Gasol plc Result of General Meeting (9697L)

TIDMGAS

RNS Number : 9697L

Gasol plc

10 July 2014

Gasol plc

('Gasol' or the 'Company')

(AIM: GAS)

Results of General Meeting

Gasol announces that at theGeneral Meeting held this morning the resolution to cancel the admission to trading of the Company's Ordinary Shares on the AIM Market of the London Stock Exchange plc was approved by shareholders. The resolution, which was considered as a special resolution, was approved on a poll with 99.75% of votes in favour.

It is expected that trading in the Ordinary Shares of the Company on AIM will cease at close of business on Friday 18 July 2014 and cancellation of admission of its ordinary shares to trading on AIM will take effect on Monday 21 July 2014.

Ends

For further information, please contact:

 
 Gasol plc 
  Alan Buxton, Chief 
  Operating Officer            +44 (0) 20 
  www.gasolplc.com              7290 3300 
 Panmure Gordon (UK) 
  Limited 
  Dominic Morley (Corporate 
  Finance) 
  Callum Stewart (Corporate    +44 (0) 20 
  Finance)                      7886 2500 
  Adam Pollock (Corporate 
  Broking) 
 
  Yellow Jersey PR Limited 
  Dominic Barretto              +44 (0) 7799 
  Kelsey Traynor                003220 
 

Notes to Editors:

About Gasol plc

Gasol plc is an AIM listed gas to power company, organised in three divisions: Gasol Upstream, Gasol LNG Import and Gasol Power.

Gasol Upstream owns 47% of Afrique Energie Corporation ("AEC") and intends through its investment in AEC to acquire discovered gas reserves in its core geography of West Africa that require development as opposed to higher risk exploration opportunities.

Gasol LNG Import is developing two LNG Import Projects, in Benin and Malta:

(i) Benin: Power stations in West Africa currently operate predominantly on liquid fuels such as diesel, light crude and jet fuel, but many of these plants are also capable of using gas. Gasol LNG Import will initially supply these customers with gas from regasified Liquefied Natural Gas ("LNG"), which can provide significant cost savings in the order of 20 to 30 per cent. This involves the delivery of LNG to leased Floating Storage and Regasification Facilities which will be positioned in Cotonou harbour, Benin and will supply the regasified LNG into the West African Gas Pipeline. The Benin project utilises an underutilised asset, the West African Gas Pipeline, which is a 678km gas pipeline involving an investment of over US$1 billion, built to transport gas from Nigeria to Benin, Togo and Ghana. It has been operational since March 2011, but today operates at significantly less than full capacity. Once there is sufficient regional demand for gas, Gasol LNG Import aims to substitute the supply of regasified LNG with field gas supplied by Gasol Upstream.

(ii) Malta: As part of a consortium called Electrogas Malta, Gasol has also been awarded a LNG-to-power project by Malta's state power utility Enemalta, as the country aims to lower its energy costs. Electrogas Malta is a consortium made up of Gasol, SOCAR Trading SA, GEM Holdings Ltd and Siemens Project Ventures GmbH, the equity financial arm of Siemens Financial Services.

Gasol Power has been created to focus on the building, ownership and operation of gas fired power plants which will use Gasol's gas. Gasol recently entered into a Cooperation Agreement with China Machinery Export Corporation for the construction of new gas fired power plants.

Gasol's shares have been listed on London Stock Exchange's AIM since 2005 with the ticker code "GAS". Further information on the Company is available at www.gasolplc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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