Baron Oil Regulatory News (BOIL)

26 June 2020

Baron Oil Plc

("Baron Oil", "Baron" or "the Company")

Update to Annual General Meeting ("AGM")

The Corporate Insolvency and Governance Act 2020 ("the "Act") received Royal Assent and passed into law today. The Act introduces temporary relaxations to enable companies to hold AGMs and other meetings in a manner consistent with their constitutional arrangements and existing UK Government restrictions due to COVID-19. In particular, the Act provides, amongst other matters, that where a meeting is held during the period beginning on 26 March 2020 and ending on 30 September 2020, the meeting need not be held at any particular place, the meeting may be held by electronic means or any other means and shareholders "do not have a right (a) to attend the meeting in person, (b) to participate in the meeting other than by voting, or (c) to vote by particular means".

Accordingly, Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and production company focused on opportunities in SE Asia, Latin America and the UK, has decided to hold its 2020 Annual General Meeting ("AGM") by electronic means.

As previously announced, the meeting itself will be held at 1.00 p.m. on 29 June 2020 with the minimum number of shareholders in attendance to form a quorum but it will be held by electronic means, rather than physically at 200 Strand, London WC2R 1DJ. The business at the AGM will be confined to the formal business only, it is a closed meeting and it will not be broadcast. 

However, it is the Company's intention to release an AGM update in advance of the meeting on Monday 29 June. 

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