Heritage Oil Plc

Heritage Oil Plc

June 20, 2013 13:15 ET

Heritage Oil Announces the Results of the Annual General Meeting

LONDON, UNITED KINGDOM--(Marketwired - June 20, 2013) -


Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces that at its Annual General Meeting ("AGM"), held today, all resolutions put to Shareholders were duly passed.

Set out below are the voting results in respect of the resolutions proposed at the meeting. The number of ordinary shares and exchangeable shares carrying a vote in Heritage in issue at the time of the AGM was 257,956,996.

For Against Withheld
Description Votes % Votes Cast Votes Votes
Resolution 1 166,538,757 99.98 31,652 2,594,102
Resolution 2 142,090,948 84.02 27,030,402 43,161
Resolution 3 167,792,689 99.22 1,322,482 49,341
Resolution 4 168,417,351 99.59 685,319 49,341
Resolution 5 154,079,289 91.67 14,006,589 1,078,633
Resolution 6 166,950,593 98.69 2,231,418 500
Resolution 7 169,007,348 99.91 157,163 0
Resolution 8 164,047,310 96.98 5,116,701 500
Resolution 9 154,798,136 91.80 13,828,396 537,979
Resolution 10 161,428,812 95.48 7,644,358 91,341
Resolution 11 164,080,627 96.99 5,083,679 205
Resolution 12 169,027,232 99.94 95,074 42,205
Resolution 13 56,389,433 67.34 27,342,824 504,158
Resolution 14 169,141,947 100.00 7,429 2,379
Resolution 15 117,513,659 69.47 51,635,467 2,629
Resolution 16 169,128,793 99.99 21,353 1,609
Resolution 17 162,269,475 96.44 5,988,490 893,790

The full text of the resolutions is contained in the notice of the AGM.

A 'Vote Withheld' is not a vote in law and is not counted in the calculation of the percentage of votes cast.

Notes to Editors

  • Heritage is listed on the Main Market of the London Stock Exchange. The trading symbol is HOIL. Heritage has a further listing on the Toronto Stock Exchange (TSX:HOC).
  • Heritage is an independent upstream exploration and production company engaged in the exploration for, and the development, production and acquisition of, oil and gas internationally.
  • Heritage has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.
  • All dollars are US$ unless otherwise stated.

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Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding production estimates and future plans and objectives of Heritage - constitute forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves and recoveries; production and operating cost assumptions; development risks and costs; the risk of commodity price fluctuations; political and regulatory risks; and other risks and uncertainties as disclosed under the heading "Risk Factors" in its Prospectus dated 6 August 2012, as supplemented by a supplementary prospectus dated 23 August 2012, and elsewhere in Heritage documents filed from time-to-time with the London Stock Exchange and other regulatory authorities. Further, any forward-looking information is made only as of a certain date and the Company undertakes no obligation to update any forward-looking information or statements to reflect events or circumstances after the date on which such statement is made or reflect the occurrence of unanticipated events, except as may be required by applicable securities laws. New factors emerge from time to time, and it is not possible for management of the Company to predict all of these factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information.

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