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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lapp Plats | LSE:LPP | London | Ordinary Share | GB0034353531 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLPP RNS Number : 0258V Lapp Plats Plc 02 July 2009 2 July 2009 Lapp Plats plc (to be renamed Cove Energy plc) Result of AGM Lapp Plats plc ("Cove Energy") is pleased to announce that following its AGM held earlier today all resolutions were duly passed. With regards to the proposed changes to the Board, company strategy and change of name as announced on 27 May 2009, the Company would like to confirm that shareholder approval was unanimously given. Following this, the Board is pleased to announce that effective from the market open on Monday 6 July 2009, the Company will be known as Cove Energy plc, with the ticker 'COV'. Cove Energy's renewed operational focus and strategy is to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them into marketable opportunities for the medium and larger oil and utility companies. The Company's initial focus will be on Africa and the Mediterranean. The Company will be "opportunity driven" but the objective is to target assets in areas where larger oil companies are not yet active or have overlooked opportunities. Cove Energy will also seek out assets owned by companies in distress as a result, for instance, of the current global economic climate. Michael Blaha, Chairman of Cove Energy plc, said: "We are delighted to have received unanimous shareholder support for our renewed strategic direction, name change and Board. Following the announcement of our successful placing of shares to raise GBP4.2m on 29 June 2009, we are now in the position to realise our new strategic direction and look forward to updating the market as to our progress." -Ends- For further information, please contact: +----------------------------------------------+-------------------------+ | Lapp Plats plc | | +----------------------------------------------+-------------------------+ | John Craven, CEO | Tel: + 353 1 662 4351 | | Michael Nolan, Company Secretary | | +----------------------------------------------+-------------------------+ +----------------------------------------------+-------------------------+ | Cenkos Securities | | +----------------------------------------------+-------------------------+ | Jon Fitzpatrick / Ken Fleming | Tel: +44 (0)131 220 | | | 6939 | +----------------------------------------------+-------------------------+ +----------------------------------------------+-------------------------+ | Financial Dynamics | | +----------------------------------------------+-------------------------+ | Billy Clegg / Edward Westropp | Tel: +44 (0)20 7831 | | | 3113 | +----------------------------------------------+-------------------------+ Note to Editors: Cove Energy's strategy is to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them into marketable opportunities for the medium and larger oil and utility companies. The Company's initial focus will be on Africa and the Mediterranean. The Company will be "opportunity driven" but the objective is to target assets in areas where larger oil companies are not yet active or have overlooked opportunities. Cove Energy will also seek out assets owned by companies in distress as a result, for instance, of the current global economic climate. The Company intends to operate with a minimum level of staffing but with a larger experienced "virtual" skills-pool from where it can draw on relevant experience on a case-by-case basis. The Company intends at the outset to partner and joint venture with investors and associates who will support Cove Energy with commercial skills and influence in areas where the Company intends to grow its business. This information is provided by RNS The company news service from the London Stock Exchange END RAGFGGGNZZMGLZM
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