Result of EGM

15 Oct 2009 11:51

PetroNeft Resources plc ("PetroNeft" or the "Company")

Result of Extraordinary General Meeting

The board of PetroNeft is pleased to announce that the resolution proposed to shareholders at the Company's extraordinary general meeting held in Dublin today was duly passed. 

As a result, the placing announced on 21 September 2009, raising approximately US$27.5 million, has now been completed, subject only to admission of the second tranche placing shares to trading on AIM and IEX.  Application has been made to the London Stock Exchange and the Irish Stock Exchange for the second tranche placing shares, consisting of 97,717,906 ordinary shares, to be admitted to trading on AIM and IEX respectively. Admission of such ordinary shares is expected to occur on Friday 16 October 2008.

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