Magnolia Petroleum Plc Notice of Requisition of General Meeting - Update

 
TIDMMAGP 
 
Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 
 
                                                                    9 June 2017 
 
             Magnolia Petroleum Plc ('Magnolia' or 'the Company') 
 
               Notice of Requisition of General Meeting - Update 
 
Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and 
production company, provides an update to the announcement made on 2 June 2017, 
regarding a requisition notice received for a general meeting to consider 
resolutions in respect of directorate changes. 
 
The Company has now determined the requisition notice, which was received from 
Steven Snead, Snead Family 2012 LLC, Snead Family LLC and R Sterling Snead, to 
be valid. As such, the Company will convene a general meeting and post a 
circular to shareholders in due course for the purpose of considering the 
following resolutions: 
 
1. That in accordance with the provisions of Article 90 of the Articles of 
Association of the Company and section 168 of the Companies Act 2006 Rita Fern 
Whittington be removed from office as a director of the Company immediately. 
 
2. That in accordance with the provisions of Article 86 of the Articles of 
Association and subject to the AIM Rules for Companies of the London Stock 
Exchange Plc Kristian Ewen Ainsworth be appointed a director of the Company. 
 
3. That in accordance with the provisions of Article 86 of the Articles of 
Association and subject to the AIM Rules for Companies of the London Stock 
Exchange Plc Donald Zac Phillips be appointed a director of the Company. 
 
The information contained within this announcement constitutes inside 
information stipulated under the Market Abuse Regulation (EU) No. 596/2014. 
 
                                 * * ENDS * * 
 
For further information on Magnolia Petroleum Plc visit http:// 
www.magnoliapetroleum.com/ or contact the following: 
 
Rita Whittington           Magnolia Petroleum Plc       +01918449 8750 
 
Jo Turner / James Caithie  Cairn Financial Advisers     [phone] 
                           LLP 
 
Colin Rowbury              Cornhill Capital Limited     [phone] 
 
Lottie Brocklehurst        St Brides Partners Ltd       [phone] 
 
Frank Buhagiar             St Brides Partners           [phone] 
                           Ltd 
 
Notes 
 
Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas exploration 
and production company. Its portfolio includes interests in 222 producing and 
non-producing assets, primarily located in the highly productive Bakken/Three 
Forks Sanish hydrocarbon formations in North Dakota as well as the oil rich 
Mississippi Lime and the substantial and proven Woodford and Hunton formations 
in Oklahoma. 
 
Summary of Wells 
 
Category                                                Number of wells 
 
Producing                                                           158 
 
Being drilled / completed                                            13 
 
Elected to participate / waiting to                                  51 
spud 
 
TOTAL                                                               222 
 
 
 
END 
 

(END) Dow Jones Newswires

June 09, 2017 09:50 ET (13:50 GMT)