We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Frontier Res. | LSE:FRI | London | Ordinary Share | GB00B3K9ML24 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.045 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMFRI
RNS Number : 9432S
Frontier Resources International
22 March 2016
For immediate release
22 March 2016
Frontier Resources International Plc
("Frontier" or the "Company")
Result of General Meeting
Disposal of Frontier Oman Resources Limited ("Frontier Oman") and
Frontier Resources International Inc ("FRII")
The Board of Frontier (AIM Ticker: FRI) announces that the resolutions to authorise the disposal of Frontier Oman (which holds the Group's oil exploration interests in Oman) and its entire interest in FRII, which provides administrative and technical support to the Group's oil projects, were unanimously approved at the General Meeting of the Company held earlier today.
Completion of the disposal will take place tomorrow following which, the Company will cease to own, control or conduct all, or substantially all, of its existing trading business, activities or assets and therefore become an AIM Rule 15 cash shell, pursuant to which it must make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 (including seeking re-admission as an Investing Company (as defined under the AIM Rules)) within six months, failing which the Exchange will suspend trading in the Ordinary Shares pursuant to AIM Rule 40.
As previously announced, the Board's strategy is to identify a suitable acquisition or acquisitions in a new sector, which will satisfy the requirements of AIM Rule 15.
Enquiries:
Frontier Resources International Plc Tel: +44 (0) 7785 Adam Reynolds, Chairman 908158 Beaumont Cornish (Nomad) Michael Cornish Tel: +44 (0)20 7628 Emily Staples 3396 Beaufort Securities Limited (Broker) Tel: +44 (0)20 7382 Jon Belliss 8300
A copy of this announcement is available from the Company's website www.friplc.com
Defined terms in this announcement have the same meaning as set out in the Company's announcement dated 3 March 2016
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMSEWFIEFMSEED
(END) Dow Jones Newswires
March 22, 2016 11:30 ET (15:30 GMT)
1 Year Frontier Res. Chart |
1 Month Frontier Res. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
