TIDMAEN
RNS Number : 5455N
Andes Energia PLC
09 August 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,
JAPAN, AUSTRALIA, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
9 August 2017
Andes Energia plc
("Andes Energia" or the "Company")
Result of General Meeting and Completion of the combination with
PETSA
Change of name to Phoenix Global Resources plc
Andes Energia is pleased to announce that all resolutions put to
shareholders at the General Meeting held earlier today were duly
passed including the Waiver Resolution which was passed on a
poll.
As a result, it is expected that, amongst other things, the
combination with PETSA will become effective, the Proposed
Directors will be appointed to the Board, certain Directors will
leave the Board and the Company's name will change to Phoenix
Global Resources plc (AIM: PGR; BCBA: PGR) and the Company's
website will change to www.phoenixglobalresources.com, all of which
will be effective from 8.00 a.m. tomorrow.
Application has been made for the Enlarged Share Capital
(including the 1,899,106,385 Consideration Shares and the
14,766,666 Share Exchange Shares) to be admitted to trading on AIM.
It is expected that Admission will also become effective and
dealings in the Enlarged Share Capital on AIM will also commence at
8.00 a.m. tomorrow.
Ex Dividend Date
The ex dividend date for the Interoil Demerger will be 7
September 2017 (the "Ex Dividend Date").
Total voting rights
Following Admission, the Company's Enlarged Share Capital will
comprise 2,519,431,566 Ordinary Shares. The Company does not hold
any Ordinary Shares in treasury.
The figure of 2,519,431,566 Ordinary Shares 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.
Sir Michael Rake, Chairman of Andes Energia, said:
"The Company has the scale, management, assets and financial
resources to take advantage of the rapid changes occurring in
Argentina. I look forward to chairing the Board which is committed
to the highest standards of corporate governance."
Anuj Sharma, CEO of Andes Energia, said:
"We have an active work programme across our portfolio of
conventional and unconventional assets to increase production and
to take forward the appraisal and development of our substantial
unconventional resources including our position in the Vaca Muerta
formation."
For further information, please contact:
Andes Energia Anuj Sharma, T: +54 11 5258
plc CEO 7500
Philip Wolfe, T: +44 (0)203
CFO 757 4983
Billy Clegg, T: +44 (0)203
Head of Communications 757 4983
Mercuria Energy Matthew Lauer T: +1-703-463-1841
Group
Stockdale Securities Antonio Bossi T: +44 207 601
David Coaten 6100
Panmure Gordon Adam James T: +44 207 886
Atholl Tweedie 2500
Camarco Gordon Poole T: +44 203 757
James Crothers 4980
Capitalised terms used but not defined in this announcement have
the same meaning as in the readmission document published on 24
July 2017 and available from the Company's website at
www.andesenergiaplc.com.ar
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY, IS NOT
INTENDED TO AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR
INVITATION TO PURCHASE OR SUBSCRIBE FOR, UNDERWRITE, SELL OR ISSUE
OR THE SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE, SELL,
ACQUIRE, DISPOSE OF THE ORDINARY SHARES OR ANY OTHER SECURITY IN
THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF
SOUTH AFRICA, JAPAN OR IN ANY JURISDICTION IN WHICH, OR TO ANY
PERSONS TO WHOM, SUCH OFFERING, SOLICITATION OR SALE WOULD BE
UNLAWFUL.
ANY SECURITIES DESCRIBED HEREIN MAY NOT BE OFFERED OR SOLD IN
THE UNTED STATES, UNLESS REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
PUSUANT TO AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENT. NO
PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES,
AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN
OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES. THE COMPANY
DOES NOT CURRENTLY INTEND TO REGISTER ANY SECURITIES UNDER THE
SECURITIES ACT. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION
OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES.
Stockdale Securities Limited is authorised and regulated in the
United Kingdom by the Financial Conduct Authority ("FCA") and is
acting exclusively for the Company in connection with the
Transaction and Admission and no one else and will not be
responsible to anyone other than the Company for providing the
protections afforded to its clients nor for providing advice to any
other person in relation to the Transaction and Admission and/or
any other matter referred to in this Announcement.
Panmure Gordon (UK) Limited is authorised and regulated in the
United Kingdom by the FCA and is acting as joint broker to the
Company and will not be responsible to anyone other than the
Company for providing the protections afforded to its clients nor
for providing advice to any other person in relation to the
Transaction and Admission and/or any other matter referred to in
this Announcement.
This announcement contains certain forward-looking statements,
beliefs or opinions, with respect to certain of the Company's
current expectations and projections about future prospects,
developments, strategies, performance, anticipated events or trends
and other matters that are not historical facts. These
forward-looking statements, which sometimes use words such as
"aim", "anticipate", "believe", "intend", "plan" "estimate",
"expect" and words of similar meaning, include all matters that are
not historical facts and reflect the Directors' beliefs and
expectations and involve a number of risks, uncertainties and
assumptions that could cause actual results and performance to
differ materially from any expected future results or performance
expressed or implied by the forward-looking statement. Statements
contained in this announcement regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. The information contained
in this announcement is subject to change without notice and,
except as required by applicable law, none of the Company,
Stockdale, Panmure Gordon nor any of their respective affiliates
nor any of their respective directors, officers, employees,
advisers or representatives assumes any responsibility or
obligation to update, amend or revise publicly or review any of the
forward-looking statements contained in this announcement. You
should not place undue reliance on forward-looking statements,
which speak only as of the date of this announcement. No statement
in this announcement is or is intended to be a profit forecast or
profit estimate or to imply that the earnings of the Company for
the current or future financial years will necessarily match or
exceed the historical or published earnings of the Company. Past
performance of the Company and PETSA cannot be relied on as a guide
to future performance and persons reading this announcement are
cautioned not to place undue reliance on such forward-looking
statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMEAFPNEEEXEFF
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August 09, 2017 09:00 ET (13:00 GMT)
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