Frontier Resources International Result of AGM and Capital Reorganisation (6499R)

TIDMFRI

RNS Number : 6499R

Frontier Resources International

30 June 2015

For immediate release

30 June 2015

Frontier Resources International Plc

("Frontier" or the "Company")

Result of AGM

Capital reorganisation

The Board of Frontier announces that all the resolutions were unanimously passed at the Annual General Meeting held earlier today.

In addition to the normal business of the AGM, the resolution pertaining to proposals for the subdivision and redesignation of the existing ordinary shares ("Existing Ordinary Shares") and the adoption of new articles of association (the "Reorganisation") was passed.

The Reorganisation comprises a subdivision of each Existing Ordinary Share into one new ordinary share of 0.1p each ("New Ordinary Share") and one deferred share ("Deferred Share") and the adoption of the new articles of association ("New Articles").

The New Ordinary Shares will have the same rights as those currently accruing to the Existing Ordinary Shares under the existing articles of association, including those relating to voting and entitlement to dividends. No new share certificates will be issued to existing shareholders, and their existing share certificates for the same quantity of shares will remain as valid cover.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and, it is expected that admission will become effective at 8.00 a.m. on 1 July 2015. There are 165,430,505 New Ordinary Shares in issue following completion of the Reorganisation.

Enquiries:

 
 Frontier Resources 
  International Plc               Tel: +1 (281) 920 
  Jack Keyes, Chief Executive     0061 
  Officer                         Tel: +44 (0) 020 
  Neil Herbert, Chairman          3475 8108 
 
   Beaumont Cornish (Nomad)       Tel: +44 (0)20 7628 
   Michael Cornish                3396 
   Roland Cornish 
 
   Beaufort Securities            Tel: +44 (0)20 7382 
   Limited (Broker)               8300 
   Saif Janjua

A copy of this announcement is available from the Company's website www.friplc.com

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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