17th Aug 2006 12:09
Cambrian Oil & Gas PLC17 August 2006 17 August 2006 AIM: COIL CAMBRIAN OIL & GAS PLC ("COIL" or "the Company") Extraordinary General Meeting The board of COIL today announces that an extraordinary general meeting of theCompany will be convened for 11.00am on 11 September 2006 at the offices ofTrowers & Hamlins, Sceptre Court, 40 Tower Hill, London EC3N 4DX (the "EGM"). The directors of the Company are seeking shareholder approval to increase theauthorised capital of the Company and to grant the board of COIL sufficientauthority to allot ordinary shares in the Company and to do so for cash on a nonpre-emptive basis. Further information on the proposed resolutions is set out in a circularcontaining the notice of EGM (the "Circular") which was posted to shareholdersof the Company today. Copies of the Circular will be available during normalbusiness hours on weekdays (excluding public holidays) for one month fromtoday's date at the offices of Trowers & Hamlins, Sceptre Court, 40 Tower Hill,London, EC3N 4DX. If you are in any doubt as to the action you should take, you are recommended toseek your own personal financial advice from your stockbroker, solicitor,accountant or independent financial adviser authorised pursuant to the FinancialServices and Markets Act 2000. The City Code on Takeovers and Mergers ("the Takeover Code") Although the Company is incorporated in England, the place of central managementof the Company is currently located outside the UK, the Channel Islands or theIsle of Man since the main place of business of the Company is in Australia. Themajority of Board meetings are held outside the UK, the Channel Islands and theIsle of Man and the majority of the Board are resident outside the UK, theChannel Islands and the Isle of Man. Accordingly, as the Company is one towhich paragraph 3 (a) (ii) of the Introduction to the Takeover Code applies, thePanel on Takeovers and Mergers ("the Panel") has confirmed that the Company isnot subject to the Takeover Code and Shareholders will not be afforded anyprotections under the Takeover Code. If circumstances change, including if changes to the Board are made, the Companywill consult with the Panel to ascertain whether this will affect the centralmanagement of the Company. If the Panel determines that, as a result of suchchanges, the place of central management of the Company is located in the UK,the Channel Islands or the Isle of Man such that the Takeover Code then becomesapplicable to the Company, an announcement will be made. Ends For further information please contact: Cambrian Oil & Gas Neale Taylor, CEO +44 (0) 20 7409 0890 Paul McGroary, Director +44 (0) 79 3056 8160 WH Ireland Peter Jackson +44 (0) 20 7220 1666 Parkgreen Communications Victoria Thomas +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Coiled Thera