28 May 2014
EnQuest PLC ("EnQuest" or the "Company")
Voting results of the Annual General Meeting held on 28 May 2014
EnQuest announces that at the Company's Annual General Meeting held today, all
resolutions set out in the Notice of Annual General Meeting and put to the
meeting were passed by the requisite majority.
Set out below are the voting proxies in respect of the resolutions received by
the Company at the close of register on 26 May 2014. The number of ordinary
shares in issue at that date was 802,660,757.
Resolution For * % Against % Votes Total
Withheld
**
Resolution 1 450,378,894 98.525% 6,743,806 1.475% 457,122,700
2,684,407
Annual
Report & Accounts
Resolution 2 Re 441,290,779 96.717% 14,978,606 3.283% 456,269,385
3,536,853
-election
of Dr James
Buckee
Resolution 3 Re 439,094,354 96.050% 18,058,512 3.950% 457,152,866
2,648,868
-election
of Amjad Bseisu
Resolution 4 Re 456,198,979 99.790% 960,406 0.210% 457,159,385
2,646,719
-election
of Jonathan
Swinney
Resolution 5 Re 452,217,978 98.919% 4,939,868 1.081% 457,157,846
2,648,392
-election
of Helmut
Langanger
Resolution 6 Re 450,027,460 98.827% 5,342,273 1.173% 455,369,733
4,436,371
-election
of Jock Lennox
Resolution 7 Re 440,820,389 98.697% 5,820,233 1.303% 446,640,622
13,161,112
-election
of Phil Nolan
Resolution 8 Re 409,160,416 91.791% 36,589,962 8.209% 445,750,378
14,051,356
-election
of Clare
Spottiswoode
Resolution 9 Re 434,982,823 95.151% 22,169,205 4.849% 457,152,028
2,654,210
-appointment of
auditors
Resolution For* % Against % Votes Total
Withheld**
Resolution 438,025,705 98.668% 5,912,836 1.332% 443,938,541
15,867,495
10Directors
Remuneration
Policy
Resolution 11 445,339,754 97.995% 9,113,580 2.005% 454,453,334
5,352,702
Directors
Remuneration
Report
Resolution 12 442,429,584 96.786% 14,692,262 3.214% 457,121,846
2,680,102
Political
Donations
Resolution 456,086,568 99.909% 416,893 0.091% 456,503,461
3,302,857
13Authority to
allot shares
Resolution 14 450,140,194 98.473% 6,978,511 1.527% 457,118,705
2,687,747
***Disapplication
of pre
-emption rights
Resolution 15 457,004,961 99.969% 140,247 0.031% 457,145,208
2,661,244
***Authority
to purchase own
shares
Resolution 16 456,930,896 99.964% 164,908 0.036% 457,095,804
2,703,477
***Amend
Articles of
Association
* 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' or 'Against' a resolution.
*** Indicates a Special Resolution,
The full text of each resolution, along with details of the proxy votes received
by the Company before the AGM in respect of each resolution, will be available
on the company website, www.enquest.com
The Company has today submitted to the National Storage Mechanism copies of the
Resolutions passed at the Annual General Meeting and these will shortly be
available for inspection at www.hemscott.com/nsm.do
ENDS
For further information please contact:
EnQuest PLC
Tel: +44 (0)20 7925 4900
Stefan Ricketts (General Counsel and Company Secretary)
Notes to editors
EnQuest is the largest UK independent producer in the UK North Sea. EnQuest PLC
trades on both the London Stock Exchange and the NASDAQ OMX Stockholm. It is a
constituent of the FTSE 250 index. Its operated assets include the Thistle,
Deveron, Heather, Broom, West Don, Don Southwest, Conrie, Kittiwake, Mallard,
Gadwall, Goosander and Grouse producing fields and the Alma/Galia and Kraken
developments; EnQuest also has an interest in the non-operated Alba producing
oil field. EnQuest had 31 UK production licences at the start of 2014. This
increases to 37 production licences with the inclusion of the assets from the
acquisition of the Greater Kittiwake Area which completed in Q1 2014 and the Don
North East area licence which was offered 'out of round' to EnQuest in Q1 2014;
these licences cover 47 blocks or part blocks in the UKCS, 30 of the licences
are operated by EnQuest.
EnQuest believes that the UKCS represents a significant hydrocarbon basin in a
low risk region, which continues to benefit from an extensive installed
infrastructure base and skilled labour. EnQuest believes that its assets offer
material organic growth opportunities, driven by exploitation of current
infrastructure on the UKCS and the development of low risk near field
opportunities.
EnQuest has begun replicating its existing model in the UKCS by targeting
previously underdeveloped assets in a small number of other maturing regions;
complementing our operations and utilising its skills in the UK North Sea.
Forward looking statements: This announcement may contain certain forward
-looking statements with respect to EnQuest's expectation and plans, strategy,
management's objectives, future performance, production, costs, revenues,
reserves and other trend information. These statements and forecasts involve
risk and uncertainty because they relate to events and depend upon circumstances
that may occur in the future. There are a number of factors which could cause
actual results or developments to differ materially from those expressed or
implied by these forward looking statements and forecasts. The statements have
been made with reference to forecast price changes, economic conditions and the
current regulatory environment. Nothing in this presentation should be construed
as a profit forecast. Past share performance cannot be relied on as a guide to
future performance.
Result of AGM
| Source: EnQuest PLC
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