OREANDA-NEWS. May 15, 2015. Cairn 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.

Each of the resolutions put to the Annual General Meeting was voted on by way of a poll and the results are set out in the table below. Each shareholder, present in person or by proxy, was entitled to one vote per share held.

RESOLUTION FOR* % AGAINST % TOTAL WITHHELD**
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes ‘For’ and ‘Against’ a resolution.
*** Indicates a Special Resolution.
Resolution 1
Annual Report & Accounts		 416,063,006 99.93 305,859 0.07 416,368,865 1,245,805
Resolution 2
Remuneration Report		 410,111,848 98.59 5,858,991 1.41 415,970,839 1,643,831
Resolution 3
Re-appointment of auditor		 411,965,238 99.74 1,069,971 0.26 413,035,209 4,579,461
Resolution 4
Auditor’s remuneration		 416,349,347 99.99 47,386 0.01 416,396,733 1,217,937
Resolution 5
Re-election of
Ian Tyler		 404,414,994 97.89 8,700,961 2.11 413,115,955 4,498,715
Resolution 6
Re-election of
Todd Hunt		 412,302,997 99.02 4,077,347 0.98 416,380,344 1,234,326
Resolution 7
Re-election of
Iain McLaren		 405,287,710 98.84 4,743,997 1.16 410,031,707 7,582,963
Resolution 8
Re-election of Alexander Berger		 415,946,114 99.90 433,837 0.10 416,379,951 1,234,719
Resolution 9
Re-election of
Jackie Sheppard		 415,839,481 99.87 530,170 0.13 416,369,651 1,245,019
Resolution 10
Re-election of
Simon Thomson		 408,130,128 98.02 8,237,505 1.98 416,367,633 1,247,037
Resolution 11
Re-election of
James Smith		 415,194,495 99.72 1,164,184 0.28 416,358,679 1,255,991
Resolution 12
Authority to allot shares		 414,024,697 99.43 2,363,656 0.57 416,388,353 1,226,317
Resolution 13***
Disapplication of pre-emption rights		 416,311,723 99.98 65,285 0.02 416,377,008 1,237,662
Resolution 14***
Authority to purchase own shares		 414,874,923 99.64 1,517,040 0.36 416,391,963 1,222,707
Resolution 15***
14 days’ notice of general meetings		 404,725,300 97.20 11,672,777 2.80 416,398,077 1,216,593
Resolution 16
Disposal of shares in Cairn India		 414,630,887 99.99 26,492 0.01 414,657,379 2,956,417

 

2. Resolutions Submitted to NSM

The Company has today submitted to the National Storage Mechanism (NSM) copies of Resolutions passed at the Annual General Meeting concerning items other than ordinary business. These documents will shortly be available for inspection at www.Hemscott.com/nsm.do.

The resolutions carried at the Annual General Meeting are set out in full in the Notice of Annual General Meeting which can be found on the Company’s website at www.cairnenergy.com.

Enquiries:

Analysts/Investors    
David Nisbet Corporate Affairs 0131 475 3000
Media    
Patrick Handley Brunswick Group LLP 0207 404 5959
David Litterick Brunswick Group LLP 0207 404 5959