Last checked at 22 Aug 2014 12:00
Aminex plc
("Aminex" or "the Company")
RESULT OF EGM
Shareholders approve the disposal of Aminex USA Inc.
The Board of Aminex, an independent oil and gas company premium-listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange with activities focused in Tanzania, announces that at the Company's Extraordinary General Meeting ("EGM") held earlier today, all resolutions were duly passed.
The full text of the resolution, which was to approve the proposed disposal of Aminex USA, Inc. (the "Disposal"), was included in the notice EGM circulated to shareholders on 6 August 2014. The Disposal is now unconditional.
Details of the resolutions together with the poll results from the meeting will shortly be available on the Company's website: www.aminex-plc.com/Investors/Published Information.
Commenting, Aminex Chief Executive Jay Bhattacherjee said:
"As previously reported, today's non-core disposal will allow the Company to pay down part of its loan facility and creates flexibility for working capital which can be focused on Tanzania. First gas production from Kiliwani North is anticipated to begin in early 2015 and shareholders can expect further news of the new seismic programme at our Ntorya-1 discovery before October".
For further information:
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Aminex PLC | +44 20 7291 3100 |
Jay Bhattacherjee, Chief Executive Officer | |
Max Williams, Chief Financial Officer
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Corporate Brokers | |
Shore Capital Stockbrokers-Jerry Keen | +44 20 7408 4090 |
Davy Corporate Finance-Brian Garrahy | +35 3 1679 7788 |
GMP Securities Europe LLP-Rob Collins
| +44 20 7647 2816 |
Yellow Jersey PR (Financial PR) | +44 7768 537 739 |
Dominic Barretto/Kelsey Traynor
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