Notice of General Meeting

RNS Number : 4092K

Oracle Coalfields PLC

30 July 2013

 



30 July 2013

Oracle Coalfields PLC

("Oracle" or the "Company")

Notice of General Meeting

Oracle Coalfields PLC (AIM:ORCP), the coal developer of a lignite mineral property in the south-eastern part of Sindh Province, Pakistan, today announces that it will be holding a General Meeting ('Meeting') on Monday 19 August at 2:30 pm at 22 Hanover Square, Mayfair, London W1S 1JP to consider and if thought fit, to pass the following resolution which will be proposed as a special resolution:

That, the directors of the Company be and are hereby empowered pursuant to section 570 of the Companies Act 2006 (the "Act") to allot equity securities (within the meaning of section 560 of the Act) pursuant to the authority conferred by resolution 6 passed at the Annual General Meeting of the Company held on 22 May 2013, as if section 561 of the Act did not apply to any such allotment, provided that the power conferred by this resolution shall be limited to:

(a)          the allotment of equity securities for cash in connection with an issue or offer of equity securities (including, without limitation, under a rights issue, open offer or similar arrangement) to holders of equity securities in proportion (as nearly as may be practicable) to their respective holdings of equity securities subject only to such exclusions or other arrangements as the directors of the Company may consider necessary or expedient to deal with fractional entitlements or legal or practical problems under the laws of any territory, or the requirements of any regulatory body or stock exchange in any territory; and

(b)          the allotment (otherwise than pursuant to paragraph (a) above) of equity securities for cash up to an aggregate nominal value of £200,000. The power conferred by this resolution shall expire (unless previously renewed, revoked or varied by the Company in general meeting), at the conclusion of the next annual general meeting of the Company, except that the Company may at any time before such expiry make any offer or agreement which would or might require equity securities to be allotted after such expiry and the directors of the Company may allot equity securities in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.

A letter from the Company's Chairman has today been posted to shareholders along with the Notice of General Meeting which is available from the Company's website: http://www.oraclecoalfields.com/

ENDS

For further information:

Oracle Coalfields PLC     Shahrukh Khan  Blythe Weigh Communications Tim Blythe Halimah Hussain Eleanor Parry     Peterhouse Corporate Finance Limited Charles Goodfellow    Duncan Vasey Grant Thornton UK LLP Salmaan Khawaja David Hignell

[phone] [phone] [phone] [phone] [phone] [phone] [phone] [phone]

 

END

 

 

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