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Red Rock plans capital re-organisation

By BFN News | 12:03 PM | Thursday 04 December, 2014


Red Rock Resources has announced that under special business at the company's AGM, to be held on 23 December, an ordinary resolution will be put to the meeting that: - each of the 2,371,116,172 existing ordinary shares of 0.1p each in the capital of the Company ("Existing Ordinary Shares") be subdivided into one deferred share of 0.09p each ("Deferred Shares") and one new Ordinary Share of 0.01p each ("New Ordinary Shares"); and - the New Ordinary Shares will have the same rights and be subject to the same restrictions (save as to nominal value) as the Existing Ordinary Shares in the Company's Articles of Association and the Deferred Shares will have the rights and be subject to the restrictions attached to Deferred Shares as set out in the Articles of Association. Application will be made for the 2,371,116,172 New Ordinary Shares to be admitted to trading on AIM. Admission will be subject to shareholder approval and would be expected to take place on 24 December 2014. At 12:03pm: (LON:RRR) Red Rock Resources PLC share price was 0p at 0.17p Story provided by StockMarketWire.com

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