7 Jun 2011 07:28
Date: 7 June 2011
SeaEnergy PLC
("SeaEnergy" or the "Company")
Posting of Circular and Notice of General Meeting
Following the announcement by the Company on 6 June 2011 regarding the conditional agreement for disposal of SeaEnergy Renewables Limited, SeaEnergy PLC is pleased to announce that on 6 June 2011 it posted a circular to shareholders convening a general meeting to be held at 9 a.m. on 22 June 2011 at the offices of Ambrian Partners Limited, Old Change House, 128 Queen Victoria Street, London EC4V 4BJ.
The circular sets out the background to and reasons for the Disposal, explains why the Board considers that the Disposal is in the best interests of the Company and its Shareholders as a whole and details the resolution to be proposed at the General Meeting.
The Board unanimously recommends that all shareholders vote in favour of the resolution to be proposed at the General Meeting as the Company's directors have irrevocably undertaken to do so in respect of the shareholdings in which they are interested, amounting to 13,178,080 Ordinary Shares, representing approximately 19.1 per cent of the Company's issued share capital.
A copy of the circular is also available from the Company's website at www.seaenergy-plc.com
Defined terms in this announcement have the same meaning as those defined in the announcement made by the Company on 6 June 2011 at 07:00.
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For further information contact:
SeaEnergy PLC +44 1224 748480
Chris Moar - Finance Director
Ambrian Partners Limited - NOMAD & Broker +44 20 7634 4700
Andrew Craig, Ben Wright
Kreab Gavin Anderson +44 20 7074 1800
Kate Hill, Ken Cronin, Andrew Jones
www.seaeenergy-plc.com