165,897	99.50	4,562,886	0.50	915,728,783	65.30	192,761
11. To re-appoint Deloitte LLP as auditors of the Company	876,302,286	95.82	38,196,593	4.18	914,498,879	65.22	1,358,103
12. To authorise the Audit Committee to determine the remuneration of Deloitte LLP	900,303,617	99.23	6,963,122	0.77	907,266,739	64.70	8,654,805
13. To renew the Directors' authority to allot shares	882,796,875	96.39	33,073,885	3.61	915,870,760	65.31	50,784
14. To dis-apply statutory pre-emption rights*	875,487,211	95.59	40,376,405	4.41	915,863,616	65.31	57,928
15. To authorise the Company to hold general meetings on no less than 14 clear days' notice*	850,377,135	92.85	65,515,675	7.15	915,892,810	65.31	28,734
16. To authorise the Company to purchase its own shares*	915,819,055	99.99	85,956	0.01	915,905,011	65.32	13,161

Notes:

(1)  * denotes a special resolution.

(2)  Proxy appointments which gave discretion to the Chairman of the Annual General Meeting have been included in the "For" total of the appropriate resolution.

(3)  A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any resolution nor in the calculation of the proportion of "Percentage of ISC voted" for any resolution.

(4)  The percentage of votes "For" and "Against" any resolution is expressed as a percentage of votes validly cast for that resolution.

(5)  The number of shares in issue at 6.00 p.m. on 23 April 2019 was 1,402,274,900 ordinary shares of 10 pence each (the "Ordinary Shares") and at that time, Tullow did not hold any Ordinary Shares in treasury. The proportion of "Percentage of ISC voted" for any resolution is the total of votes "For" and "Against" in respect of that resolution expressed as a percentage of the ISC as described in this note (5).

(6)  As announced on 28 February 2019, Tutu Agyare did not stand for re-election as a Director and stepped down from the Board with effect from the conclusion of the Annual General Meeting.   

(7)  In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism, and will shortly be available to view at http://www.morningstar.co.uk/uk/NSM. The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website at http://www.tullowoil.com. 

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