Baron Oil PLC Result of General Meeting (1730V)
April 12 2021 - 7:30AM
UK Regulatory
TIDMBOIL
RNS Number : 1730V
Baron Oil PLC
12 April 2021
12 April 2021
Baron Oil Plc
("Baron" or the "Company")
Result of General Meeting
Chuditch PSC update
Further to the Company's announcements of 24 March 2021 and 26
March 2021, Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas
exploration company, is pleased to announce that all resolutions
were duly passed at its General Meeting held earlier today.
The results of voting on the Resolutions at the General Meeting
are set out below.
Resolution % in favour
Resolution 1 94.6%
------------
Resolution 2 94.6%
------------
Resolution 3 94.6%
------------
Chuditch PSC update
SundaGas Banda has entered into the agreement with Spectrum Geo
Australia Pty Ltd., a wholly owned subsidiary of TGS-NOPEC
Geophysical Company ASA, for the licensing and reprocessing of the
3D seismic data. SundaGas Banda has also received the existing 3D
data.
A further announcement will be made once Baron's proposed Earn
In to the Chuditch PSC has been completed.
Application for Admission
Application has been made to the London Stock Exchange for the
4,475,000,000 Second Fundraising Shares to be issued pursuant to
the Second Fundraising to be admitted to trading on AIM and the
date on which Second Admission is expected to become effective is
on or around 14 April 2021.
Total Voting Rights
Upon Second Admission, the Company's issued ordinary share
capital will consist of 10,426,409,576 Ordinary Shares with one
voting right each. The Company does not hold any Ordinary Shares in
treasury. Therefore, the total number of Ordinary Shares and voting
rights in the Company upon Second Admission will be 10,426,409,576.
With effect from Second Admission, this figure 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 Company under
the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms in this announcement shall have the meanings
given to such terms in the announcement issued by the Company dated
24 March 2021 unless otherwise defined herein.
For further information, please contact:
Baron Oil Plc +44 (0) 20 7117 2849
Andy Yeo, Chief Executive
Allenby Capital Limited +44 (0) 20 3328 5656
Nominated Adviser and Joint Broker
Alex Brearley, Nick Harriss, Nick Athanas (Corporate
Finance)
Kelly Gardiner (Sales and Corporate Broking)
Turner Pope Investments (TPI) Limited +44 (0) 20 3657 0050
Joint Broker
Andy Thacker, Zoe Alexander
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END
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