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General Meeting Result and Capital Reorganisation

6 Jan 2016 11:32

RNS Number : 0148L
Frontier Resources International
06 January 2016
 

For immediate release

 

6 January 2016

 

Frontier Resources International Plc

("Frontier" or the "Company")

Result of General Meeting

Capital Reorganisation

 

The Board of Frontier announces that the resolution pertaining to proposals for the subdivision and redesignation of the existing ordinary shares ("Existing Ordinary Shares") and the adoption of new articles of association (the "Reorganisation") was passed.

The Reorganisation comprises a subdivision of each Existing Ordinary Share into one new ordinary share of 0.01p each ("New Ordinary Share") and one deferred share ("A Deferred Share") and the adoption of the new articles of association ("New Articles").

The New Ordinary Shares will have the same rights as those currently accruing to the Existing Ordinary Shares under the existing articles of association, including those relating to voting and entitlement to dividends. No new share certificates will be issued to existing shareholders, and their existing share certificates for the same quantity of shares will remain as valid cover.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and, it is expected that admission will become effective at 8.00 a.m. on 7 January 2016. There are 361,999,056 New Ordinary Shares in issue following completion of the Reorganisation.

 

Enquiries:

 

Frontier Resources International Plc

Jack Keyes, Chief Executive Officer

 

 

Tel: +1 (281) 920 0061

 

 

Beaumont Cornish (Nomad)

Michael Cornish

Roland Cornish

 

Tel: +44 (0)20 7628 3396

 

Beaufort Securities Limited (Broker)

Zoe Alexander

 

 

Tel: +44 (0)20 7382 8300

 

A copy of this announcement is available from the Company's website www.friplc.com

 

 

ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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