16th Dec 2013 12:48
Ophir Energy PLC
Result of General Meeting in Respect of Sale of 20% Interest in Tanzania Blocks 1, 3 and 4 to Pavilion Energy for US$1,288 million
London, 16 December 2013: Ophir Energy plc ("Ophir" or the "Company") announces that at its General Meeting held today, the resolution put to shareholders was duly passed on a poll. The poll results showing the number of votes received for and against the resolution are shown below.
Full details of the resolution passed, together with explanatory notes, are set out in the Shareholder Circular including Notice of General Meeting dated 29 November 2013 which is available on the Company's website at www.ophir-energy.com.
The resolution was proposed as an ordinary resolution.
Resolution | For/Discretion | Against | Total | Vote Withheld* |
To approve the disposal of the Sale Assets to (i) Pavilion Energy on the terms set out in the Farm-Out Agreement, or (ii) the BG Group on the terms set out in a disposal agreement to be entered into with the BG Group on the same terms and conditions as the Farm-Out Agreement if the BG Group exercises its Pre-Emption Rights. | 478,791,680 (99.9992%) | 3,500 (0.0008%) | 478,795,180 | 1,795,796 |
*'Vote Withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' the resolution.
Those in attendance of the General Meeting were informed prior to voting on the resolution that the period for the BG Group to exercise its Pre-Emption Rights expired yesterday, 15 December 2013, and that no notice had been received from the BG Group electing to exercise its Pre-Emption Rights within that period.
In accordance with LR 9.6.2 of the UK Listing Authority, Ophir has submitted copies of the resolution passed at its General Meeting to the National Storage Mechanism which will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM
Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Shareholder Circular including Notice of General Meeting dated 29 November 2013.
For further information please contact:
Ophir Energy plc +44 (0)20 7290 5800
Jacqueline Knox, Company Secretary
Richard Rose, Corporate Communications and Strategy
Brunswick Group +44 (0)20 7404 5959
Patrick Handley
Elizabeth Adams
Notes to Editors
Ophir Energy (OPHR.LN) is an African focused, upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has an extensive deepwater acreage position in West and East Africa acquired since its foundation in 2004.
The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Dar es Salaam and Mtwara (Tanzania), Malabo (Equatorial Guinea), Libreville (Gabon), Nairobi (Kenya), Dakar (Senegal) and Accra (Ghana).
For further information on Ophir, please refer to www.ophir-energy.com
Disclaimer
THIS ANNOUNCEMENT IS A COMMUNICATION TO THE MARKET. NOTHING IN THIS ANNOUNCEMENT CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR A PROSPECTUS EQUIVALENT DOCUMENT.
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN JURISDICTIONS OTHER THAN THE UNITED KINGDOM MAY BE RESTRICTED BY LAW AND THEREFORE PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Related Shares:
OPHR.L