Last checked at 3 Sep 2008 07:00
3 September 2008
ANZON ENERGY LIMITED (CODE: AEL)
Results of Scheme Meeting
AEL shareholders vote in favour of scheme of arrangement for merger with Roc Oil Company Limited
Anzon Energy Limited ("AEL" or "the Company") announces that AEL Shareholders today voted overwhelmingly in favour of the scheme of arrangement ("Scheme"), which subject to the further approval of the Federal Court of Australia, will result in the merger between AEL and Roc Oil Company Limited (ASX & AIM: ROC) previously announced on 16 June 2008.
Results of Scheme Meeting
The resolution to approve the Scheme was passed at today's Scheme Meeting by the following majorities:
99.92% of votes cast in favour of the resolution; and
98.7% of the number of shareholders voting (either in person or by proxy) in favour of the resolution.
These results exceed the majorities required for the purposes of the Corporations Act.
The votes cast on the resolution put to a poll at the Scheme Meeting were as follows:
| For | Against | Abstain | |
| By votes | 76,781,169 | 60,351 | 0 |
| By shareholders | 152 | 2 | 0 |
Details of valid proxies that were received by AEL were as follows:
| For | Against | Open | Abstain |
| 132 | 2 | 19 | 0 |
Second Court Hearing
A hearing before the Federal Court of Australia to approve the Scheme is scheduled to be held at 10.15am on Friday, 5 September 2008. The Company will make a further announcement following consideration of the Scheme by the Court.
An indicative timetable for the remaining steps to implement the Scheme is set out below.
| Court hearing for approval of the Scheme | 5 September 2008 |
| Effective Date of the Scheme | 8 September 2008 |
| New ROC Shares commence trading on ASX on a deferred settlement basis | 9 September 2008 |
| Record Date for determining entitlements to the Scheme Consideration | 7.00pm on 15 September 2008 |
| Implementation Date for the Scheme | 22 September 2008 |
| Expected date for despatch of holding statements for New ROC Shares to Scheme Shareholders, which will in any event be despatched within 5 Business Days after Implementation Date | 22 September 2008 |
| Commencement of normal trading of New ROC Shares on ASX | 23 September 2008 |
All dates and times are Sydney, Australia times and are indicative only. Any changes to the above timetable will be announced to AIM and available on the Company's website www.anzonenergy.com.
Capitalised terms used in this announcement have the same meaning as set out in the Scheme Booklet dated 30 July 2008 (unless indicated otherwise).
For further information please contact:
Anzon Energy Limited: Mr Tony Strasser +61 2 9024 3555
Grant Thornton UK LLP: Fiona Owen +44 20 7383 5100