News

Voting Results of Annual General Meeting

12 May, 2016

1. Results of Annual General Meeting 2016

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
454,387,023 99.94 273,127 0.06 454,660,150   436,913
Resolution 2
Remuneration Report
423,241,645 98.80 5,138,296 1.20 428,379,941   26,717,122
Resolution 3
Re-appointment of auditor
454,055,212 99.77 1,040,199 0.23 455,095,411   1,652
Resolution 4
Auditor’s remuneration
455,053,763 99.99 41,396 0.01 455,095,159   1,904
Resolution 5
Re-election of
Ian Tyler
449,521,048 98.79 5,499,204 1.21 455,020,252   76,811
Resolution 6
Re-election of
Todd Hunt
452,552,893 99.44 2,535,505 0.56 455,088,398   8,665
Resolution 7
Re-election of
Iain McLaren
451,595,969 99.23 3,491,253 0.77 455,087,222   9,841
Resolution 8
Re-election of Alexander Berger
455,033,148 99.99 55,239 0.01 455,088,387   8,676
Resolution 9
Re-election of
Jackie Sheppard
455,030,588 99.99 56,964 0.01 455,087,552   9,511
Resolution 10
Re-election of
Keith Lough
454,507,033 99.87 568,848 0.13 455,075,881   21,182
Resolution 11
Re-election of
Peter Kallos
454,519,261 99.88 568,427 0.12 455,087,688   9,375
Resolution 12
Re-election of
Simon Thomson
440,490,293 96.79 14,598,105 3.21 455,088,398   8,665
Resolution 13
Re-election of
James Smith
454,490,797 99.87 585,783 0.13 455,076,580   20,483
Resolution 14
Authority to allot shares
452,460,120 99.63 1,697,917 0.37 454,158,037   939,026
Resolution 15***
Disapplication of pre-emption rights
455,009,217 99.98 76,884 0.02 455,086,101   10,962
Resolution 16***
Authority to purchase own shares
448,775,014 98.61 6,312,716 1.39 455,087,730   9,333
Resolution 17***
14 days’ notice of general meetings
439,391,212 96.55 15,697,036 3.45 455,088,248   8,815
Resolution 18
Disposal of shares in Cairn India
452,994,901 99.99 28,303 0.01 453,023,204   2,073,859

 

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.

Related information
Voting Results of Annual General Meeting Download PDF 0.23MB