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Tullow Oil plc announced the results of its Annual General Meeting (AGM) held on Thursday 22 May 2025. All 13 resolutions put to the AGM were passed by the requisite majority of shareholders. These resolutions, which included the re-election of directors and the re-appointment of Ernst & Young LLP as auditor, saw "for" votes ranging from 86.34% to 99.96% of votes cast, with approximately 53.38% to 53.40% of the Issued Share Capital being voted.
| Date | 22 May 2025 |
| Time | 13:35:00 |
| Category | AGMs and other meetings |
| ID | 8334J |
Tullow Oil plc
("Tullow" or the "Company")
RESULTS OF THE ANNUAL GENERAL MEETING
HELD ON THURSDAY 22 MAY 2025
|
|
VOTES FOR |
% |
VOTES AGAINST |
% |
VOTES TOTAL |
% OF ISC VOTES |
VOTES WITHELD |
|
1. To receive and adopt the Company's annual accounts for the financial year ended 31 December 2024.
|
779,782,117 |
99.96% |
337,193 |
0.04% |
780,119,310 |
53.39% |
529,292 |
|
2. To approve the Annual Statement by the Chair of the Remuneration Committee and the Annual Report on Remuneration set out on pages 89-112 of the Company's Annual Report and Accounts for the financial year ended 31 December 2024.
|
739,632,877 |
94.84% |
40,223,466 |
5.16% |
779,856,343 |
53.38% |
742,049 |
|
3. To re-elect Phuthuma Nhleko as a Director.
|
744,759,247 |
98.58% |
10,708,956 |
1.42% |
755,468,203 |
51.71% |
25,166,713 |
|
4. To re-elect Richard Miller as a Director. |
779,045,155 |
99.88% |
940,737 |
0.12% |
779,985,892 |
53.39% |
655,000 |
|
5. To re-elect Martin Greenslade as a Director. |
771,442,501 |
98.91% |
8,528,407 |
1.09% |
779,970,908 |
53.38% |
664,008 |
|
6. To re-elect Sheila Khama as a Director. |
747,011,433 |
95.77% |
32,967,323 |
4.23% |
779,978,756 |
53.38% |
656,160 |
|
7. To re-elect Mitchell Ingram as a Director. |
720,608,701 |
92.39% |
59,369,645 |
7.61% |
779,978,346 |
53.38% |
656,570 |
|
8. To re-elect Genevieve Sangudi as a Director. |
777,932,574 |
99.74% |
2,043,776 |
0.26% |
779,976,350 |
53.38% |
658,566 |
|
9.To re-elect Roald Goethe as a Director. |
673,446,751 |
86.34% |
106,521,410 |
13.66% |
779,968,161 |
53.38% |
666,755 |
|
10. To re-elect Rebecca Wiles as a Director. |
777,755,994 |
99.72% |
2,220,410 |
0.28% |
779,976,404 |
53.38% |
658,512 |
|
11. To re-appoint Ernst & Young LLP as auditor of the Company.
|
779,038,229 |
99.87% |
1,011,048 |
0.13% |
780,049,277 |
53.39% |
535,145 |
|
12. To authorise the Audit Committee to determine the remuneration of Ernst & Young LLP.
|
779,130,317 |
99.88% |
939,044 |
0.12% |
780,069,361 |
53.39% |
573,265 |
|
*13. That the Company be and is hereby generally and unconditionally authorised to hold general meetings (other than Annual General Meetings) on no less than 14 clear days' notice.
|
771,543,506 |
98.89% |
8,622,736 |
1.11% |
780,166,242 |
53.40% |
482,360 |
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:
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) In accordance with LR 6.4.2, 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism. 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.