Petrel Resources PLC Notice of Extraordinary General Meeting (6710M)
25 1월 2021 - 4:00PM
UK Regulatory
TIDMPET
RNS Number : 6710M
Petrel Resources PLC
25 January 2021
25(th) January 2021
Petrel Resources plc
("Petrel" or "the Company")
Notice of extraordinary general meeting
An extraordinary general meeting of the Company will be held at
162 Clontarf Road, Dublin 3 on 23(rd) February 2021 at 11 a.m. (the
"EGM").
The business of the EGM will be to consider and, if thought fit,
approve certain resolutions which are necessary to ensure shares in
the Company can continue to be settled electronically when they are
traded on AIM and further remain eligible for continued admission
to trading and listing on AIM. This change is a consequence of the
end of the transition period following the United Kingdom's
departure from the European Union ("Brexit") and will not alter
where Petrel Resources shares are listed or traded. The change
affects all Irish companies whose securities are listed and traded
in London.
Background to the EGM
The resolutions proposed for the EGM are to ensure the Company's
shares will continue to trade on AIM in London.
As a consequence of Brexit, the settlement system relating to
trading in the Company's shares needs to move from CREST in London
to Euroclear Bank in Belgium ("Migration"). Migration is expected
to occur on 15 March 2021.
There is no meaningful alternative to Migration and failure to
migrate would remove the Company's access to electronic trade
settlement. This would seriously risk the Company's ability to
retain admission of its shares to trading on AIM and, importantly,
a market for its ordinary shares. Therefore, the board is asking
all shareholders to support the resolutions proposed for the EGM by
voting in favour of all the resolutions being proposed at the EGM
or appointing a proxy to do so on their behalf.
A circular, which includes the notice of the EGM (the
"Circular"), and a form of proxy will be posted to shareholders
today. The Board strongly urges shareholders to review the contents
of the Circular in their entirety, including the documents referred
to therein, and consider the Board's recommendation to vote in
favour of the resolutions being proposed at the EGM.
In economic terms, shareholders' interest in their shares is
largely unaffected by Migration but there are some technical
changes to how their interest is held and therefore shareholders
are recommended to read the Circular.
The Circular, the form of proxy and copies of the documents
referred to in the Circular are available to view on the Company's
website www.petrelresources.com, and will be available for
inspection during normal business hours on any business day from
the date of this letter until the EGM at the registered office of
the Company at 162 Clontarf Road, Dublin 3, Ireland. However, due
to Covid-19 public health guidelines, shareholders are advised to
view the documents on the website.
Public Health Guidelines and the EGM
The well-being of shareholders and employees is a primary
concern for the Board. The Board is closely monitoring the COVID-19
situation and will take all recommendations and applicable law into
account in the conduct of the EGM. There will likely be very
limited ability to attend the EGM in person and the Board therefore
strongly encourages shareholders to appoint the chairman of the EGM
as a proxy by submitting a proxy form not less than 48 hours before
the time appointed for the EGM or any adjournment thereof, in order
to ensure they can exercise their vote and be represented at the
EGM without attending in person.
Proxy forms can be submitted in advance of the EGM by availing
of one of the options set out in the notice of the EGM:
(i) by post or by hand to the Company's registrar, Computershare
Investor Services (Ireland) Limited, 3100 Lake Drive, Citywest
Business Campus, Dublin 24, D24 AK82, Ireland;
(ii) electronically by accessing www.eproxyappointment.com ; or
(iii) via the CREST System, where shares are held in CREST.
Any relevant updates regarding the EGM, including any changes to
the arrangements outlined in the Circular, will be announced via a
Regulatory Information Service and will be available on
www.petrelresources.com .
In the event that it is not possible to hold the EGM either in
compliance with public health guidelines or applicable law or where
it is otherwise considered that proceeding with the EGM as planned
poses an unacceptable health and safety risk, the EGM may be
adjourned or postponed or relocated to a different time and/or
venue, in which case notification of such adjournment or
postponement or relocation will be given in accordance with
applicable law.
Ends
For further information please visit
http://www.petrelresources.com/ or contact:
Enquiries:
Petrel Resources
John Teeling, Chairman +353 (0) 1 833 2833
David Horgan, Director
Nominated Adviser and Broker
Beaumont Cornish - Nominated Adviser
Roland Cornish
Felicity Geidt +44 (0) 020 7628 3396
Novum Securities Limited - Broker
Colin Rowbury +44 (0) 20 399 9400
Blytheweigh - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Madeleine Gordon-Foxwell +44 (0) 207 138 3208
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Ross Murphy +353 (0) 1 661 4055
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END
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(END) Dow Jones Newswires
January 25, 2021 02:00 ET (07:00 GMT)
Petrel Resources (AQSE:PET.GB)
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부터 11월(11) 2024 으로 12월(12) 2024
Petrel Resources (AQSE:PET.GB)
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부터 12월(12) 2023 으로 12월(12) 2024
