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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dominion Pet | LSE:DPL | London | Ordinary Share | BMG2897M1064 | COM SHS USD0.00004 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDPL
RNS Number : 0045L
Dominion Petroleum Limited
25 July 2011
25 July 2011
Dominion Petroleum Limited ("Dominion" or the "Company")
Result of Shareholder General Meeting ("SGM")
At the SGM held earlier today Resolutions 1 and 2 were passed, thereby enabling James Keyes and Gregory Tolaram to be appointed to the Board which enabled the ratification by the Board of its decisions since 28 November 2008.
The remaining Resolutions 3 to 8, which were interconditional, were not passed due to Resolution 3 failing to receive votes in favour representing 66% of the Company's issued share capital as required by Company Bye-laws. The final total of votes in favour was 63.5% and 99.7% of all votes received were in favour of this resolution. As a result, the Placing announced on 27 June 2011 will not be completed and the 150,134,241 common shares issued to BlueGold Global Fund L.P. ("BlueGold", the "BlueGold Shares") as announced earlier today will be repurchased at the same price, such that the number of shares in issue returns to the level prior to the issue of the BlueGold Shares.
In addition, James Keyes and Gregory Tolaram will remain on the Board until further notice. Andrew Cochran will maintain his executive role as Chief Executive Officer and both Dennis Crema and Atul Gupta will continue to support the Company in an advisory capacity. It remains the intention of the Company to ensure that they are all properly appointed to the Board in due course.
In the absence of the funds that would have been received from the Placing, the Company will progress farm-out discussions as planned and remains confident of its ability to fund all its existing obligations. .
ENQUIRIES
For further information please contact:
Dominion Petroleum Limited +44 (0) 20 7349 5900 Andrew Cochran, Chief Executive Officer Rob Shepherd, Finance Director RBC Capital Markets, NOMAD +44 (0) 20 7653 4000 Jeremy Low Martin Eales Paul Stricker Pelham Bell Pottinger Limited +44 (0) 20 7861 3112 Archie Berens/Clare Gilbey
This information is provided by RNS
The company news service from the London Stock Exchange
END
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