28 August 2024
Bowleven
plc
("Bowleven" or the "Company")
Result of General Meeting and
Cancellation of Admission to Trading on AIM
Bowleven, the African focused oil
and gas exploration and production company with key interests in
Cameroon, announces that all Resolutions set out in the circular,
containing, inter alia, a
notice of general meeting, published by the Company on 9 August
2024 (the "Circular"), and put to the Company's Shareholders at the
General Meeting of the Company held earlier today, were duly
passed.
The number of votes cast for and
against each of the Resolutions proposed, and the number of votes
withheld were as follows:
|
Special Resolution Number
|
Special Resolution Name
|
Votes for
|
Votes Against
|
Votes Withheld*
|
Total Votes Cast (excl.
withheld)
|
|
No. of shares
|
% of shares voted
|
No. of shares
|
% of shares voted
|
No. of shares
|
|
1
|
AIM cancellation
|
1,243,826,486
|
97.40
|
33,261,940
|
2.60
|
233,388
|
1,277,088,426
|
|
2
|
Re-registration and adoption of new
articles of association
|
1,243,844,774
|
97.40
|
33,228,821
|
2.60
|
248,219
|
1,277,073,595
|
*A
vote withheld is not a vote in law and is not counted in the
calculation of the proportion of votes 'For' or
'Against'
In accordance with the passing of
Resolution 2, the Company will re-register as a private limited
company with the name Bowleven Limited and will adopt new articles
of association, which is expected to take place on or around 25
September 2024.
The full text of the resolutions
proposed and passed at the General Meeting can be found in the
Circular which is available on the Company's website:
https://www.bowleven.com/.
AIM
Delisting
Following approval by Shareholders
at the General Meeting, the admission of the ordinary shares of 0.1
pence in the capital of the Company (the "Ordinary
Shares") to trading on AIM will be
cancelled {the "AIM
Delisting"). The AIM Delisting is
expected to take place at 7:00 a.m. on 24 September 2024 and,
accordingly, the last day of dealings in Ordinary Shares on AIM is
expected to be 23 September 2024.
Exit Opportunity
Shareholders are reminded that the
Exit Opportunity provided by Crown Ocean Capital closes at 1.00
p.m. on 11 September 2024 and the Company anticipates announcing
the number of Shares sold pursuant to
the Exit Opportunity on 12 September
2024. Further details regarding the Exit Opportunity can be found
in the Circular.
Matched Bargain Facility
It remains the Company's intention
to provide a matched bargain facility to assist Shareholders
wishing to trade in Ordinary Shares following the AIM Delisting.
Further details with respect to the matched bargain facility, to be
provided by J P Jenkins, will be made available in due course on
the Company's website https://www.bowleven.com.
Capitalised terms used but not
otherwise defined in this announcement have the meanings given to
them in the Circular.
ENQUIRIES
For further information, please
contact:
|
Bowleven plc
|
|
|
Eli Chahin, Chief
Executive
|
+ 44 20 3327 0150
|
|
|
|
|
Camarco (Financial PR)
|
|
|
Owen Roberts
|
+ 44 20 3757 4980
|
|
Hugo Liddy
|
|
|
|
|
|
Shore
Capital (NOMAD and Broker)
|
|
|
Daniel Bush
Rachel Goldstein
|
+ 44 20 7408 4090
|
|
|
|