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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lgo Energy | LSE:LGO | London | Ordinary Share | GB00BDGJ2R22 | ORD 0.05P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLGO
RNS Number : 7696Y
LGO Energy PLC
07 March 2017
For Immediate Release
7 March 2017
LGO ENERGY PLC
("LGO" or the "Company")
Result of the General Meeting
Capital Re-organisation
Further to the announcement of 15 February 2017, the Company is pleased to announce that at the Company's General Meeting held earlier today all Resolutions were passed.
Resolution 1
The Articles of Association will be amended to create a new class of Deferred Shares in order for the Company to re-organise the share capital and reduce the number of ordinary shares in issue whilst maintaining the nominal value per ordinary share of 0.05p each.
Resolution 2
The number of ordinary shares in issue will be reduced by a ratio of 20:1 (the "New Ordinary Shares") and the Deferred Shares created as a result of this exercise will have no value.
Application has been made for the New Ordinary Shares of 0.05p each to be admitted to trading on AIM ("Admission"). Admission is expected to commence at 08.00 on 8 March 2017.
The New Ordinary Shares will have the ISIN: GB00BDGJ2R22
Resolution 3 and 4
The Directors are authorised to allot shares and grant rights to subscribe for new ordinary shares up to an aggregate nominal amount of GBP96,100, such authority to expire on the conclusion of the Annual General Meeting to be held in 2018.
Resolution 5
The Company will have the option to use electronic communications to send or supply documents or information to members by making them available on a website or other electronic means.
Enquiries:
LGO Energy plc +44 (0) 203 794 9230 Neil Ritson Beaumont Cornish Limited +44(0) 20 7628 3396 Nomad Rosalind Hill Abrahams Roland Cornish FirstEnergy Capital LLP +44(0) 20 7448 0200 Joint Broker Jonathan Wright David van Erp Camarco +44 (0) 20 3757 4983 Public and Investor Relations Billy Clegg
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFLSVDIDIID
(END) Dow Jones Newswires
March 07, 2017 09:23 ET (14:23 GMT)
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