PERTH, Australia--(BUSINESS WIRE)--Pursuant to ASX Listing Rule 3.13.2, Samson Oil & Gas Limited advises on the outcome of voting on the resolutions put to shareholders at the Annual General Meeting held on 29 October 2015.
Details of the voting in regard to the resolutions (together with the information required to be given by Section 251AA of the Corporations Act) was as follows:
Resolution 1 – Re - Election of Keith Skipper as a Director
Proxy votes were as follows:
Votes of proxies directed to vote for the resolution | : | 166,602,898 | ||||
Votes of proxies directed to vote against the resolution | : | 311,309,767 | ||||
Votes of proxies directed to abstain on the resolution | : | 5,313,739 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Resolution 1 was defeated on a Poll. Votes were as follows:
Votes of proxies directed to vote for the resolution | : | 166,602,898 | ||||
Votes of proxies directed to vote against the resolution | : | 311,579,767 | ||||
Votes of proxies directed to abstain on the resolution | : | 5,313,739 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Resolution 2 – Adoption of Remuneration Report
Proxy votes were as follows:
Votes of proxies directed to vote for the resolution | : | 136,851,573 | ||||
Votes of proxies directed to vote against the resolution | : | 318,267,011 | ||||
Votes of proxies directed to abstain on the resolution | : | 28,107,820 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Resolution 2 was defeated on a Poll. Votes were as follows:
Votes of proxies directed to vote for the resolution | : | 136,851,573 | ||||
Votes of proxies directed to vote against the resolution | : | 318,537,011 | ||||
Votes of proxies directed to abstain on the resolution | : | 28,107,820 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Resolution 3 – Spill Resolution
Proxy votes were as follows:
Votes of proxies directed to vote for the resolution | : | 345,287,088 | ||||
Votes of proxies directed to vote against the resolution | : | 127,633,115 | ||||
Votes of proxies directed to abstain on the resolution | : | 10,306,201 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Resolution 3 was passed by a poll. Votes were as follows:
Votes of proxies directed to vote for the resolution | : | 345,447,088 | ||||
Votes of proxies directed to vote against the resolution | : | 127,633,115 | ||||
Votes of proxies directed to abstain on the resolution | : | 10,416,201 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Resolution 4 – Advisory vote on named executive officer compensation
Proxy votes were as follows:
Votes of proxies directed to vote for the resolution | : | 122,742,350 | ||||
Votes of proxies directed to vote against the resolution | : | 338,136,766 | ||||
Votes of proxies directed to abstain on the resolution | : | 22,347,288 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Resolution 4 was defeated by a poll. Votes were as follows:
Votes of proxies directed to vote for the resolution | : | 122,742,350 | ||||
Votes of proxies directed to vote against the resolution | : | 338,406,766 | ||||
Votes of proxies directed to abstain on the resolution | : | 22,347,288 | ||||
Votes of proxies able to vote at the proxies' discretion | : | - | ||||
Voting at the Annual General Meeting resulted in a second strike against the Company’s Remuneration Report and the resulting Spill Resolution was passed. Accordingly, Directors wish to advise that pursuant to Section 250V of the Corporations Act a Spill Meeting will be convened within 90 days. Details of the Spill Meeting will be advised as soon as practicable.
For and on behalf of the Board of Directors of
SAMSON OIL & GAS
LIMITED
DENIS RAKICH
Company Secretary