EGM Update

RNS Number : 9524B

Gulfsands Petroleum PLC

12 January 2015

 



Gulfsands Petroleum Plc

EGM Update

In advance of the General Meeting of Gulfsands Petroleum Plc ("Gulfsands" or the "Company") to be held at 10 am tomorrow, Tuesday 13 January 2015 ("Meeting"), the Directors of the Company have received a legal opinion, to the effect that the 7 million ordinary shares owned by Al-Mashrek Global Invest Limited ("the AM Shares") should be permitted to be voted at the Meeting.

This advice is contrary to the position which the Company has hitherto adopted with respect to the voting rights of the AM Shares, in light of the Syrian Sanctions.

Notice of the Meeting was posted to all shareholders in the ordinary course.

Accordingly, if the AM Shares are voted at the Meeting, the votes so cast will be counted for purposes of determining the outcome of the Resolutions before the Meeting.

For further information on the matters referred to in this announcement, please refer to the Company's website www.gulfsands.com

Gulfsands Petroleum	[phone]
Andrew West, Non-Executive Chairman Mahdi Sajjad, Chief ExecutiveOfficer Kenneth Judge, Commercial Director
Buchanan	[phone]
Bobby Morse Ben Romney
RBC Capital Markets	[phone]
Matthew Coakes Daniel Conti Jakub Brogowski
FirstEnergy Capital	[phone]
Jonathan Wright

 

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