TomCo Energy PLC Result of AGM (6803H)
June 09 2017 - 7:00AM
UK Regulatory
TIDMTOM
RNS Number : 6803H
TomCo Energy PLC
09 June 2017
9 June 2017
TomCo Energy plc (AIM: TOM)
("TomCo" or the "Company")
Result of AGM and Share Consolidation and Sub-division
TomCo Energy plc announces that, at the Annual General Meeting
of the Company held earlier today, all Resolutions were duly
passed.
Accordingly, as announced on 17 May 2017 and set out in the
Notice of Annual General Meeting ("Notice of AGM"), the
Consolidation, whereby every 25,000 Existing Ordinary Shares will
be consolidated into one Consolidated Ordinary Share, and the
subsequent Sub-division, whereby, following the Consolidation and
Repurchase, every 1 Consolidated Ordinary Share will be sub-divided
into 200 New Ordinary Shares, will take effect following the Record
Date, being the close of business today.
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM ("Admission") and Admission and dealings
are expected to commence at 8.00 a.m. on 12 June 2017 under the
SEDOL code BZBXMN9 and ISIN code IM00BZBXMN96. The Company's TIDM
remains unchanged: TOM.
The Company will make a further announcement at 7.00 a.m. on 12
June 2017 confirming the number of New Ordinary Shares to be issued
and the resulting total voting rights following Admission.
As detailed in the announcement of 17 May 2017 and the Notice of
AGM, the Company will not allocate fractions of Consolidated
Ordinary Shares that are created pursuant to the Consolidation and
fractions will be aggregated and purchased by the Company. All
Consolidated Ordinary Shares (and fractions thereof) purchased by
the Company will be automatically cancelled and the net proceeds,
subject to being greater than GBP5.00, will be paid to each
relevant Shareholder as applicable. Accordingly, following the
Consolidation and Sub-division, Shareholders who hold fewer than
25,000 Existing Ordinary Shares on the Record Date will cease to be
a shareholder in the Company and will not be entitled to any
Consolidated Ordinary Shares under the Consolidation and
consequently will not be entitled to receive any New Ordinary
Shares following the Sub-division.
Capitalised terms used in this announcement carry the same
meaning as those ascribed to them in the Notice of AGM dated 17 May
2017, unless the context requires otherwise.
Enquiries:
For further information, please visit www.tomcoenergy.uk.com or
contact:
TomCo Energy plc
Contact:
Telephone: +44 (0) 20 3823 3635
Chris Brown (CEO) chris@tomcoenergy.uk.com
Andrew Jones (Chairman) andrew@tomcoenergy.uk.com
Strand Hanson (Nominated Adviser)
Contact:
James Harris / Richard Tulloch +44 (0) 20 7409 3494
SVS Securities plc (Broker)
Contact:
Tom Curran / Ben Tadd +44 (0) 20 3700 0093
Tavistock Communications (Financial PR)
Contact:
Jos Simson/Niall Walsh +44 (0) 7920 3150
Jos.simson@tavistock.co.uk
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
- ENDS-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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