Result of General Meeting
September 24 2009 - 8:28AM
UK Regulatory
TIDMROS
RNS Number : 6186Z
Ramco Energy PLC
24 September 2009
Ramco Energy plc ("Ramco" or "the Company")
Result of General Meeting
Further to the announcement made on 7 September 2009, the Company is pleased to
announce that at the general meeting ("GM") held earlier today, the change of
name to SeaEnergy PLC was approved by shareholders.
It is expected that the change of name will become effective on the AIM market
of the London Stock Exchange ("AIM") on or around 25 September 2009, and the
Company's Ordinary Shares will trade under the new ticker code 'SEA'. From
tomorrow the Company's new website address will be www.seaenergy-plc.com and the
information required by Rule 26 of the AIM Rules for Companies (February 2007)
will be available at www.seaenergy-plc.com/AIM.html.
The Company also announces that at today's GM, shareholders approved the
allotment of 5,100,000 New Ordinary Shares to Lanstead, at a placing price of
55p. Application has been made for the admission of these shares, dealings in
which are expected to commence on 1 October 2009, and following admission there
will be 68,089,279 Ordinary Shares in issue.
All of the other resolutions proposed at today's GM were also approved by
shareholders.
Board Changes
Following the approval by shareholders of the Company's change of name and as
set out in the announcement on 7 September 2009, in recognition of the
repurposing of the Group as a renewable energy pure-play, David Sigsworth and
John Aldersey- Williams, both currently Non-Executive Directors of the Company's
subsidiary SeaEnergy Renewables Limited ("SERL"), have now been appointed as
Non-Executive Directors of the Company. Joel Staadecker, CEO of SERL, has also
been appointed to the Board as an Executive Director. Concurrently, Stewart
Cumming and Mark Groves-Gidney have retired from the Board of the Company.
The biography of each of the Proposed Directors is set out in the announcement
on 7 September 2009.
The Board is now constituted as follows:
+-----------------------+------------------------------+
| Stephen Remp | Executive Chairman |
+-----------------------+------------------------------+
| Steven Bertram | Managing Director |
+-----------------------+------------------------------+
| Christopher Moar | Finance Director |
+-----------------------+------------------------------+
| Joel Staadecker | Executive Director-CEO of |
| | SERL |
+-----------------------+------------------------------+
| Steven Lampe | Non-Executive Director |
+-----------------------+------------------------------+
| David Sigsworth | Non-Executive Director |
+-----------------------+------------------------------+
| John | Non-Executive Director |
| Aldersey-Williams | |
+-----------------------+------------------------------+
Stephen Remp, Chairman of SeaEnergy PLC, said:
"We are delighted to welcome David and John to the Board where we think their
experience in the renewables industry, will prove invaluable to us as we move
forward.
On behalf of the Company, I would like to thank Stewart for his tremendous
contribution to Ramco and for the support he has provided to the Board over many
years. Similarly, we would like to thank Mark for his hard work and contribution
during his short term on the Board and wish them both all the best for the
future".
Defined terms in this announcement have the same meaning as those defined in the
announcement made by the Company on 7 September 2009.
