Phoenix Global Resources PLC Result of General Meeting (9889X)
September 01 2022 - 8:48AM
UK Regulatory
TIDMPGR
RNS Number : 9889X
Phoenix Global Resources PLC
01 September 2022
1 September 2022
Phoenix Global Resources plc
("Phoenix" or the "Company")
Result of General Meeting
The Board of Phoenix Global Resources plc (AIM: PGR; BCBA: PGR),
the upstream oil and gas company, announces that the special
resolutions to approve the Company's Cancellation and
Re-registration put to Shareholders at the General Meeting held
earlier today were duly passed on a show of hands.
If the voting had been on a poll the proxy votes received in
advance of the meeting on each resolution are set out below:
Special Resolution Votes for % Votes against % Votes withheld %
1 - To approve
the cancellation
of the admission
to trading on
AIM of the ordinary
shares of 10
pence each in
the capital of
the Company 2,432,849,199 99.06 22,996,113 0.94 3,961 0.00
-------------- ------ -------------- ----- --------------- ----
2 - To approve:
(a) the re--registration
as a private
company with
the name "Phoenix
Global Resources
Limited"; and
(b) new Articles
of Association 2,432,849,199 99.06 22,996,113 0.94 3,961 0.00
-------------- ------ -------------- ----- --------------- ----
As a result, it is expected that the last day of dealings in the
Company's Ordinary Shares on AIM will be 14 September 2022 and the
Cancellation will become effective at 7.00 a.m. on 15 September
2022.
The expected timetable of principle events is set out below:
1.00 p.m. on 7 September
Exit Opportunity closes 2022
Company's announcement of number
of Shares sold pursuant to the
Exit Opportunity 9 September 2022
Expected last day of dealings in
Ordinary Shares on AIM 14 September 2022
Expected last day of dealings in
Ordinary Shares on BASE 14 September 2022
Expected time and date of the AIM 7.00 a.m. on 15 September
Cancellation 2022
Expected time and date of the BASE
Cancellation 15 September 2022
Expected date of Re-registration 29 September 2022
Notes:
1. Each of the times and dates in the above timetable are
subject to change. If any of the above times or dates change, the
revised times or dates will be notified to Shareholders by means of
an announcement made through a Regulatory Information Service (as
defined in the AIM Rules). All references to times in announcement
are to London times unless otherwise stated.
All defined terms in this announcement, unless otherwise
defined, will have the same meaning as those defined in the
Circular dated 3 August 2022.
Ends
For further information, please contact:
Phoenix Global Resources Nigel Duxbury, Company T: +44 20 3912 2800
plc Secretary
Shore Capital Toby Gibbs T: +44 20 7408 4090
Nominated Adviser and David Coaten
Joint Broker
Panmure Gordon John Prior T: +44 20 7886 2500
Joint Broker Atholl Tweedie
About Phoenix
Phoenix Global Resources is an independent oil and gas
exploration and production company focused on Argentina and listed
on both the London Stock Exchange (AIM: PGR) and the Buenos Aires
Stock Exchange (BCBA: PGR) and offers its investors an opportunity
to invest directly into Argentina's Vaca Muerta shale formation and
other unconventional resources. The Company has over 0.8 million
licenced working interest acres in Argentina (of which
approximately 0.7 million are operated), 71.1 million boe of
working interest 2P reserves and average working interest
production of 4,553 boepd in 2021. Phoenix has signi cant exposure
to the unconventional opportunity in Argentina through its
approximately 0.4 million working interest acres with Vaca Muerta
and other unconventional potential.
The Company's website is www.phoenixglobalresources.com
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END
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