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Baron Oil PLC (BOIL)

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Monday 12 April, 2021

Baron Oil PLC

Result of General Meeting

RNS Number : 1730V
Baron Oil PLC
12 April 2021

12 April 2021

Baron Oil Plc

("Baron" or the "Company")

Result of General Meeting

Chuditch PSC update

Further to the Company's announcements of 24 March 2021 and 26 March 2021, Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, is pleased to announce that all resolutions were duly passed at its General Meeting held earlier today.

The results of voting on the Resolutions at the General Meeting are set out below.


% in favour

Resolution 1


Resolution 2


Resolution 3



Chuditch PSC update

SundaGas Banda has entered into the agreement with Spectrum Geo Australia Pty Ltd., a wholly owned subsidiary of TGS-NOPEC Geophysical Company ASA, for the licensing and reprocessing of the 3D seismic data. SundaGas Banda has also received the existing 3D data. 

A further announcement will be made once Baron's proposed Earn In to the Chuditch PSC has been completed.

Application for Admission

Application has been made to the London Stock Exchange for the 4,475,000,000 Second Fundraising Shares to be issued pursuant to the Second Fundraising to be admitted to trading on AIM and the date on which Second Admission is expected to become effective is on or around 14 April 2021.

Total Voting Rights

Upon Second Admission, the Company's issued ordinary share capital will consist of 10,426,409,576 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company upon Second Admission will be 10,426,409,576. With effect from Second 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.


Capitalised terms in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 24 March 2021 unless otherwise defined herein.

For further information, please contact:

Baron Oil Plc

+44 (0) 20 7117 2849

Andy Yeo, Chief Executive


Allenby Capital Limited

+44 (0) 20 3328 5656

Nominated Adviser and Joint Broker

Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance)

Kelly Gardiner (Sales and Corporate Broking)


Turner Pope Investments (TPI) Limited

+44 (0) 20 3657 0050

Joint Broker

Andy Thacker, Zoe Alexander



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