18th Oct 2010 12:30
18 October 2010
President Petroleum Company PLC
Result of General Meeting
President Petroleum (AIM: PPC), the oil and gas exploration and production company with onshore producing and exploration assets in Louisiana, USA and onshore exploration licences in South Australia, is pleased to announce that at a General Meeting of the Company relating to the Placing announced on 30 September 2010, which took place earlier today, the resolution put to Shareholders was duly passed.
The voting on the resolution was taken on a show of hands and was passed unanimously. For the information of Shareholders, the proxy votes cast before the meeting were as follows:
|
For the Resolution |
Against the Resolution |
|
22,763,064 (98.99%) |
231,480 (1.01%) |
The Placing remains conditional, inter alia, upon Admission which is expected to occur at 8.00a.m. 19 October 2010.
Capitalised terms used in this announcement shall have the same meaning as ascribed in the circular dated 30 September 2010, unless the context otherwise requires.
For further information please contact:
|
President Petroleum Company |
|
|
Stephen Gutteridge, Chairman |
+44 (0) 207 811 0140 |
|
John Hamilton, Non-executive Director |
+44 (0) 207 036 9369 |
|
|
|
|
Evolution Securities |
+44 (0) 207 071 4300 |
|
Robert Collins, Tim Redfern, Neil Elliot, Adam James |
|
|
|
|
|
RBS Hoare Govett |
+44 (0) 207 678 8000 |
|
Stephen Bowler, John MacGowan, Lee Morton |
|
|
|
|
|
Financial Dynamics |
+44 (0) 207 831 3113 |
|
Ben Brewerton, Ed Westropp |
|
Related Shares:
PPC.L