18th May 2009 11:30
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For immediate release |
18 May 2009 |
Rift Oil Plc
Result of General Meeting
Rift Oil Plc announces that the special resolution (as detailed below) proposed at the Company's General Meeting held earlier today was duly passed.
The special resolution was to disapply the provisions of section 89 of the Companies Act 1985 (statutory pre-emption provisions) to empower the Directors to allot equity securities in respect of the Placing (as announced on 24th April 2009) in relation to the issue of new Ordinary Shares up to an aggregate nominal value of £300,000 (for both the issue of the 20,000,000 Placing Shares and the grant of the 10,000,000 Warrants), being approximately 3.5 per cent. of the Enlarged Share Capital.
Enquiries:
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Rift Oil plc David Lees |
+44 20 7340 9970 |
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RBC Capital Markets Sarah Wharry |
+44 20 7653 4804 |
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Buchanan Communications Tim Anderson / Isabel Podda |
+44 20 7466 5000 |
Related Shares:
Rift Helium