19 Nov 2015 07:00
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas
For immediate release 19 November 2015
New World Oil and Gas Plc ("New World'" or "the Company")
Result of Annual General Meeting
Board Changes
Further to the announcement of 17 November 2015, New World Oil and Gas Plc, an oil and gas operating company, is pleased to announce that at its Annual General Meeting ("AGM") held on that date, all the Resolutions were passed on a poll as follows:
Resolutions | Votes for | % | Votes against | % | Votes total | % of ISC* voted | Votes withheld |
1 | 1,302,169,745 | 99.98 | 308,621 | 0.02 | 1,302,478,366 | 28.37 | 2,071,512 |
2 | 1,300,749,745 | 99.87 | 1,728,621 | 0.13 | 1,302,478,366 | 28.37 | 0 |
4 | 1,105,633,631 | 93.37 | 70,995,497 | 6.03 | 1,176,629,128 | 25.63 | 24,004,705 |
5 | 994,146,254 | 95.79 | 43,733,103 | 4.21 | 1,037,879,357 | 22.60 | 162,754,476 |
* "ISC" - issued share capital
Accordingly Nicholas Lee and Adam Reynolds have been elected as directors of the Company with immediate effect. Information set out on Messrs. Lee and Reynolds as required under the AIM Rules are set out at Appendix 1 to this announcement.
New World Non-Executive Chairman Christopher Einchcomb said, "I would like to take this opportunity to welcome Nicholas and Adam as directors of the Company, and look forward to working with them going forward".
**ENDS**
Enquiries: | ||
Georges Sztyk | New World Oil and Gas Plc | Tel: +1 646 407 9946 |
Roland Cornish | Beaumont Cornish Limited (Nomad) | Tel: +44 (0) 20 7628 3396 |
Felicity Geidt | Beaumont Cornish Limited (Nomad) | Tel: +44 (0) 20 7628 3396 |
Lottie Brocklehurst | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Frank Buhagiar | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Nicholas Bealer | Cornhill Capital Limited (Broker) | Tel: +44 (0) 20 7710 9612 |
Andrew Frangos | Cornhill Capital Limited (Broker) | Tel: +44 (0) 20 7710 9611 |
APPENDIX I
The following information is disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies:
Nicholas Lee, aged 52
Current:
| Past: |
JL Services Limited | Sweet China Limited |
London Capital Group Holdings plc | Gardener Holdings (Kent) Limited |
Noble Tree Property Investment Limited | Brady Exploration plc (now known as Metal Tiger plc) |
Boustead Agriculture Limited | Centurion Resources plc (now known as Finnaust Mining plc) |
Paternoster Resources plc | Paragon Diamonds plc |
ACL Capital Limited | Novus Capital Markets Limited |
MX Oil plc | Leed Resources plc |
Atlas Oil and Gas Limited | Plutus Resources plc (now known as Plutus Powergen plc) |
Chiswick School | Paternoster Resources Limited (now known as Viridas Limited) |
Adam Reynolds, aged 53
Current:
| Past: |
Ocutec Eyecare Limited | Bcomp 415 Limited |
Premaitha Health plc | Biolustre UK Ltd |
Optibiotix Health plc | Wallgate Group plc |
Autoclenz Group Limited | Wilton International Marketing Limited |
Hubco Investments plc | Alan Bailey (Studios) Limited |
Reyco Limited | Hansard Corporate Limited |
Medavinci Gold Limited | Chalton Consulting Limited |
Emotion Fitness Limited | React Group plc |
Orogen Gold plc | Hub Capital Partners Limited |
Boldwood Limited | Velvet Consultancy Ltd |
EKF Diagnostics Holdings plc | Porta Communications Plc |
Autoclenz Holdings Limited | Diablo Consulting Limited |
Bcomp 429 Limited | |
Venn Life Sciences Holdings plc | |
Bcomp 416 Limited | |
Autoclenz Group Limited |
Nicholas Lee is Chairman of Paternoster Resources plc ("Paternoster") and holds 4,600,000 ordinary shares or 0.68% of that company's issued share capital. Paternoster holds 366,618,383 ordinary shares in New World or 8.0% of the Company's issued share capital.
Wallgate Group plc
Mr Reynolds was appointed as a director of Wallgate Group plc on 3 July 2008 and resigned on 28 November 2008. Wallgate Group plc was put into administration on 12 December 2008 and became subject to creditors' voluntary liquidation on 15 December 2009. The liquidator's statement of receipts of payments to 25 February 2011 showed a creditor shortfall of £419,782.12.Wallgate Group plc was subsequently dissolved on 1 June 2011.
Greenhills plc
Mr Reynolds was appointed as a director of Greenhills plc on 22 December 1994. He resigned on 24 January 1996. Greenhills plc was put into receivership on 8 August 1996, and an order to wind up was made on 19 February 1997. The receiver's abstract of receipts and payments to 6 July 1998 showed a creditor shortfall of £216,877.32. Greenhills plc was subsequently dissolved on 2 January 2001.
Wilton International Marketing Limited
Mr Reynolds was appointed as a director of Wilton International Marketing Limited on 10 June 2005. Wilton International Marketing Limited was put into voluntary liquidation on 14 October 2013 and was subsequently dissolved on 1 August 2014 with no shortfall to creditors.
There is no further information to be disclosed in relation to either Adam Reynolds or Nicholas Lee pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.