Press / Press Releases

Result of AGM and Directorate Change

Date: 27 Jun 2016
27 June 2016

BARON OIL PLC

(“Baron Oil” or “the Company”)

Result of AGM and Directorate Change

 

Baron¬†Oil, the AIM-listed oil and gas exploration and production company, announces that¬†at the Annual General Meeting of the Company (the “AGM”), which took place earlier today, all resolutions outlined in the Notice of AGM were duly passed.¬† Details of the proxy votes are below.

In addition, Mr William Colvin announced at today’s AGM that he will step back from his role as Executive Chairman to become Non-Executive Chairman with immediate effect.¬† Dr Malcolm Butler, a non-executive director of the Company, will become Chief Executive Officer and Mr Geoff Barnes, a non-executive Director, will become Finance Director, both with immediate effect.¬†

The proxy votes received on each resolution proposed at the AGM were as follows.  A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution. 

 

For

Against

Withheld

Discretion

Ordinary Resolutions

1.  to receive accounts

233,484,838

18,592

32,297

203,804

2.  to re-appoint auditors

233,488,774

4,000

32,297

216,535

3.  to re-elect Malcolm Butler as a Director

233,491,505

14,000

32,297

203,804

4.  to re-elect Geoffrey Barnes as a Director

233,456,774

26,731

54,297

203,804

5.  to provide the Directors with authority to allot shares

233,334,041

115,464

88,297

203,804

Special Resolution

6. to dis-apply pre-emption rights

233,381,894

103,380

39,797

216,535

The presentation given to shareholders at the AGM is available on the Company’s website www.baronoilplc.com

 

 

For further information:

 

Baron Oil Plc

Malcom Butler                                                               Tel: +44 (0)1892 249020

Geoff Barnes                                                                

Cantor Fitzgerald Europe 

Nominated Adviser and Broker

Sarah Wharry (Corporate Finance)                                   Tel:  +44 (0) 20 7894 7000

This information is provided by RNS
The company news service from the London Stock Exchange