Update on Natlata EGM Requisition

RNS Number : 7500R

Petroneft Resources PLC

10 March 2016

 

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Update on Natlata EGM Requisition

PetroNeft announces that it has notified Natlata Partners Limited ("Natlata") of its intention to proceed to convene the requisitioned Extraordinary General Meeting on or before 18 April 2016. The necessary documents will be circulated to shareholders in due course.

PetroNeft has met with representatives of Natlata on several occasions since the EGM proposal was made with a view to reaching an arrangement that is in the interests of PetroNeft and its shareholders as a whole. To date a compromise has not been reached but the Board of PetroNeft remains open to continuing these discussions.

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 Heron / Douglas Keatinge, Murray Consultants	[phone]

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