5 May 2016 11:25
5 May 2016
Ruspetro plc ("Ruspetro" or the "Company")
Result of Extraordinary General Meeting
London 5 May 2016: Ruspetro plc (LSE: RPO) held its Extraordinary General Meeting ("EGM") concerning the cancellation of the listing of its ordinary shares on the Official List, its re-registration as a private limited company and the adoption of new Articles of Association today, 5 May 2016, at White & Case LLP, 5 Old Broad Street, London EC2N 1DW. All resolutions proposed to the meeting were passed on a poll.
Accordingly, the Company has applied to the Financial Conduct Authority, in its capacity as United Kingdom Listing Authority, to cancel its ordinary shares of 10 pence each (ISIN code: GB00B4ZH7J18) (the "Ordinary Shares") on the premium segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities (the "Cancellation") with effect from (and including) 6 June 2016.
Resolution 1 was proposed as a special resolution of all shareholders and as an ordinary resolution of independent shareholders. Resolutions 2 and 3 were proposed as special resolutions of all shareholders. The full results of the poll are set out below:
Resolutions | Votes For | Votes Against | Votes Withheld | |||
Number | % | Number | % | |||
1 | To authorise the Directors to make the application for Cancellation* | 667,419,672 | 99.99 | 90,139 | 0.01 | 0 |
1 | To authorise the Directors to make the application for Cancellation** | 236,349,164 | 99.96 | 90,139 | 0.04 | 0 |
2 | Re-registration as a private limited company* | 667,419,672 | 99.99 | 90,139 | 0.01 | 0 |
3 | Adoption of new articles of association* | 667,419,672 | 99.99 | 90,139 | 0.01 | 0 |
* Special resolution of all shareholders
** Ordinary resolution of independent shareholders
The Company's registrar, Capita Asset Services, acted as scrutineer of the poll.
As at the date of the EGM, the Company had 870,112,016 Ordinary Shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 870,112,016. In accordance with the Company's Articles of Association, on a poll every member who is present in person or by proxy has one vote for every share held.
Note that a "vote withheld" is not a vote in law and have not been included in the calculation of votes "for" and "against" each resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.
In accordance with Listing Rule 9.6.2R, copies of the resolutions will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.
The full text of the resolutions passed at the EGM can be found set out in the Circular and Notice of EGM which is available for inspection at www.morningstar.co.uk/uk/NSM
As a result of the resolution to re-register the Company as a private limited company and in line with the proposed Board composition of the private limited company, as set out in the Circular and Notice of Meeting, the Directors have accepted the resignations of Mr Robert Jenkins, Mr Frank Monstrey and Mr Maurice Dijols with immediate effect. The Board of Directors and the entire Company would like to thank the resigning Directors for their services to Ruspetro plc.
ENQUIRIES:
Ruspetro plc
John Conlin, Chief Executive Officer +44 (0) 207 318 1630
Alexander Betsky, Finance Director +44 (0) 207 318 1630
Dominic Manley, Investor Relations +44 (0) 207 318 1630
FTI Consulting
Ben Brewerton, George Parker +44 (0) 203 727 1000
ABOUT RUSPETRO
Ruspetro plc is an independent oil & gas development and production company. The Company's operations are located on three contiguous licence blocks in the middle of the Krasnoleninsky Arch in Western Siberia.