Last checked at 23 Mar 2011 12:11
Lansdowne Oil & Gas plc
Result of General Meeting
Lansdowne Oil & Gas plc (LSE: LOGP) (the "Company") announces that at a general meeting of its shareholders held today, the resolution proposed was duly passed by a show of hands.
The total number of proxy votes received for the resolution is set out below:
Resolution | For | Against |
To give the directors authority to allot shares up to an aggregate nominal amount of £1,000,000 | 36,935,997 | 1,484 |
Accordingly, the Company confirms that it has completed the placing of 20,000,000 new ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") (the "Placing Shares") with new and existing shareholders at a price of 25 pence per Placing Share (the "Issue Price"). In addition, the Company has converted loans outstanding to LC Capital Master Fund, Ltd and SeaEnergy PLC by the issue of 7,791,743 new Ordinary Shares (the "Loan Conversion Shares") at the Issue Price.
The Placing Shares and Loan Conversion Shares are expected to be admitted to trading on AIM tomorrow and the total number of issued Ordinary Shares is now 81,486,987.
Contacts
Lansdowne Oil & Gas plc | ||
Steve Boldy | Chief Executive Officer | +353 1 637 3934 |
Chris Moar | Finance Director | +44 1224 748480 |
finnCap | ||
Sarah Wharry | Corporate Finance | + 44 20 7220 0567 |