Result of General Meeting

RNS Number : 7690U

Oxford Catalysts Group PLC

03 January 2013

 

3^rd January 2013

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group" or "the Company")

Result of General Meeting and Total Voting Rights - £30.6 million Placing Approved

Oxford Catalysts Group PLC (OCG.L), the modular Gas-to-Liquids technology innovator, is pleased to announce that all resolutions put to Shareholders at today's General Meeting were duly passed and that the 24,479,300 new Ordinary Shares being issued pursuant to the £30.6 million Placing, announced on 11 December 2012, have been allotted to institutional and other investors. Accordingly, it is expected that dealings in these new Ordinary Shares will commence at 8 a.m. on 4 January 2013.

The total number of Ordinary Shares with voting rights in issue following the Placing will be 115,910,871. Oxford Catalysts does not hold any Ordinary Shares in treasury. The figure of 115,910,871 Ordinary Shares may 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 Group under the Financial Services Authority's Disclosure and Transparency Rules.

Roy Lipski, CEO of Oxford Catalysts Group said:

"I am delighted with the confidence shown by investors, both existing and new, in Oxford Catalysts' technology and potential. We are the only smaller scale FT provider in the industry to be announcing selection for commercial projects. These funds will allow us to accelerate forward, consolidating our market lead and driving commercial roll out of our technology."

- Ends -

For further information, please contact:

Oxford Catalysts Roy Lipski, CEO Susan Robertson, CFO	[phone] [phone]
Lionsgate Communications Jonathan Charles / Jessica Johnson	[phone]
Cenkos Securities (Nomad and Joint Broker) Ken Fleming / Neil McDonald	[phone] [phone]
Numis Securities (Joint Broker) Alex Ham / Alastair Stratton	[phone]

Notes to Editors

Oxford Catalysts enables modular Gas-to-Liquids (GTL) plants to convert unconventional, remote and problem gas into valuable liquid fuels. Systems based on the Group's technology (marketed under the brand name Velocys) are significantly smaller than those using conventional technology, enabling modular plants that can be deployed cost effectively in remote locations and on smaller fields than is possible with competing systems. Together with world-class partners, Oxford Catalysts provides complete modular GTL solutions that address an untapped market of up to 25 million barrels of fuel a day.

Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 85 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com

www.velocys.com

 

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