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30 Sep 2009 09:58
30 September 2009
GEM Biofuels Plc
("GEM" or the "Company")
Result of Annual General Meeting
GEM Biofuels Plc (AIM: GBF) the emerging feedstock supplier to the global biodiesel industry, announces that at the Company's AGM, held yesterday, all resolutions proposed were duly passed with the exception of item 4 on the agenda which was withdrawn following the resignation of FB Tiller and AW Broadhurst prior to the date of the meeting, as already announced by the Company.
Enquiries:
|
GEM Biofuels Plc |
Shore Capital and Corporate Limited |
Walbrook PR Ltd |
|
Paul Benetti Chief Executive Officer |
Dru Danford / Stephane Auton |
Louise Goodeve/ Leah Kramer |
|
+61 (0) 8 6365 3038 / +61 (0) 407 039 379 (mobile) |
+44 (0) 20 7408 4090 |
T: +44 (0) 20 7933 8780 |
NOTES TO EDITORS
About GEM BioFuels
GEM BioFuels was founded in 2004 to capitalise on the opportunity presented by the local agricultural and socio-economic conditions in Madagascar to produce Jatropha oil for use as a biodiesel feedstock. Operations are based in the South of the island where the Jatropha tree grows wild.
The Company has secured 50 year agreements giving exclusive rights over 452,500 hectares (in excess of 1 million acres) to establish plantations, ranging in size from 2,500 - 50,000 hectares with a further 40,000 hectares of natural forest containing substantial numbers of mature Jatropha trees.
GEM BioFuels Plc was admitted to trading on AIM in October 2007.
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