Annual General Meeting

RNS Number : 5654Z

Petroneft Resources PLC

18 September 2015

 

18 September 2015

PetroNeft Resources plc

("PetroNeft" or the "Company")

Annual General Meeting

The 2015 Annual General Meeting of the Company was held in Dublin earlier today. Resolutions 1, 2, 4, 7 and 8 were duly approved by shareholders by way of show of hands.

With the agreement of the meeting resolution 3 was withdrawn due to the retirement of Mr. Sobraliev as announced earlier today.

Resolutions 5 and 6 relate to the Boards ability to allot shares and to disapply pre-emption rights in certain limited circumstances. Both were proposed as special resolutions which require approval of shareholders representing not less than 75% of votes cast. While both resolutions 5 and 6 were approved by shareholders by way of show of hands, the Chairman advised the meeting that because of the number of proxies received the resolutions would not achieve a sufficient majority if a poll was called. With the agreement of the meeting the Chairman declared that resolutions 5 and 6 were not carried without the need for a formal poll.

A new shareholder presentation has been uploaded to the Company website at: www.petroneft.com/investor-relations/presentations/ 

For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc	[phone]
Paul Dowling, CFO, PetroNeft Resources plc	[phone]
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)	[phone]
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)	[phone]
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson	[phone]
Joe Murray/Joe Heron, Murray Consultants	[phone]

 

END

 

 

RAGUWRSRVWAKAAR