NZO
29/10/2013 14:29
MEETING
REL: 1429 HRS New Zealand Oil and Gas Limited
MEETING: NZO: Annual Meeting Results
New Zealand Oil & Gas Annual Meeting results
The outcome of each resolution put to the shareholders of New Zealand Oil &
Gas at its Annual Meeting, held on 29 October 2013 at Wellington, each
resolution having been voted on by way of a poll, is as follows:
Resolution 1: That the Company's Board of Directors be authorised to fix the
auditors' remuneration.
For: 134,727,682
Against: 6,567,590
The resolution was carried.
Resolution 2: That Mr AR Radford be elected as a Director.
For: 37,679,493
Against: 85,154,075
The resolution was not carried.
Resolution 3: That Mr D Scoffham be elected as a Director. For: 74,753,882
Against: 59,674,702
The resolution was carried.
Resolution 4: That Mr R Ritchie be elected as a Director. For:107,880,208
Against: 20,148,773
The resolution was carried.
Mr D Scoffham and Mr R Ritchie, being the highest polling candidates, who
received a simple majority vote in favour of their appointment, were elected.
The results of shareholder motions considered at the meeting were as follows:
1. That the Company investigates and reports to shareholders on paying the
reparation order of $3,410,000 handed down by Judge J A Farish in the
District Court at Greymouth in her judgment dated 5 July 2013, to be paid to
the 29 men that died and the two survivors at the Pike River Mine or as
determined by the final award of the Court.
For: 260,562
Against: 134,937,877
The motion was not carried.
2. That the shareholders express their dissatisfaction with the way in which
the directors managed the Company's investment in Pike River Coal Ltd and the
Company's response after the explosion in November 2010.
For: 333,289
Against: 134,792,690
The motion was not carried.
3. That the Company sets aside an amount of $250,000 to facilitate an
independent report and recommendations (to be prepared by New Zealand Council
of Trade Unions or their nominee) into the cessation of "contracting out" and
giving best practice recommendations to ensure workforce safety on the sites
of all investments made by the Company, with the report to be made available
to shareholder on or before 30 June 2014 with the directors' advice as to how
they intend to implement it.
For: 98,109
Against: 135,056,553
The motion was not carried.
Ends
John Pagani
External Relations Manager
M: +64 21 570 872
End CA:00243000 For:NZO Type:MEETING Time:2013-10-29 14:29:56
