Bahamas Petroleum Company PLC Result of CERP Court and General Meeting (2018U)
July 27 2020 - 8:53AM
UK Regulatory
TIDMBPC
RNS Number : 2018U
Bahamas Petroleum Company PLC
27 July 2020
27 July 2020
Bahamas Petroleum Company plc
("BPC", "Bahamas Petroleum" or the "Company")
Result of CERP Court and General Meeting
Bahamas Petroleum, the oil and gas exploration company with
significant prospective resources in licences in The Commonwealth
of The Bahamas, is pleased to note that in connection with the
proposed merger with Columbus Energy Resources plc ("Columbus"),
the shareholder resolutions proposed at today's Court Meeting and
Columbus General Meeting have both been duly passed, by way of
poll, with the requisite majorities.
The outcome of today's Court Meeting and Columbus General
Meeting means that Conditions 2.1(a) and 2.1(b) (as set out in Part
III of the Scheme Document) have been satisfied. Completion of the
Merger remains subject to the satisfaction or, if applicable,
waiver of the other Conditions set out in Part III of the Scheme
Document, the Court sanctioning the Scheme at the Court Hearing and
the delivery of the Court Order to the Registrar of Companies.
The expected timetable of principal events for the
implementation of the Scheme remains as set out on page 13 of the
Scheme Document. If any of these dates and/or times change, a
further announcement will be made.
Defined terms used but not defined in this announcement have the
meaning given to them in the Scheme Document, a copy of which, is
available on the BPC website at www.bpcplc.com.
Simon Potter, Chief Executive Officer of Bahamas Petroleum
commented:
"I would like to thank the BPC and CERP shareholders for their
overwhelming support for the proposed merger and the new combined
entity, highlighted by the substantial vote percentage in favour at
each company's General Meeting. We acknowledge the confidence each
set of shareholders has shown in the forward plan for the creation
of shareholder value from the broader portfolio of the enlarged
asset base and for the strong endorsement of the management team to
carry it out ."
For further information, please contact:
Bahamas Petroleum Company plc Tel: +44 (0) 1624
Simon Potter, Chief Executive Officer 647 882
Strand Hanson Limited - Nomad Tel: +44 (0) 20
Rory Murphy / James Spinney / Jack Botros 7409 3494
Shore Capital Stockbrokers Limited Tel: +44 (0) 207
Jerry Keen / Toby Gibbs 408 4090
CAMARCO
Billy Clegg / James Crothers / Hugo Liddy
ENDS
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END
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