Result of General Meeting

RNS Number : 1010Q

Soco International PLC

16 October 2019

 

SOCO International plc

("SOCO" or the "Company" or, together with its subsidiaries, the "Group")

Proposed change to registered name to Pharos Energy plc gains shareholder approval

The Board of Directors of SOCO is pleased to announce that the special resolution to change the registered name of SOCO International plc to Pharos Energy plc, proposed at the general meeting held earlier today at 10.00 a.m., Wednesday 16 October 2019 (the "GM"), and as described in more detail in the circular to shareholders dated 27 September 2019, was duly passed at the GM by way of a poll.

The change of name is expected to take effect later today, following the issue of the corresponding certificate of incorporation on change of name by the Registrar of Companies. The Company will make a further announcement when this occurs.   

The Company's registered office address and contact telephone numbers remain the same.

Full details of the poll results are set out below.

Resolution	Votes For	% For	Votes Against	% Against	Total Votes (excluding votes withheld)	% of issued share capital voted	Votes Withheld
That the registered name of the Company be changed to Pharos Energy plc	200,516,484	99.96	72,426	0.04	200,588,910	50.46%	15,453

Notes:

1.      Votes 'For' and 'Against' are expressed as a percentage of the total votes received.

2.     'Votes Withheld' are not a vote in law and have not been counted in the calculation of the 'Votes For' and 'Votes Against' the resolutions or the total number of votes validly cast.

3.      The issued share capital figure used to calculate the percentage voted is [397,515,684]. This is the figure as at close of business on 15 October 2019 and excludes the number of ordinary shares held in treasury at that date.

The total number of SOCO shares in issue as at 6.00 p.m. on Tuesday 15 October, being the latest practicable business day prior to the General Meeting, was 406,637,952 ordinary shares of £0.05, carrying one vote each, including 9,122,268 shares held in treasury. Therefore, the total voting rights in the Company as at 15 October 2019 (excluding voting rights attached to shares held by or on behalf of the Company) are 397,515,684.

A copy of the special resolution passed at the GM has been submitted to the National Storage Mechanism in accordance with Rule 9.6.2 of the Listing Rules and will be available for inspection at www.morningstar.co.uk/uk/NSM.

The voting results will also shortly be available on the Company's existing website at www.socointernational.com

ENQUIRIES:

Pharos Energy plc                                                                                                                                                                                                       Tel: [phone]

Ed Story, President and Chief Executive Officer          

Jann Brown, Managing Director and Chief Financial Officer

Mike Watts, Managing Director

Sharan Dhami, Group Head of Investor Relations

Camarco                                                                                                                                                                                                                            Tel: [phone]

Billy Clegg/ Owen Roberts/Monique Perks

NOTES TO EDITORS

Pharos is an international oil and gas exploration and production company, headquartered in London and listed on the London Stock Exchange. 

The Group has production, development and exploration interests in Egypt and Vietnam.

In Egypt, the Group holds a 100% working interest in the El Fayum oil concession in the Western Desert, one of Egypt's most established and prolific hydrocarbon basins.  The concession produces from 10 fields and is located 80 km south west of Cairo. It is operated by Petrosilah, a 50/50 JV between the Group and Egyptian General Petroleum Corporation.  In Vietnam the Group holds a 30.5% working interest in the Te Giac Trang Field in Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam and a 25% working interest in the Ca Ngu Vang field in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Block 9-2 is located in the shallow water Cuu Long Basin, offshore southern Vietnam. The Group also holds a 70% interest in and is designated operator of Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, offshore central Vietnam.

 

END

 

 

ROMLLFSIIRLRLIA