Result of General Meeting

RNS Number : 8675M

BowLeven Plc

21 July 2014

 

21 July 2014

Bowleven plc ("Bowleven" or the "Company")

Result OF General Meeting

Bowleven plc held a General Meeting (GM) on Monday 21 July 2014.

The Company is pleased to announce that the resolution proposed at the GM was unanimously passed on a show of hands at the meeting. 

Proxies were received by the Company from shareholders prior to the meeting, 99.5% of which instructed the Chairman to vote in favour of the resolution or gave the Chairman discretion to do so. A summary of the proxy votes received will be displayed on the Company's website.

Kevin Hart, Chief Executive of Bowleven plc, said: 

"I am pleased that shareholders have expressed near unanimous support of the transaction. The deal will facilitate the progression and potential expansion of Etinde development plans enabling the acceleration of appraisal drilling on the Intra Isongo with the possibility to generate increased value for shareholders more quickly. In addition, the transaction strengthens the Group's balance sheet and provides financing flexibility to progress our exploration/appraisal portfolio."

ENQUIRIES

For further information please contact:

Bowleven plc

Kevin Hart, Chief Executive                                  00 44 131 524 5678

Peter Wilson, Company Secretary

Brunswick Group LLP

Patrick Handley                                                     00 44 207 404 5959

Simon Maine

Bank of America Merrill Lynch (NOMAD)                                            

Tony White                                                            00 44 207 628 1000

Derek Ross                                                           

 

END

 

 

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