Rose Petroleum PLC Result of GM, ISIN change and total voting rights (0400R)
September 18 2017 - 5:31AM
UK Regulatory
TIDMROSE
RNS Number : 0400R
Rose Petroleum PLC
18 September 2017
18 September 2017
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Result of General Meeting, change of ISIN and change to total
voting rights
Rose (AIM: ROSE), the AIM quoted natural resources business, is
pleased to announce that at its General Meeting held earlier today,
all resolutions were duly passed.
Accordingly, shareholder approval has been given for the sale of
the Company's mineral processing mill operation in San Dieguito de
Arriba, Mexico and its associated assets, licenses and agreements
(together, the "SDA Mill") to Magellan Gold Corporation (the
"Disposal"). The Disposal remains subject to a number of closing
conditions including, in addition to usual completion actions, the
completion of due diligence, Magellan Gold Corporation completing
an audit of the SDA Mill's financial statements, and the
finalisation of the Mexican corporate restructuring to facilitate
the Disposal. On the current schedule, the Disposal is expected to
complete before the end of October 2017.
In addition, following the passing of the resolutions at the
General Meeting, the Capital Reorganisation will take effect later
today so that every 100 existing ordinary shares of 0.1p each will
be consolidated and sub-divided into one new ordinary share of 0.1p
each ("New Ordinary Share") and one new deferred share of 9.9p each
("New Deferred Shares"). Details of the Capital Reorganisation and
the effect on shareholders were set out in the announcement and
circular sent to shareholders on 1 September 2017.
Following the Capital Reorganisation and with effect from
tomorrow, the Company's ISIN for its ordinary shares of 0.1p will
change to GB00BF44KY60 and the SEDOL will change to BF44KY6.
Shareholders who hold Existing Ordinary Shares in uncertificated
form will have their CREST accounts credited with the New Ordinary
Shares on 19 September 2017. Existing share certificates will cease
to be valid and new share certificates will be despatched to those
shareholders who hold their shares in certificated form on or
around 3 October 2017. No share certificates will be issued in
respect of the New Deferred Shares.
Total Voting Rights
With effect from tomorrow, the Company's issued ordinary share
capital will comprise 37,644,709 ordinary shares of 0.1p each, with
one voting right each. The Company does not hold any shares in
treasury. This figure of 37,644,709 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 in their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement have the meaning as set
out in the announcement of 1 September 2017 and as in the circular
of the same date, unless otherwise stated.
Enquiries:
Rose Petroleum Tel: +44 (0)
plc 20 7225 4595
Matthew Idiens (CEO) Tel: +44 (0)
Chris Eadie (CFO) 20 7225 4599
Jeremy Porter / James Allenby Capital Tel: +44 (0)
Reeve / Liz Kirchner Limited 20 3328 5656
James Pope / Ben Turner Pope Tel: +44 (0)20
Turner Investments 3621 4120
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 18, 2017 06:31 ET (10:31 GMT)
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