1st Sep 2011 17:00
D1 Oils plc ("D1" or the "Company")
Result of Annual General Meeting and resignation of auditors
D1 is pleased to announce that at its Annual General Meeting, held at 12.30 pm today, all resolutions were duly passed by shareholders.
Each of the resolutions was passed by the required majority. The table below sets out the proxy votes cast in respect of each resolution.
Resolution | Total votes in favour | Votes in favour (% of votes cast) | Chairman's Discretion | Total votes against | Total votes withheld |
1 | 24,367,314 | 99.78 | 51,073 | 3,461 | 0 |
2 | 24,365,314 | 99.77 | 51,073 | 5,461 | 0 |
3 | 24,341,251 | 99.67 | 61,073 | 19,524 | 0 |
4 | 24,341,251 | 99.67 | 61,073 | 19,524 | 0 |
5 | 24,339,751 | 99.66 | 62,573 | 19,524 | 0 |
6 | 20,256,473 | 82.94 | 50,500 | 4,114,875 | 0 |
7 | 24,334,165 | 99.64 | 61,073 | 26,610 | 0 |
8 | 24,332,565 | 99.64 | 62,073 | 27,210 | 0 |
In addition, it was announced at the Annual General Meeting that Ernst & Young LLP has notified the Company that it intends to resign as D1's auditors within two months. Ernst & Young LLP has confirmed that it is not currently aware of any circumstances connected with its resignation which it considers ought to be brought to the attention of members or creditors of D1 and that it expects to deposit with the Company a statement of no circumstances in accordance with Section 519(2) of the Companies Act 2006.
The Company will announce the appointment of new auditors in due course.
For further information please contact:-
D1 Oils plc +44 (0) 20 7936 9104
Steven Rudofsky
Executive Chairman
WH Ireland + 44 (0) 20 7220 0470
Chris Fielding
Ends
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