Serinus Energy Inc. Announces the Results of Its Special Meeting of Shareholders
March 07 2018 - 3:40PM
Serinus Energy Inc. (“
Serinus” or the
“
Corporation”) (TSX:SEN) (WARSAW:SEN) announces
that at the Special Meeting of Shareholders
(the “
Meeting”) which was held today at
10:00 am (Calgary time) holders
(“
Shareholders”) of common shares (“
Common
Shares”) in the capital of the Corporation approved a
special resolution (the “
Continuance Resolution”)
authorizing:
- the continuance (the “Continuance”) of
the Corporation from Canada to Jersey, Channel Islands, pursuant to
the provisions of the Companies (Jersey) Law 1991 (as amended)
(the “CJL”); and
- the Corporation to adopt new charter documents of the
Corporation upon the Continuance, which shall include amendments to
the existing charter documents of the Corporation including a
change of the Corporation’s name to “Serinus Energy Plc”,
each to be completed at the discretion of the
board of directors (“Board of Directors”) of the
Corporation and all as more particularly described in the
Corporation’s management information circular dated February 5,
2018 (the “Circular”).
The total number of Common Shares represented by
Shareholders present in person or by proxy at the Meeting was
79,828,902 Common Shares, representing 52.99 per cent of the
Corporation’s outstanding Common Shares. Of the total Common Shares
voted, 79,574,585 Common Shares, representing 99.68 per cent
of the Common Shares voted, voted in favour of the Continuance
Resolution and 254,317 Common Shares, representing 0.32
per cent of the Common Shares voted, voted against the
Continuance Resolution.
The decision of the Board of Directors to
proceed with the Continuance will be timed to coincide with an
anticipated approval of the Corporation’s fast track application to
admit the Corporation’s entire issued and to be issued share
capital to trading on the AIM (“AIM”) Market of
the London Stock Exchange (the “Admission”). As a
quoted applicant under Rule 2 of the AIM Rules for Companies (the
“AIM Rules”), the Corporation is required to
provide the London Stock Exchange with certain information
specified by Schedule One of the AIM Rules at least 20 business
days prior to the expected date of the Admission.
Should the Board of Directors determine to
proceed with the Continuance, the process will be as follows:
- The Corporation will make an application to the Alberta
Registrar (“Registrar”) appointed under the
Business Corporations Act (Alberta) for approval of the
Continuance;
- Subject to receipt of approval from the Registrar and
compliance with all of the requirements of the CJL, the Registrar
of Companies in Jersey will issue to the Corporation a Certificate
of Continuance; and
- Upon the issue of the Certificate of Continuance:
-- Serinus will become domiciled in Jersey, Channel Islands
and will be a company governed under the CJL; --
the new charter documents will replace Serinus’ existing
articles; -- the Corporation’s name will change
to “Serinus Energy Plc”; and -- the
Corporation’s registered office will change to the address of a
Jersey registered office provider.
Upon completion of the Continuance and the
Admission, the Corporation intends delist from the Toronto Stock
Exchange but maintain its listing on the Warsaw Stock Exchange.
Shareholders should expect further details regarding the
Continuance and the Admission by news release in the coming
weeks.
About SerinusSerinus is an
international upstream oil and gas exploration and production
company that owns and operates projects in Tunisia and Romania.
For further information, please refer to the
Serinus website (www.serinusenergy.com) or contact the
following:
Serinus Energy
Inc.Calvin BrackmanVice President, External
Relations & StrategyTel.:
+1-403-264-8877cbrackman@serinusenergy.com |
Serinus Energy Inc.
Jeffrey AuldChief Executive OfficerTel.:
+1-403-264-8877 jauld@serinusenergy.com |
|
Translation: This news
release has been translated into Polish from the English
original.
Forward-looking Statements
This release may contain forward-looking statements made as
of the date of this announcement with respect to future activities
that either are not or may not be historical facts. Although the
Company believes that its expectations reflected in the
forward-looking statements are reasonable as of the date hereof,
any potential results suggested by such statements involve risk and
uncertainties and no assurance can be given that actual results
will be consistent with these forward-looking statements.
Various factors that could impair or prevent the Company from
completing the expected activities on its projects include that the
Company's projects experience technical and mechanical problems,
there are changes in product prices, failure to obtain regulatory
approvals, the state of the national or international monetary, oil
and gas, financial , political and economic markets in the
jurisdictions where the Company operates and other risks not
anticipated by the Company or disclosed in the Company's published
material. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks
and uncertainties and actual results may vary materially from those
expressed in the forward-looking statement. The Company undertakes
no obligation to revise or update any forward-looking statements in
this announcement to reflect events or circumstances after the date
of this announcement, unless required by law.
Semco (NYSE:SEN)
Historical Stock Chart
From May 2024 to Jun 2024
Semco (NYSE:SEN)
Historical Stock Chart
From Jun 2023 to Jun 2024