18th May 2011 15:39
Dragon Oil plc
Results of AGM
Dublin & London, 18 May 2011: All resolutions set out in the Notice of the meeting for the Annual General Meeting ("AGM") of Dragon Oil plc ("Dragon Oil" or the "Company") held on 18 May 2011 were passed by shareholders. These resolutions were set out in the Notice of the Annual General Meeting which was posted to shareholders on 13 April 2011 and is available on the Dragon Oil's website, www.dragonoil.com.
The results of all the polls conducted at the meeting are set out below.
Resolution | For | % | Against | % | Withheld* | Result |
Resolution 1 - receipt and consideration of the accounts | 394,076,343 | 99.86% | 154,459 | 0.04% | 25,183 | Passed |
Resolution 2 - declaration of dividend | 394,291,635 | 99.90% | 4,258 | 0.01% | 11,103 | Passed |
Resolution 3(a) - re-election of Mr. Mohammed Al Ghurair as a director | 314,807,027 | 87.99% | 42,578,101 | 11.90% | 36,867,601 | Passed |
Resolution 3(b) - re-election of Dr. Abdul Jaleel Al Khalifa as a director | 357,500,031 | 98.63% | 4,568,438 | 1.26% | 32,185,806 | Passed |
Resolution 3(c) - re-election of Mr. Nigel McCue as a director | 316,331,408 | 88.23% | 41,797,193 | 11.66% | 36,129,464 | Passed |
Resolution 4 - receipt and consideration of the Remuneration Report | 305,366,011 | 97.24% | 8,218,973 | 2.62% | 80,634,717 | Passed |
Resolution 5 - Auditors' remuneration | 393,032,486 | 99.60% | 1,155,088 | 0.29% | 37,854 | Passed |
Resolution 6 - approval of location of 2012 AGM | 393,953,499 | 99.83% | 171,831 | 0.04% | 25,472 | Passed |
Resolution 7 - approval of EGMs on 14 days' notice | 391,969,786 | 99.33% | 2,146,367 | 0.54% | 23,221 | Passed |
Resolution 8 - authorise the Directors to allot shares for cash | 128,222,621 | 99.13% | 515,535 | 0.40% | 265,318,058 | Passed |
Resolution 9 - authorise the Company to make purchases of shares up to 10% of the aggregate of the present issued share capital | 393,793,075 | 99.80% | 252,982 | 0.06% | 58,540 | Passed |
Resolution 10 - amendment of Articles of Association concerning (i) rotation and remuneration of Directors and (ii) payment of dividends in different currencies | 128,422,397 | 99.34% | 210,985 | 0.16% | 265,375,131 | Passed |
Resolution 11 - approval of the 2011 Employee Share Purchase Plan | 390,764,203 | 99.03% | 3,228,919 | 0.82% | 83,783 | Passed |
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
The Company also advises that copies of the above documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.
Copies of these documents have also been submitted to the Irish Stock Exchange and are available for inspection at:
Companies Announcements Office
The Irish Stock Exchange
28 Anglesea Street
Dublin 2
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For further information please contact:
Media enquiries
Citigate Dewe Rogerson
Martin Jackson
George Cazenove
+44 (0)20 7638 9571
Investor and analyst enquiries
Dragon Oil plc
Anna Gavrilova
+44 (0)20 7647 7804
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