Phoenix Global Resources PLC Result of General Meeting (3702X)

TIDMPGR

RNS Number : 3702X

Phoenix Global Resources PLC

23 November 2017

Phoenix Global Resources plc

("Phoenix" or the "Company")

Result of the General Meeting relating to the

Capitalisation, Reduction of Capital and Interoil Demerger

The Company is pleased to announce that both resolutions put to shareholders at today's general meeting of the Company were duly passed.

The cancellation of the Deferred Share (once issued) and the amount standing to the credit of the share premium account of the Company in its entirety are expected to be approved by the High Court of Justice and to become effective on 13 December 2017.

The Interoil Demerger is expected to complete on 15 December 2017.

For further information, please contact:

 
 Phoenix Global Resources   Anuj Sharma, CEO     T: +54 11 5258 7500 
  plc                        Philip Wolfe, CFO    T: +44 20 7839 4974 
 Stockdale Securities       Antonio Bossi        T: +44 20 7601 6100 
                             Ed Thomas 
 
   Panmure Gordon             Adam James           T: +44 20 7886 2500 
                              Atholl Tweedie 
 
   Camarco                    Billy Clegg          T: +44 20 3757 4980 
                              Gordon Poole 
                              James Crothers

Capitalised terms used but not defined in this announcement have the same meaning as in the Circular published by the Company on 7 November 2017 and available on its website at www.phoenixglobalresources.com

About Phoenix

Phoenix Global Resources is a London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA: PGR) listed independent Argentina focused oil and gas exploration and production company. The Company has over 6.3 million licensed working interest acres in Argentina (of which over 5 million are operated), 61.7 million boe of working interest 2P reserves and average production of approximately 11,300 working interest boepd in 2016. Phoenix has significant exposure to the unconventional opportunity in Argentina through its 480,000 working interest acres with Vaca Muerta potential.

The Company's website is www.phoenixglobalresources.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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