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Voting Results of Annual General Meeting

19 May, 2017

1. Results of Annual General Meeting 2017

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**
* 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.
Resolution 1
Annual Report & Accounts
482,031,085 99.94 284,953 0.06 482,316,038 341,108
Resolution 2
Remuneration Report
462,856,515 96.46 17,004,082 3.54 479,860,597 2,796,549
Resolution 3
Remuneration Policy
465,933,235 97.96 9,688,508 2.04 475,621,743 7,035,403
Resolution 4
Re-appointment of auditor
477,614,991 99.78 1,034,231 0.22 478,649,222 4,007,924
Resolution 5
Auditor’s remuneration
482,562,071 99.98 77,569 0.02 482,639,640 17,506
Resolution 6
Re-election of Ian Tyler
469,749,352 98.53 7,027,472 1.47 476,776,824 5,880,322
Resolution 7
Re-election of Todd Hunt
480,852,315 99.63 1,775,258 0.37 482,627,573 29,573
Resolution 8
Re-election of Iain McLaren
454,976,608 96.70 15,533,353 3.30 470,509,961 12,147,185
Resolution 9
Re-election of Alexander Berger
482,591,213 99.99 48,178 0.01 482,639,391 17,755
Resolution 10
Re-election of Jackie Sheppard
482,582,398 99.99 56,916 0.01 482,639,314 17,832
Resolution 11
Re-election of Keith Lough
482,580,738 99.99 45,834 0.01 482,626,572 30,574
Resolution 12
Re-election of Peter Kallos
482,591,267 99.99 47,610 0.01 482,638,877 18,269
Resolution 13
Re-election of Nicoletta Giadrossi
482,463,065 99.96 175,925 0.04 482,638,990 18,156
Resolution 14
Re-election of Simon Thomson
481,388,058 99.86 688,833 0.14 482,076,891 580,255
Resolution 15
Re-election of James Smith
482,454,717 99.96 172,845 0.04 482,627,562 29,584
Resolution 16
Authority to allot shares
474,150,695 98.46 7,396,820 1.54 481,547,515 1,109,631
Resolution 17***
Disapplication of pre-emption rights
479,727,194 99.40 2,899,396 0.60 482,626,590 30,556
Resolution 18***
Disapplication of pre-emption rights
469,021,919 97.18 13,604,093 2.82 482,626,012 31,134
Resolution 19***
Authority to purchase own shares
468,326,125 97.03 14,312,508 2.97 482,638,633 18,513

Resolution 20***

14 days’ notice of general meetings
468,505,940 97.63 11,354,468 2.37 479,860,408 2,796,738

Resolution 21

Adopt Long Term Incentive Plan (2017)
465,664,322 97.04 14,189,734 2.96 479,854,056 2,803,090

Resolution 22

Disposal of shares in Cairn India / Vedanta
479,893,279 99.99 61,350 0.01 479,954,629 2,702,517

 

2. 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. These documents will shortly be available for inspection at www.Hemscott.com/nsm.do.

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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