Nostra Terra Oil & Gas Company PLC Result of General Meeting (7870M)
May 13 2020 - 06:21AM
UK Regulatory
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
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