TIDMBOIL

RNS Number : 1730V

Baron Oil PLC

12 April 2021

12 April 2021

Baron Oil Plc

("Baron" or the "Company")

Result of General Meeting

Chuditch PSC update

Further to the Company's announcements of 24 March 2021 and 26 March 2021, Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, is pleased to announce that all resolutions were duly passed at its General Meeting held earlier today.

The results of voting on the Resolutions at the General Meeting are set out below.

 
 Resolution      % in favour 
 Resolution 1       94.6% 
                ------------ 
 Resolution 2       94.6% 
                ------------ 
 Resolution 3       94.6% 
                ------------

Chuditch PSC update

SundaGas Banda has entered into the agreement with Spectrum Geo Australia Pty Ltd., a wholly owned subsidiary of TGS-NOPEC Geophysical Company ASA, for the licensing and reprocessing of the 3D seismic data. SundaGas Banda has also received the existing 3D data.

A further announcement will be made once Baron's proposed Earn In to the Chuditch PSC has been completed.

Application for Admission

Application has been made to the London Stock Exchange for the 4,475,000,000 Second Fundraising Shares to be issued pursuant to the Second Fundraising to be admitted to trading on AIM and the date on which Second Admission is expected to become effective is on or around 14 April 2021.

Total Voting Rights

Upon Second Admission, the Company's issued ordinary share capital will consist of 10,426,409,576 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company upon Second Admission will be 10,426,409,576. With effect from Second Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 24 March 2021 unless otherwise defined herein.

For further information, please contact:

 
Baron Oil Plc                                           +44 (0) 20 7117 2849 
Andy Yeo, Chief Executive 
 
Allenby Capital Limited                                 +44 (0) 20 3328 5656 
Nominated Adviser and Joint Broker 
Alex Brearley, Nick Harriss, Nick Athanas (Corporate 
Finance) 
Kelly Gardiner (Sales and Corporate Broking) 
Turner Pope Investments (TPI) Limited                   +44 (0) 20 3657 0050 
Joint Broker 
Andy Thacker, Zoe Alexander

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMGPUMPCUPGGGP

(END) Dow Jones Newswires

April 12, 2021 07:30 ET (11:30 GMT)

Baron Oil (LSE:BOIL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Baron Oil Charts.
Baron Oil (LSE:BOIL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Baron Oil Charts.