TIDMNTOG

RNS Number : 7870M

Nostra Terra Oil & Gas Company PLC

13 May 2020

13 May 2020

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Result of General Meeting

Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce that of the Resolutions put to shareholders at the Company's General Meeting, held earlier today, Resolution 1 was not passed and Resolutions 2 and 3 were passed.

For further information on the Resolutions, please refer to the Company's circular to shareholders dated 17 April 2020 (the "Circular").

Pursuant to the passing of Resolutions 2 and 3, the Company now has the authority to issue new ordinary shares in connection with any potential future exercise of the Fundraise Warrants (as defined in the Circular).

A poll was taken at the meeting and the results for each Resolution, which overall were in line with the Directors' recommendations (as set out in the Circular), were as follows:

 
 RESOLUTION          NUMBER              %      NUMBER             %      TOTAL         VOTES 
                      OF VOTES                   OF VOTES                  VOTES         WITHHELD 
                      FOR (including             AGAINST                   CAST 
                      discretionary              (including 
                      votes)                     discretionary 
                                                 votes) 
 ORDINARY RESOLUTIONS 
                                                                         ------------  ---------- 
 Resolution 
  1. 
  REMOVE MATTHEW 
  LOFGRAN AS 
  A DIRECTOR         41,696,790        20.68%   159,970,910      79.32%   201,667,700   29,927 
                    ----------------  -------  ---------------  -------  ------------  ---------- 
 Resolution 
  2. 
  AUTHORITY TO 
  ALLOT SHARES       168,013,748       83.31%   33,657,296       16.69%   201,671,044   26,583 
                    ----------------  -------  ---------------  -------  ------------  ---------- 
 SPECIAL RESOLUTION 
                                                                         ------------  ---------- 
 Resolution 
  3. 
  DIS-APPLICATION 
  OF PRE-EMP 
  RIGHTS             168,361,545       83.48%   33,316,846       16.52%   201,678,391   19,236 
                    ----------------  -------  ---------------  -------  ------------  ---------- 
 

Any vote that provided the Chairman discretion has been voted in line with the Directors' recommendations.

A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For further information, contact:

 
 Nostra Terra Oil and Gas Company 
  plc 
  Matt Lofgran, CEO                   Email:    +1 480 993 8933 
 Strand Hanson Limited 
  (Nominated & Financial Adviser 
  and Joint Broker) 
  Rory Murphy / Ritchie Balmer / 
  Jack Botros                         Tel:      +44 (0) 20 7409 3494 
 Novum Securities Limited (Joint 
  Broker) 
  Jon Belliss 
                                      Tel:      +44 (0) 207 399 9425 
  Lionsgate Communications (Public 
  Relations) 
  Jonathan Charles                     Tel:      +44 (0) 7791 892509 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMFLFLIEAIVLII

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May 13, 2020 06:21 ET (10:21 GMT)

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