Green Dragon Gas Ltd Result of AGM (9609Z)
December 20 2017 - 7:19AM
UK Regulatory
TIDMGDG
RNS Number : 9609Z
Green Dragon Gas Ltd
20 December 2017
20 December 2017
GREEN DRAGON GAS LTD
("Green Dragon Gas", "GDG" or the "Company")
Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent
companies involved in the production and sale of coal bed methane
("CBM") gas in China, is pleased to announce that all resolutions
were duly passed at its Annual General Meeting ("AGM") held on
Wednesday, 20 December 2017.
As per the Notice of AGM announced on 6 December 2017, and
approved by shareholder vote at the AGM, GDG plans to list the
Company's producing assets, within the GSS Production Sharing
Contracts (60% interest in GSS Block, and 47% interest in GCZ
Block) onto the Hong Kong Stock Exchange as a dividend in specie.
GDG's remaining exploration and development assets will continue to
be listed on the LSE Main Market. The London listed entity will
undergo a name change and rebranding to G3 Exploration Limited,
which will be effective at the start of 2018.
A copy of the presentation delivered at the Annual General
Meeting will be available on the Company's website later today at
www.greendragongas.com.
- Ends -
For further information on the Company and its activities,
please refer to the website at www.greendragongas.com or
contact:
FTI Consulting
Edward Westropp / Kim Camilleri / Elizabeth Burnham / Toby
Chidavaenzi
Tel: +44 20 3727 1000
About Green Dragon Gas Ltd
Green Dragon Gas is a leading independent gas producer with
operations in China and is listed on the main market of the London
Stock Exchange (LSE: GDG). The Company has 559 Bcf of 2P reserves
and 2,386 BCF of 3P reserves across eight production blocks
covering over 7,566 km(2) of license area in the Shanxi, Jiangxi,
Anhui and Guizhou provinces. It holds six Production Sharing
Agreements with strong, highly capitalised Chinese partners
including CUCBM (CNOOC), CNPC and PetroChina, and has
infrastructure in place to support multiple routes to monetise gas
production.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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