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Result of General Meeting

21st Mar 2025 10:24

RNS Number : 6847B
Borders & Southern Petroleum plc
21 March 2025
 

 

 

21 March 2025

 

Borders & Southern Petroleum plc

("Borders & Southern" or the "Company")

 

Result of General Meeting

 

Borders & Southern Petroleum plc (AIM: BOR), the London based independent oil and gas exploration company with appraisal and exploration assets offshore the Falkland Islands, is pleased to advise that at the General Meeting held earlier today all resolutions were passed.

 

The results of the proxy voting were:

 

Resolution

Percentage proxy votes in favour

1. Authority to allot relevant securities

99.56%

2. Disapplication of shareholder pre-emption rights

97.95%

 

Admission and Total Voting Rights

 

Application has been made for admission of the 46,315,789 new shares to trading on AIM ("Admission") and it is expected that Admission will occur on or around 24 March 2025. The new shares will rank pari passu with the existing Ordinary Shares of 1 pence each in the capital of the Company.

 

Following Admission, the total issued share capital of the Company will consist of 877,630,245 Ordinary Shares each with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 877,630,245 and this is the figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please visit www.bordersandsouthern.com or contact:

 

 

Borders & Southern Petroleum plc

Tel: 020 7071 6984

Harry Baker, CEO

SP Angel Corporate Finance LLP (Nominated Adviser and Broker)

Tel: 020 3470 0470

 

Stuart Gledhill

Richard Hail

Adam Cowl

Zeus (Joint Bookrunner)

Tel: 0203 829 5000

Nick Searle 

Simon Johnson 

Antonio Bossi 

Andrew de Andrade 

Hannam & Partners (Joint Bookrunner)

Tel: 0207 907 8500

Neil Passmore

Leif Powis

 

Tavistock (Financial PR)

Tel: 020 7920 3150

Simon Hudson

Nick Elwes

 

 

 

 

Notes to Editors:

Borders & Southern Petroleum plc is an oil & gas exploration company listed on the London Stock Exchange AIM (BOR). The Company operates and has a 100% interest in three Production Licences in the South Falkland Basin covering an area of nearly 10,000 square kilometres. The Company has acquired 2,517 square kilometres of 3D seismic and drilled two exploration wells, making a significant gas condensate discovery with its first well.

 

-ends-

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