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Results of Annual General Meeting

31st May 2012 07:35

31 May 2012 TANGIERS PETROLEUM LIMITED ANNUAL GENERAL MEETING RESULTS

The following information is provided in relation to the resolutions passed by the members of Tangiers Petroleum Limited at its Annual General Meeting held on 31 May 2012.

Resolution 1: Adoption of Remuneration Report

The total number of proxy votes exercisable by proxies validly appointed was 3,827,481.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 3,821,981 - - 5,500

Resolution 2: Re-election of Graham Anderson as a Director

The total number of proxy votes exercisable by proxies validly appointed was 3,827,481.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 3,827,481 - - -

Resolution 3: Change of Auditor

The total number of proxy votes exercisable by proxies validly appointed was 3,827,481.

The resolution was decided by a show of hands.

A breakdown of the proxies is as follows:

FOR AGAINST OPEN ABSTAIN 3,767,569 59,912 - - KRYSTEL KIROUJoint Company SecretaryTangiers Petroleum Limited14 Emerald TerraceWest Perth, WA, 6005Ph: +61 (8) 9322 2700Fax: +61 (8) 9322 7211www.tangierspetroleum.comContactsMr Mark CeglinskiChairman+61 8 9263 5205RFC Ambrian Limited (Nominated Adviser)Mr Stuart Laing+61 8 9480 2506

Old Park Lane Capital PLC (Joint AIM Broker)

Mr Michael ParnesMr Luca Tenuta+ 44 20 7493 8188

Shore Capital Stockbrokers Ltd (Joint AIM Broker)

Mr Jerry KeenMr Bidhi Bhoma+ 44 20 7408 4090

Casimir Capital (Principal American Liaison)

Mr Stephen Silver+1 212 798 1372

Mr Paul Youens / Mr Ed Portman (Media and Investor Relations - United Kingdom) Tavistock Communications +44 20 7920 3150

Mr Bill Kemmery Fortbridge Consulting +61 400 122 449


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