Cloudbreak Regulatory News (CDL)

27 Mar 2007 12:53

Cardinal Resources plc27 March 2007 LONDON - 27 March 2007 Cardinal Resources plc (AIM:CDL) ("Cardinal" or "the Company"), an independentoil and gas production and exploration company operating in Ukraine, todayannounces that at the Extraordinary General Meeting of Cardinal held thismorning shareholders rejected both ordinary resolutions proposed by QVT Fund LP.Resolution one to remove Robert J. Bensh as Chairman and CEO of Cardinal wasrejected on a poll with 26,042,839 shares voting for the resolution,representing 30.36% of shares voted, and 59,729,356 shares voting against theresolution, representing 69.64% of the shares voted. Resolution two to electIgor Effimoff as a Director of Cardinal was rejected on a poll with 25,841,339shares voting for the resolution, representing 30.13% of the shares voted, and59,930,856 shares voting against the resolution, representing 69.87% of theshares voted. ### For further information please contact: Cardinal Resources Brunswick GroupCharles Green / Natalia Egorova Paul Scott+44 (0) 20 7936 5250 +44 (0) 20 7404 5959investor.relations@cardinal-uk.com cardinal@brunswickgroup.com Nominated AdviserNabarro Wells & Co. LimitedJohn Wilkes / Marc Cramsie+44 (0) 20 7710 7400cardinal@nabarro-wells.co.uk Notes to Editor Cardinal Resources plc Cardinal Resources plc is an independent oil and gas production and explorationcompany with assets in Ukraine. Cardinal is an experienced operator in thecountry focused on expanding its existing operations through the farm-in oracquisition of additional upstream oil and gas assets that can be furtherdeveloped through the application of modern technology and expertise. This information is provided by RNS The company news service from the London Stock Exchange EN