Phoenix Global Resources PLC Result of General Meeting (3702X)
November 23 2017 - 6:56AM
UK Regulatory
TIDMPGR
RNS Number : 3702X
Phoenix Global Resources PLC
23 November 2017
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
END
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