In accordance with ASX Listing Rule 3.17A, set out below is the wording of a proposed resolution that has been requisitioned by 141 shareholders of Origin Energy Limited (Origin) under section 249N of the Corporations Act for consideration at the Company’s Annual General Meeting to be held on 21 October 2015. The requisitioning shareholders represent approximately 0.016% per cent of the Company’s shares on issue.
"Special resolution to amend the constitution:
That, at the end of Clause 8.3 ‘Notice of general meetings’ the following new sub-clause 8.3(e) is inserted: "Each year from 2016, at reasonable cost and omitting any proprietary information, routine annual reporting will include further information about ongoing power generation and supply chain emissions management, generation portfolio resilience to the International Energy Agency’s (IEA’s) scenarios; relevant strategic key performance indicators (KPI’s) and executive incentives; and our public policy positions relating to climate change."
The ASX Listing Rules require Origin to lodge this notice within two business days of receipt of the requisition.
Origin respects the right of shareholders to requisition a resolution which seeks to amend the Company’s constitution.
Origin’s Notice of Annual General Meeting will be published in September and will include the Board’s recommendation on each resolution to be considered at the meeting.
About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&P/ASX 20 Index, the Company has approximately 6,900 employees and is a leading producer of gas in eastern Australia. Origin is Australia’s largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has one of the country’s largest and most flexible generation portfolios with approximately 6,000 MW of capacity, through either owned generation or contracted rights.
Origin’s strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia’s largest CSG to LNG projects based on Australia’s largest 2P CSG reserves base.
Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.
For more information go to www.originenergy.com.au