19 Jun 2008 07:00
For immediate release 19 June 2008
SIRIUS EXPLORATION Plc("the Company" or "Sirius Exploration") Results of Annual General Meeting ("AGM")
To clarify, the Company sets out below the resolutions that were put to Shareholders and duly passed at the AGM of the Company held on 12 June 2008:
Ordinary Business
1. To consider the Company's accounts and reports of the directors and auditors for the year ended 31 March 2007.
2. To re-elect Jonathan Harrison as a Director of the Company.
3. To re-elect Michael Raymond Mainelli as a Director of the Company.
4. To re-appoint Nexia Smith & Williamson as auditors of the Company.
5. To authorise the directors to fix the remuneration of the Auditors.
Special Business
To consider and if thought fit, pass the following resolutions of which resolutions 6, 7, 8 and 9 will be proposed as ordinary resolutions and resolution 10 as a special resolution.
6. That the share capital of the Company be increased from ‚£600,000 to ‚£ 1,250,000 by the creation of 260,000,000 Ordinary Shares of ‚£0.0025 each. Such shares to rank pari passu in all respects with the existing Ordinary Shares of the Company.
7. That a new Executive Management Incentive Share Option Scheme, the principal purpose of which is summarised in Chairman's letter to shareholders and the rules of which are produced to the meeting and signed for the purposes of identification by the Chairman, be and is hereby approved and that the Directors be authorised to do all acts and things which they consider necessary or expedient for the purposes of carrying the same into effect.
8. That a new General Share Option Scheme, the principal purpose of which is summarised in Chairman's letter to shareholders and the rules of which are produced to the meeting and signed for the purposes of identification by the Chairman, be and is hereby approved and that the Directors be authorised to do all acts and things which they consider necessary or expedient for the purposes of carrying the same into effect.
9. That the authority conferred on the Directors to allot shares by Article 5.2 and pursuant to Section 80 of the Companies Act 1985 be and is hereby renewed and shall expire on the fifth anniversary of the day preceding the date of this Annual General Meeting. The maximum number of shares that may be allotted by the Directors shall be the total number of shares which, at the time when the allotment is made, have not already been allotted.
10. That, in accordance with Article 5.3 the directors be empowered to allot equity securities for cash within section 94(3A) of the Companies Act 1985 as if section 89(1) of the Companies Act 1985 did not apply and that the Section 89 amount shall be ‚£383,110.73. This authority shall expire on the fifth anniversary of the day preceding the date of this Annual General Meeting.
A copy of the Notice can be viewed on the website www.siriusexploration.com
ENDS
For further information, please contact: Sirius Exploration Plc Richard Poulden (Chairman) Mobile: 07879 447 601 richard.poulden@siriusexploration.com Jonathan Harrison (Financial Director) Mobile: 07879 887 755 Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
vendor