Attis Oil and Gas Ltd Posting of Circular (5985T)

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RNS Number : 5985T

Attis Oil and Gas Ltd

21 July 2020

Attis Oil & Gas Ltd / Index: AIM / Epic: AOGL/ ISIN: VGG6622A1057 / Sector: Oil and Gas

21 July 2020

Attis Oil & Gas Ltd ('the Company')

Posting of Circular containing Notice of General Meeting

Attis today announces that, further to its announcement of 17 July 2020, it has today posted its Shareholder Circular containing a Notice of General Meeting seeking Shareholder's approval for the proposed sale of its remaining wholly owned and operated asset, the Austin Field (the "Proposed Disposal"). The General Meeting will be held at 11.00am on 5 August 2020 at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW. A copy of the Circular is available from the Company's website, www.attisog.com.

To remind Shareholders, completion of the Proposed Disposal is subject to Shareholder approval by way of an Ordinary Resolution as it is deemed a fundamental change of business under the AIM Rules for Companies. The Disposal requires the approval of more than 50% of the Ordinary Shares voted at the General Meeting.

Following completion of the Proposed Disposal, therefore, the Company will become an AIM Rule 15 cash shell and as such will be required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 on or before the date falling six months from completion of the Proposed Disposal failing which, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified.

**ENDS**

For further information visit www.attisog.com or contact the following:

 
 Paolo Amoruso     Attis Oil & Gas Ltd           + 1 713 869 1544 
 Roland Cornish    Beaumont Cornish Ltd          [phone] 
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 James Biddle      Beaumont Cornish Ltd          [phone] 
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 Duncan Vasey 
  Lucy WIlliams    Peterhouse Capital Limited    [phone] 
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END

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July 21, 2020 02:30 ET (06:30 GMT)