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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Magnolia Pet | LSE:MAGP | London | Ordinary Share | GB00B63QSF76 | ORD SHS 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.30 | 0.20 | 0.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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 LLP | +44207213 0880 |
Colin Rowbury | Cornhill Capital Limited | +44207710 9610 |
Lottie Brocklehurst | St Brides Partners Ltd | +44207236 1177 |
Frank Buhagiar | St Brides Partners Ltd | +44207236 1177 |
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 spud | 51 |
TOTAL | 222 |
Copyright ne 9 PR Newswire
1 Year Magnolia Pet Chart |
1 Month Magnolia Pet Chart |
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