Petrel Resources PLC Results of EGM and Issue of New Ordinary Shares (2533U)
November 21 2019 - 7:56AM
UK Regulatory
TIDMPET
RNS Number : 2533U
Petrel Resources PLC
21 November 2019
21(st) November 2019
Petrel Resources plc
("Petrel" or "the Company")
Results of Extraordinary General Meeting ("EGM") and
Issue of New Ordinary Shares
Petrel is pleased to announce that at the EGM held earlier today
the ordinary resolution to approve, on a poll, the waiver under
Rule 9 of the Irish Takeover Rules was passed.
Accordingly 64,035,976 Ordinary Shares of 1.25 cent each ("New
Shares") will be issued to the Tamraz group at the placing price of
1.25 cent each. Following the allotment of the New Shares the
Tamraz group will hold 51% of the Enlarged Issued Share Capital of
the Company.
Application has been made for the New Shares, which will rank
pari passu with the existing Ordinary Shares, to be admitted to
trading on AIM and it is expected that this will take place on or
around 27 November 2019 ("Admission").
Following the Admission of the 64,035,976 New Shares, Petrel
Resources will have 213,382,135 Ordinary Shares in issue which will
also represent the total number of voting rights in the Company.
The above figure should be used by shareholders 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 and Transparency
Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014. The person who arranged
for the release of this announcement on behalf of the Company was
Jim Finn, Secretary.
A copy of this announcement is available on the Company's
website, at http://www.petrelresources.com/ or contact:
END
Enquiries:
Petrel Resources
John Teeling, Chairman +353 (0) 1 833 2833
David Horgan, Director
Nominated Adviser and Broker
Beaumont Cornish - Nominated Adviser
Felicity Geidt
Roland Cornish +44 (0) 020 7628 3396
Novum Securities Limited - Broker
Colin Rowbury +44 (0) 20 399 9400
Blytheweigh - PR +44 (0) 20 7138 3206
Julia Tilley +44 (0) 207 138 3553
Fergus Cowan +44 (0) 207 138 3208
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
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END
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November 21, 2019 08:56 ET (13:56 GMT)
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