RE: Who gives10 Jun 2025 15:53
Rns out
Pennpetro (LSE: PPP) confirms that a General Meeting of shareholders will be held on 3 July 2025 at 11:00 a.m. at 6 Babmaes Street, London, SW1Y 6HD.
Pursuant to historical arrangements announced to shareholders of the Company on 28 March 2023 and 12 July 2023 and subsequent contributions by shareholders of the Company, the Company placed 62,633,333 existing and to be issued ordinary shares of £0.01 in the capital of the Company ("Ordinary Shares") contributed by then existing shareholders, and a lender who was due to be issued with Ordinary Shares in lieu of a debt owed to them.
The General Meeting is being called to obtain authority to issue these new Ordinary Shares. An application will be made for admission of the new Ordinary Shares to listing following the Company's Ordinary Shares return from suspension.
Copies of the General Meeting Notice and Form of Proxy will be sent to all shareholders.
-ENDS-