Result of EGM

RNS Number : 1913W

Petroneft Resources PLC

15 November 2010

 

PetroNeft Resources plc ("PetroNeft" or the "Company")

Result of Extraordinary General Meeting

The board of PetroNeft is pleased to announce that the resolutions proposed to shareholders at the Company's extraordinary general meeting held in Dublin today were duly passed. 

As a result, the placing announced on 19 October 2010, raising approximately US$43 million, has now been completed, subject only to admission of the Second Tranche Shares to trading on AIM and ESM.  Application has been made to the London Stock Exchange and the Irish Stock Exchange for the Second Tranche Shares, consisting of 28,729,950 ordinary shares, to be admitted to trading on AIM and ESM respectively.  Admission of such ordinary shares is expected to occur on Tuesday 16 November 2010.

Terms defined in the circular posted to Petroneft Shareholders on 22 October 2010 have the same meaning in this announcement, unless the context requires otherwise.

Contacts

Dennis Francis, CEO, PetroNeft Resources plc	[phone]
Paul Dowling, CFO, PetroNeft Resources plc	[phone]

 

END

 

 

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