Result of EGM (6145N)
September 05 2011 - 5:00AM
UK Regulatory
TIDMCEL
RNS Number : 6145N
Caparo Energy Ltd
05 September 2011
Caparo Energy Limited
("Caparo Energy" or the "Company")
Result of EGM
Caparo Energy announces that at the Extraordinary General
Meeting ("EGM") of the Company held earlier today, all Resolutions,
as set out in the notice of EGM sent to shareholders on 10 August
2011, were duly passed.
Change of name of the Company
As the Company announced on 10 August 2011, and in light of the
Company's ongoing transformative growth, its identity has evolved
and the Board now considers it appropriate to change the name of
the Company to Mytrah Energy Limited. Following the approval of the
resolution today this change is expected to become effective on
Wednesday 7(th) September and trading of the shares under this name
are expected to commence at 8.00am under AIM ticker MYT.
Authority to issue shares and to disapply pre-emption rights
In addition, following the passing of the Resolutions, the
Company is now authorised to issue Ordinary Shares on a non
pre-emptive basis by dis-applying the pre-emption rights under the
Company's Articles of Incorporation. The Board believes that the
ability to issue new Ordinary Shares on a non pre-emptive basis is
in the best interests of the Company as this affords considerable
flexibility and a significant reduction in time and costs in
effecting fundraisings.
Following the passing of the Resolutions the Board now intends
to investigate the most appropriate method of implementing the
Company's strategy, to the benefit of the Company and Shareholders
as a whole.
Further information on the Company can be found at
www.caparoenergy.com.
- Ends -
For further information please contact:
Caparo Energy Limited
Ravi Kailas, Chairman and Chief Executive
Officer +91 40 4396 0000
Strand Hanson Limited
Angela Peace / Paul Cocker / James Harris +44 (0) 20 7409 3494
Mirabaud Securities LLP
Peter Krens / Rory Scott +44 (0) 20 7878 3360
Pelham Bell Pottinger
Charles Vivian / Philippe Polman +44 (0) 20 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
END
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