LGO Energy PLC Result of General Meeting, Capital Re-organisation (7696Y)
March 07 2017 - 9:23AM
UK Regulatory
TIDMLGO
RNS Number : 7696Y
LGO Energy PLC
07 March 2017
For Immediate Release
7 March 2017
LGO ENERGY PLC
("LGO" or the "Company")
Result of the General Meeting
Capital Re-organisation
Further to the announcement of 15 February 2017, the Company is
pleased to announce that at the Company's General Meeting held
earlier today all Resolutions were passed.
Resolution 1
The Articles of Association will be amended to create a new
class of Deferred Shares in order for the Company to re-organise
the share capital and reduce the number of ordinary shares in issue
whilst maintaining the nominal value per ordinary share of 0.05p
each.
Resolution 2
The number of ordinary shares in issue will be reduced by a
ratio of 20:1 (the "New Ordinary Shares") and the Deferred Shares
created as a result of this exercise will have no value.
Application has been made for the New Ordinary Shares of 0.05p
each to be admitted to trading on AIM ("Admission"). Admission is
expected to commence at 08.00 on 8 March 2017.
The New Ordinary Shares will have the ISIN: GB00BDGJ2R22
Resolution 3 and 4
The Directors are authorised to allot shares and grant rights to
subscribe for new ordinary shares up to an aggregate nominal amount
of GBP96,100, such authority to expire on the conclusion of the
Annual General Meeting to be held in 2018.
Resolution 5
The Company will have the option to use electronic
communications to send or supply documents or information to
members by making them available on a website or other electronic
means.
Enquiries:
LGO Energy plc +44 (0) 203 794 9230
Neil Ritson
Beaumont Cornish Limited +44(0) 20 7628 3396
Nomad
Rosalind Hill Abrahams
Roland Cornish
FirstEnergy Capital LLP +44(0) 20 7448 0200
Joint Broker
Jonathan Wright
David van Erp
Camarco +44 (0) 20 3757 4983
Public and Investor Relations
Billy Clegg
This information is provided by RNS
The company news service from the London Stock Exchange
END
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