Result of General Meeting

RNS Number : 7870M

Nostra Terra Oil & Gas Company PLC

13 May 2020

 

13 May 2020

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Result of General Meeting

Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce that of the Resolutions put to shareholders at the Company's General Meeting, held earlier today, Resolution 1 was not passed and Resolutions 2 and 3 were passed.

For further information on the Resolutions, please refer to the Company's circular to shareholders dated 17 April 2020 (the "Circular").

Pursuant to the passing of Resolutions 2 and 3, the Company now has the authority to issue new ordinary shares in connection with any potential future exercise of the Fundraise Warrants (as defined in the Circular).

A poll was taken at the meeting and the results for each Resolution, which overall were in line with the Directors' recommendations (as set out in the Circular), were as follows:

RESOLUTION	NUMBER OF VOTES FOR (including discretionary votes)	%	NUMBER OF VOTES AGAINST (including discretionary votes)	%	TOTAL VOTES CAST	VOTES WITHHELD
ORDINARY RESOLUTIONS
Resolution 1. REMOVE MATTHEW LOFGRAN AS A DIRECTOR	41,696,790	20.68%	159,970,910	79.32%	201,667,700	29,927
Resolution 2. AUTHORITY TO ALLOT SHARES	168,013,748	83.31%	33,657,296	16.69%	201,671,044	26,583
SPECIAL RESOLUTION
Resolution 3. DIS-APPLICATION OF PRE-EMP RIGHTS	168,361,545	83.48%	33,316,846	16.52%	201,678,391	19,236

Any vote that provided the Chairman discretion has been voted in line with the Directors' recommendations.

A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For further information, contact:

Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO	Email:	[phone]
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Rory Murphy / Ritchie Balmer / Jack Botros	Tel:	[phone]
Novum Securities Limited (Joint Broker) Jon Belliss Lionsgate Communications (Public Relations) Jonathan Charles	Tel: Tel:	[phone] [phone]

 

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