Result of AGM

RNS Number : 6803H

TomCo Energy PLC

09 June 2017

 

9 June 2017

TomCo Energy plc (AIM: TOM)

("TomCo" or the "Company")

Result of AGM and Share Consolidation and Sub-division

TomCo Energy plc announces that, at the Annual General Meeting of the Company held earlier today, all Resolutions were duly passed.

Accordingly, as announced on 17 May 2017 and set out in the Notice of Annual General Meeting ("Notice of AGM"), the Consolidation, whereby every 25,000 Existing Ordinary Shares will be consolidated into one Consolidated Ordinary Share, and the subsequent Sub-division, whereby, following the Consolidation and Repurchase, every 1 Consolidated Ordinary Share will be sub-divided into 200 New Ordinary Shares, will take effect following the Record Date, being the close of business today.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission and dealings are expected to commence at 8.00 a.m. on 12 June 2017 under the SEDOL code BZBXMN9 and ISIN code IM00BZBXMN96.  The Company's TIDM remains unchanged: TOM.

The Company will make a further announcement at 7.00 a.m. on 12 June 2017 confirming the number of New Ordinary Shares to be issued and the resulting total voting rights following Admission.

As detailed in the announcement of 17 May 2017 and the Notice of AGM, the Company will not allocate fractions of Consolidated Ordinary Shares that are created pursuant to the Consolidation and fractions will be aggregated and purchased by the Company.  All Consolidated Ordinary Shares (and fractions thereof) purchased by the Company will be automatically cancelled and the net proceeds, subject to being greater than £5.00, will be paid to each relevant Shareholder as applicable.  Accordingly, following the Consolidation and Sub-division, Shareholders who hold fewer than 25,000 Existing Ordinary Shares on the Record Date will cease to be a shareholder in the Company and will not be entitled to any Consolidated Ordinary Shares under the Consolidation and consequently will not be entitled to receive any New Ordinary Shares following the Sub-division.

Capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Notice of AGM dated 17 May 2017, unless the context requires otherwise.

Enquiries:

For further information, please visit www.tomcoenergy.uk.com or contact:

TomCo Energy plc

Contact:                                             

Telephone:                                          [phone]

Chris Brown (CEO)                            [e-mail]

Andrew Jones (Chairman)                  [e-mail]

Strand Hanson                                  (Nominated Adviser)

Contact:                                 

James Harris / Richard Tulloch          [phone]

SVS Securities plc                            (Broker)

Contact:

Tom Curran / Ben Tadd                      [phone]

Tavistock Communications             (Financial PR)

Contact:

Jos Simson/Niall Walsh                      [phone]

                                                            [e-mail] 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

- ENDS-

 

END

 

 

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