7th Aug 2014 12:24
7 August 2014
Hardy Oil and Gas plc
(LSE: HDY)
AGM Statement
Hardy Oil and Gas plc ('Hardy' or the 'Company'), 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. The results of each of the resolutions put to the Annual General Meeting are set out below:
#
| Description
| Type
| For
| Against
| Withheld
| Total
| Votes for % |
1 | Adopt annual accounts for year ended 31 December 2012 | Ordinary | 45,736,967 | 83,747 | 0 | 45,820,714 | 99.82% |
2a | To approve the Report on Remuneration | Ordinary | 34,198,822 | 10,762,311 | 859,581 | 45,820,714 | 74.64% |
2b | To approve the Directors' Remuneration Policy | Ordinary | 33,696,491 | 12,106,030 | 18,193 | 45,820,714 | 73.54% |
3 | To re-elect Pradip Shah as a Director of the Company. | Ordinary | 34,124,353 | 11,454,445 | 241,916 | 45,820,714 | 74.74% |
4 | To re-elect Yogeshwar Sharma as a Director of the Company. | Ordinary | 36,225,572 | 9,335,033 | 260,109 | 45,820,714 | 79.06% |
5 | To re-elect Ian MacKenzie as a Director of the Company | Ordinary | 45,817,301 | 3,413 | 0 | 45,820,714 | 99.99% |
6 | Re-appointment of Crowe Clark Whitehill LLP as auditor | Ordinary | 45,482,975 | 58,596 | 279,143 | 45,820,714 | 99.26% |
7 | Disapplication 5% of issued share capital* | Special | 45,818,332 | 2,382 | 0 | 45,820,714 | 99.99% |
Total shares issued | 73,148,416 | ||||||
Total issued share capital instructed 62.64% | |||||||
Notes:
* Special resolution.
1. Proxy appointments which gave discretion to the Chairman of the Annual General Meeting have been included in the "For" total of the appropriate resolution.
2. 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 "Total issued share capital instructed" for any resolution.
3. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
4. The number of shares in issue at 6.00 p.m. on 7 August 2014 was 73,148,416 (the "Share Capital") and at that time, Hardy did not hold any shares in treasury.
5. The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total of votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.
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 http://www.morningstar.co.uk and also on the Company's website at http://www.hardyoil.com. A copy of the resolutions (other than resolutions concerning the ordinary business at the Annual General Meeting) passed at the Annual General Meeting will shortly be submitted to the National Storage Mechanism and will also be available for inspection at http://www.hemscott.com/nsm.do.
For further information please visit www.hardyoil.com or contact:
Hardy Oil and Gas plc | 012 2461 2900 |
Ian MacKenzie, Chief Executive Officer Richard Galvin, Treasurer & Corporate Affairs Executive | |
Arden Partners plc | 020 7614 5917 |
Steve Douglas | |
James Felix | |
Tavistock Communications | 020 7920 3150 |
Simon Hudson Conrad Harrington |
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HDY.L