18 Sep 2015 15:10
18 September 2015
PetroNeft Resources plc
("PetroNeft" or the "Company")
Annual General Meeting
The 2015 Annual General Meeting of the Company was held in Dublin earlier today. Resolutions 1, 2, 4, 7 and 8 were duly approved by shareholders by way of show of hands.
With the agreement of the meeting resolution 3 was withdrawn due to the retirement of Mr. Sobraliev as announced earlier today.
Resolutions 5 and 6 relate to the Boards ability to allot shares and to disapply pre-emption rights in certain limited circumstances. Both were proposed as special resolutions which require approval of shareholders representing not less than 75% of votes cast. While both resolutions 5 and 6 were approved by shareholders by way of show of hands, the Chairman advised the meeting that because of the number of proxies received the resolutions would not achieve a sufficient majority if a poll was called. With the agreement of the meeting the Chairman declared that resolutions 5 and 6 were not carried without the need for a formal poll.
A new shareholder presentation has been uploaded to the Company website at: www.petroneft.com/investor-relations/presentations/
For further information, contact:
Dennis Francis, CEO, PetroNeft Resources plc | +353 1 443 3720 |
Paul Dowling, CFO, PetroNeft Resources plc | +353 1 443 3720 |
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)
| +353 1 679 6363 |
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)
| +44 207 523 8000 |
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson | +44 207 638 9571 |
Joe Murray/Joe Heron, Murray Consultants | +353 1 498 0300 |