Solo Oil Plc Result of AGM, Share consolidation, TVR (9256L)

TIDMSOLO

RNS Number : 9256L

Solo Oil Plc

24 July 2017

FOR IMMEDIATE RELEASE 24 July 2017

SOLO OIL PLC

("Solo" or the "Company")

Result of Annual General Meeting

Revised Investing Policy

Share Consolidation

Total Voting Rights

The Board of Solo is pleased to announce that at the Annual General Meeting ("AGM") of the Company held earlier today, all resolutions were passed to include an update to the investment policy of the Company and a share consolidation.

Revised Investing Policy

The Company's Investing Policy is to acquire a diverse portfolio of direct and indirect interests in exploration, development and production oil and gas assets, and any other subsurface gas assets of potential commercial significance, located worldwide but predominantly in the Americas, Europe or Africa.

Share Consolidation

The number of shares in issued will be reduced on the basis of 20 existing existing ordinary share will be consolidated into one new ordinary share of 0.20p ("New Ordinary Share").

Application has been made for the 392,337,801 New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to commence at 08.00 on 25 July 2017.

The New Ordinary Shares will have the ISIN: GB00BF1BK408

Total Voting Rights

The above figure of 392,337,801 New Ordinary Shares with voting rights may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority;s, Disclosure and Transparency Rules.

For further information:

 
 Solo Oil plc 
  Neil Ritson / Dan Maling    +44 (0) 20 3794 9230 
 
 Beaumont Cornish Limited 
  Nominated Adviser and 
  Joint Broker 
  Roland Cornish              +44 (0) 20 7628 3396 
 
   Shore Capital 
   Joint Broker 
   Jerry Keen                   +44 (0) 20 7408 4090 
 
   Beaufort Securities 
   Joint Broker 
   Jon Belliss                  +44 (0) 20 7382 8300 
 
   Buchanan (PR) 
   Ben Romney / Chris 
   Judd / Henry Wilson          +44 (0) 20 7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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