Result of EGM and Return of C

RNS Number : 5426M

Westmount Energy Limited

30 January 2009

 



Westmount Energy Limited

('Westmount' or the 'Company')

30 January 2009 

Result of EGM and Return of Capital  

At the Extraordinary General Meeting of Westmount Energy Limited ('Westmount') held in Jersey today, the shareholders approved the proposed return of capital to shareholders. 

As set out in the Circular to Shareholders dated 19 December 2008, all enabling resolutions were duly passed. Capital of the equivalent of 65 pence per Ordinary Share (in aggregate approximately GBP4,500,000) will be returned to shareholders. 

The agreed return of 65 pence per B share is expected to be completed on 6 February 2009. 

Commenting on the Return of Capital Mr Mervyn Bradlow, Chairman, stated: 

'I am pleased that Westmount has completed another major step in its stated plans to return value to shareholders. The board will continue to monitor the Company's remaining investments to ensure they continue to be attractive to shareholders'. 

Contacts:

Paul R. Anderson,

Westmount Energy Limited Tel: [phone]

Gavin J. Burnell,

Brett L. Miller,

Ruegg & Co. Limited           Tel: [phone]

 

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