For further information contact:
+------------------------------------+------------------------------------+
| SeaEnergy PLC | +44 1224 748480 |
+------------------------------------+------------------------------------+
| Stephen Remp - Executive Chairman | |
+------------------------------------+------------------------------------+
| Steven Bertram - Managing Director | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Ambrian Partners Limited | +44 207 634 4700 |
+------------------------------------+------------------------------------+
| Andrew Craig, Ben Wright - NOMAD | |
+------------------------------------+------------------------------------+
| Richard Swindells - Corporate | |
| Broking | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Kreab Gavin Anderson | +44 20 7074 1800 |
+------------------------------------+------------------------------------+
| Ken Cronin, Kate Hill, Charlotte | |
| Reeve | |
+------------------------------------+------------------------------------+
David Sigsworth, aged 63, is a director or has been a director of the following
companies during the previous five years:
+------------------------------------+---------------------------------------+
| Current Director | Director in the last 5 years |
+------------------------------------+---------------------------------------+
| Dundee Science Centre | ACM Catalyst Limited |
+------------------------------------+---------------------------------------+
| Energy Action Scotland | Advanced Signal Analysis Limited |
+------------------------------------+---------------------------------------+
| Flexitricity Limited | Combined Heat and Power Association |
+------------------------------------+---------------------------------------+
| Kirklands Consulting Limited | Electricity Association Services |
| | Limited |
+------------------------------------+---------------------------------------+
| Nitol Solar Limited | Keadby Construction Limited |
+------------------------------------+---------------------------------------+
| SeaEnergy Renewables Limited | Keadby Developments Limited |
+------------------------------------+---------------------------------------+
| Sensation Limited | Keadby Generation Limited |
+------------------------------------+---------------------------------------+
| Sigma Capital Group plc | Keadby Power Limited |
+------------------------------------+---------------------------------------+
| St Andrews Fuel Cells Limited | Livingstone Energy Limited |
+------------------------------------+---------------------------------------+
| Sustainability First | Medway Power Limited |
+------------------------------------+---------------------------------------+
| | Platin Power |
+------------------------------------+---------------------------------------+
| | Renewable Technology Ventures Limited |
+------------------------------------+---------------------------------------+
| | Scottish and Southern Energy plc |
+------------------------------------+---------------------------------------+
| | Scottish Electricity Settlements |
| | Limited |
+------------------------------------+---------------------------------------+
| | SE Energy Limited |
+------------------------------------+---------------------------------------+
| | Seabank Power Limited |
+------------------------------------+---------------------------------------+
| | Simple2 Limited |
+------------------------------------+---------------------------------------+
| | Solar Century Holdings Limited |
+------------------------------------+---------------------------------------+
| | Solent Sustainable Energy Limited |
+------------------------------------+---------------------------------------+
| | South Wales Electricity Limited |
+------------------------------------+---------------------------------------+
| | Southern Electric Gas Limited |
+------------------------------------+---------------------------------------+
| | SSE Energy Limited |
+------------------------------------+---------------------------------------+
| | SSE Energy Supply Limited |
+------------------------------------+---------------------------------------+
| | SSE Freight Limited |
+------------------------------------+---------------------------------------+
| | SSE Generation Limited |
+------------------------------------+---------------------------------------+
| | SSE Medway Operations Limited |
+------------------------------------+---------------------------------------+
| | SSE Power Limited |
+------------------------------------+---------------------------------------+
| | SSE Seabank Investments Limited |
+------------------------------------+---------------------------------------+
| | SSEPG (Operations) Limited |
+------------------------------------+---------------------------------------+
| | Swalec Gas Limited |
+------------------------------------+---------------------------------------+
John Hosmer Aldersey-Williams, aged 47, is a director or has been a director of
the following companies during the previous five years:
+------------------------------------+---------------------------------------+
| Current Director | Director in the last 5 years |
+------------------------------------+---------------------------------------+
| Reach Exploration Limited | Camcal Limited |
+------------------------------------+---------------------------------------+
| Redfield Consulting Limited | European Marine Energy Centre Limited |
+------------------------------------+---------------------------------------+
| SeaEnergy Renewables Limited | |
+------------------------------------+---------------------------------------+
Mr. Aldersey-Williams was a director of Camcal Limited ("Camcal") until November
2006. Camcal went into administration in December 2006, with net liabilities of
approximately GBP2 million. The administrator achieved a sale of Camcal's assets
(including its name), and ensured that the secured creditors fully recovered
their outstanding amounts. Unsecured creditors received nothing.
Mr. Aldersey-Williams, through Redfield Consulting Limited, is currently
interested in 47,816 Ordinary Shares.
Joel Bonnar Staadecker, aged 62, is a director or has been a director of the
following companies during the previous five years:
+-------------------------------------+-------------------------------------+
| Current Director | Director in the last 5 years |
+-------------------------------------+-------------------------------------+
| Allegiant Financial Group, Inc | None |
+-------------------------------------+-------------------------------------+
| SeaEnergy Renewables Limited | |
+-------------------------------------+-------------------------------------+
| SeaEnergy UK Round 3 Limited | |
+-------------------------------------+-------------------------------------+
Mr. Staadecker is currently interested in 62,500 Ordinary Shares.
Other than as set out above, there is no further information required to be
disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
-ENDS-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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