Result of Meeting

RNS Number : 8611R

Obtala Resources PLC

31 August 2010

 



Obtala Resources Plc

("OBT" or "the Company")

Results of Meetings

Further to the announcement made on 6 August 2010, the Board of Obtala Resources PLC ('Old Obtala') announces that, at the Court Meeting and General Meeting of Old Obtala Shareholders held earlier today, all resolutions were duly passed.

As previously notified, Old Obtala intends to change its corporate structure by putting in place a new Guernsey incorporated holding company, Obtala Resources Limited ('New Obtala') to be implemented via a scheme of arrangement under sections 895 to 899 of the Companies Act 2006 ('the Scheme'). The hearing of the High Court to sanction, inter alia, the Scheme is expected to be held on 16 September 2010 and dealings in the New Obtala shares are expected to commence on the AIM market on 17 September 2010.

Defined terms in this announcement have the same meaning as in the Scheme Circular and the Appendix to AIM Announcement.

Obtala Resources plc Simon Rollason - Managing Director Frank Scolaro - Chairman www.obtalaresources.co.uk	[phone]
ZAI Corporate Finance Ltd
Marc Cramsie/ Sarang Shah	[phone]
Threadneedle Communications
Laurence Read	[phone]

 

END

 

 

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