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11 Mar 2016 18:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
11 March 2016
MADAGASCAR OIL LIMITED
("Madagascar Oil" or the "Company")
Posting of Circular
Madagascar Oil announces that, further to its announcement of 9 March 2016, it is today posting to Shareholders a circular (the "Circular") including notice of a Special General Meeting to be held at the offices of Watson Farley & Williams, 15 Appold Street, London, EC2A 2HB at 11.00 a.m. on 31 March 2016 (the "SGM Notice") (the "Special General Meeting") to propose resolutions to approve the Delisting and the adoption of new Bye-Laws (together the "Resolutions").
Further details of the Resolutions are set out in the Circular and the SGM Notice and an electronic copy of both will be available on the Company's website at www.madagascaroil.com.
The expected timetable of principal events relating to the proposed Delisting is set out below.
| 2016
|
Latest date by which the Other Major Shareholders may elect to participate in the Tranche 1 Placing
| 13 March |
Latest time and date for receipt of Forms of Instruction in respect of the Special General Meeting
| 9.00 a.m. on 29 March |
Record Date and latest time and date for receipt of Forms of Proxy in respect of the Special General Meeting
| 11.00 a.m. on 29 March |
Special General Meeting
| 11.00 a.m. on 31 March |
Last day of dealings on AIM in the Common Shares, subject to the passing of the Resolutions
| 7 April |
Cancellation of the admission to trading on AIM of the Common Shares expected to be effective, subject to the passing of the Resolutions | 7.00 a.m. on 8 April |
All capitalised terms used herein shall have the same meaning, unless stated or the context requires otherwise, as given to them in the Circular.
Contact Information:
Robert Estill - Chief Executive Officer Stewart Ahmed - Chief Operating Officer Gordon Stein - Chief Financial Officer | +44 (0) 20 3356 2731 |
Strand Hanson Limited - Nominated & Financial Adviser Stuart Faulkner Angela Hallett James Dance |
+44 (0) 20 7409 3494 |
Jefferies International Limited - Strategic Advisor Richard Kent
|
+44 (0) 20 7029 8102
|
VSA Capital Limited - Joint broker Andrew Monk Andrew Raca Justin McKeegan | +44 (0) 20 3005 5000 |
Mirabaud Securities LLP - Joint broker Rory Scott | +44 (0) 20 7878 3360 |
Camarco - PR Billy Clegg Georgia Mann | +44 (0) 20 3757 4980
|
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