Rose Petroleum PLC Result of general meeting and Total Voting Rights (7320O)
May 21 2018 - 5:28AM
UK Regulatory
TIDMROSE
RNS Number : 7320O
Rose Petroleum PLC
21 May 2018
21 May 2018
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Result of general meeting and Total Voting Rights
Rose Petroleum plc (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, pursuant to the Placing announced on 2 May 2018,
the Second Placing Shares are expected to be admitted to trading on
AIM tomorrow, 22 May 2018 ("Admission"), to complete the
Placing.
Total Voting Rights
With effect from Admission, the Company's total issued Ordinary
Share capital will consist of 143,413,940 Ordinary Shares, with one
voting right per share. The Company does not hold any shares in
treasury. Therefore, the total number of Ordinary Shares and voting
rights in the Company will be 143,413,940 from 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 in their
interest in, the share capital of the Company pursuant to the FCA's
Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement have the same meaning as
in the Company's announcement on 2 May 2018, unless the context
requires otherwise.
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
Andy Thacker Turner Pope Tel: +44 (0)20
Investments 3621 4120
Media enquiries:
Allerton Communications Tel: +44 (0) 20 3633
1730
Peter Curtain peter.curtain@allertoncomms.co.uk
-------------- ------------------------ -----------------------------------
Notes to editors
Rose Petroleum plc (http://rosepetroleum.com) is a North
America-focused oil and gas company whose primary asset is
approximately 80,000 acres in the oil and gas producing Paradox
Basin in Utah, U.S.A., where it is earning into a 75% working
interest. Using high-quality data gathered in a 3D seismic survey
completed in October 2017, the Company has identified drilling
locations in naturally fractured areas of the Paradox clastics
formation with the intention of commencing a drilling programme in
H2 2018, once necessary permits and funding have been secured.
The Company's established management is supported by an expert
technical team with extensive experience of the basin, where
current operations nearby have proven successful, with significant
initial production rates and low decline rates, offering strong
economics even in the present oil price environment.
The Company's strategy is to grow both organically and through
acquisition, identifying additional hydrocarbon assets,
conventional or unconventional, that would benefit from the
Company's fast-acting, entrepreneurial approach.
Rose Petroleum has been quoted on AIM since June 2004.
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.
END
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