The outcome in relation to each resolution, put to shareholders of New Zealand Oil & Gas Ltd at its Annual Meeting held on 29 October 2008 at Wellington, was as follows:
Resolution 1: That the proposed new Constitution tabled at the meeting, and signed by the Chairman of the meeting for the purpose of identification, be and is hereby adopted as the Constitution of the Company, in substitution for the present Constitution of the Company.
The resolution was carried, following a poll, as a special resolution requiring at least 75% in favour.
The result of the voting was:
For 91,510,937
Against 17,940,674
Abstain 3,776,227
Resolution 2: That the Company's Board of Directors be authorised to fix the auditors' remuneration.
The resolution was carried, following a poll, as an ordinary resolution.
The result of the voting was:
For 108,898,843
Against 1,853,371
Abstain 2,475,624
Resolution 3: That Prof R F Meyer be re-elected as a Director.
The resolution was c carried, following a poll, as an ordinary resolution.
The result of the voting was:
For 75,379,999
Against 28,401,260
Abstain 8,761,579
Resolution 4: That Mr S J Rawson be re-elected as a Director.
The resolution was carried, following a poll, as an ordinary resolution.
The result of the voting was:
For 97,067,086
Against 3,955,916
Abstain 8,473,737
Resolution 5: That Mr A T N Knight be re-elected as a Director.
The resolution was carried, following a poll, as an ordinary resolution.
The result of the voting was:
For 92,506,268
Against 8,417,728
Abstain 8,572,743
Resolution 6: That Directors' fees be increased to a maximum of $600,000 per annum being the combined aggregate for all non-executive Directors.
The resolution was carried, following a poll, as an ordinary resolution.
The result of the voting was:
For 70,512,908
Against 29,989,911
Abstain 9,011,783
Resolution 7: That the Board is authorised to issue during the period of 12 months following the date of this resolution up to 150,000 partly paid shares in the Company to Mr Andrew Knight, being a non-executive Director, such issue to occur as a result of the acceptance of an offer of such shares to Mr Knight in accordance with the terms of the Company's Employee Share Ownership Plan.
The resolution was carried, following a poll, as an ordinary resolution.
The result of the voting was:
For 68,018,884
Against 31,445,203
Abstain 10,020,515
Resolution 8: That the Board is authorised at its discretion to issue during the period of 12 months following the date of this resolution up to 250,000 partly paid shares in the Company to the Company's Managing Director and Chief Executive Officer Mr David Salisbury, such issue to occur as a result of the acceptance of an offer of such shares to Mr Salisbury in accordance with the terms of the Company's Employee Share Ownership Plan following a determination (if any) by the Company's Executive Appointments and Remuneration Committee that such an offer be made.
The resolution was carried, following a poll, as an ordinary resolution.
The result of the voting was:
For 85,442,589
Against 14,972,088
Abstain 9,069,925
Independent Directors
In accordance with NZX Listing Rule 3.3.1B (a) the following directors were identified at the Annual Meeting as Independent Directors:, Mr P G Foley, Mr A T N Knight, Prof R F Meyer, Mr S J Rawson and Mr D R Scoffham.
ENDS.
Annual Meeting Results [29kB]
