Victoria Oil & Gas PLC Result of AGM (0811Y)
November 26 2014 - 8:58AM
UK Regulatory
TIDMVOG
RNS Number : 0811Y
Victoria Oil & Gas PLC
26 November 2014
26 November 2014
Victoria Oil & Gas Plc
("VOG" or "the Company")
Result of Annual General Meeting ("AGM")
Victoria Oil and Gas Plc, the African energy utility, is pleased
to announce that at the AGM of the Company held this morning, all
of the resolutions proposed in the notice of meeting that was set
out in a circular to shareholders dated 22 October 2014
("Circular"), were duly passed.
In addition to the usual business dealt with at the AGM, the
Company also sought shareholder approval for a consolidation and
sub-division of the Company's share capital (the "Capital
Reorganisation"), details of which were included in the
Circular.
Following the passing of the Capital Reorganisation resolutions
at the AGM today, every 40 existing ordinary shares of 0.5 pence
("Existing Ordinary Share") will be consolidated into one
consolidated ordinary share of 20 pence ("Consolidated Ordinary
Share") ("Consolidation"). Immediately following the Consolidation,
each of the Consolidated Ordinary Shares will be sub-divided into
one new ordinary share of 0.5 pence ("New Ordinary Share") and one
new deferred share of 19.5 pence (" Deferred Share").
Application has been made to the London Stock Exchange for the
108,713,809 New Ordinary Shares created pursuant to the Capital
Reorganisation to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective and that
dealings in the New Ordinary Shares will commence at 8.00 a.m. on
27 November 2014.
Shareholders who hold Existing Ordinary Shares in uncertificated
form will have their CREST accounts credited with the New Ordinary
Shares following Admission on 27 November 2014. Following the
Capital Reorganisation, existing share certificates will cease to
be valid and new share certificates will be despatched to those
shareholders who hold their Existing Ordinary Shares in
certificated form, on or before 5 December 2014. No share
certificates will be issued in respect of Consolidated Ordinary
Shares or Deferred Shares.
Following Admission, the Company's ordinary share capital will
consist of 108,713,809 ordinary shares of 0.5p with voting rights
listed on AIM and 108,713,809 deferred shares of 19.5p with no
voting rights. VOG does not hold any ordinary shares in treasury.
The ISIN of the New Ordinary Shares is GB00BRWR3752.
For further information, please visit www.victoriaoilandgas.com
or contact:
Victoria Oil & Gas Plc
Kevin Foo/Laurence Read Tel: +44 (0) 20 7921 8820
Numis Securities
John Prior/Ben Stoop Tel: +44 (0) 207 260 1000
Strand Hanson Limited
Angela Hallett / Stuart Faulkner Tel: +44 (0) 20 7409 3494
Tavistock Communications
Ed Portman / Simon Hudson Tel: +44 (0) 20 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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