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TXO PLC (TXO)

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Thursday 19 March, 2015

TXO PLC

Result of General Meeting

RNS Number : 9217H
TXO PLC
19 March 2015
 

 

TXO PLC

("TXO" or the "Company")

 

Result of General Meeting

 

TXO PLC, the AIM-quoted energy resource and clean technology investment company, announces that at the General Meeting of the Company held earlier today all resolutions were duly passed.

 

As a result, the Company's 1,468,113,722 existing ordinary shares of 0.1p each ("Existing Ordinary Shares") have been consolidated and then sub-divided into 1,468,113 new ordinary shares of 10p ("New Ordinary Shares"). 

 

Shareholders will own the same proportion of the issued ordinary share capital as they did before the consolidation and sub-division (subject to fractional entitlements).

 

98.01% of votes cast were in favour.

 

 

 

19th March 2014

 

For further information, please contact:

 

 

TXO PLC
Tim Baldwin, Chairman and CEO

 

+44 (0) 207 518 4300



Lothbury Financial Services Limited
Michael Padley / Chris Roberts

+44 (0) 203 440 7620

 

 

 

Editors' Note

TXO PLC, the AIM quoted oil and gas investment company, has four main investments namely: The Grand Bahama Group Limited ("GBG") which is establishing a waste oil collection facility and Hydrocarbon Recovery Plant in the Bahamas at Freeport and also produces oil from its leases in Western Kentucky, USA; Oil Recovery Services Limited ("ORS"), which has proprietary technology for the reprocessing of contaminated oils and the remediation of dirty water; Oil Tech Royalties Inc ("OTR"), a joint venture company with a licence to commercialise a proprietary acoustic flow reactor valve; Athabasca Resources Limited ("Athabasca Resources") which has signed an agreement to acquire a 50 per cent. farm-in interest in certain Alberta Crown Leases covering 7,936 hectares in the Athabasca oil sands in Alberta, Canada.  TXO also has an interest in Tasmania Oil and Gas Limited ("TOG") a joint venture company set-up to exploit a gas and oil opportunity in Tasmania, Australia, which is non-core.

TXO currently holds a 35.67 per cent. interest in GBG, a 25.1 per cent. interest in ORS, a 30 per cent. interest in OTR  and an 18.8 per cent. interest in Athabasca Resources. It retains a 25 per cent. interest in TOG.                                                                                            

 

Ends


This information is provided by RNS
The company news service from the London Stock Exchange
 
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