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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rose Petroleum Plc | LSE:ROSE | London | Ordinary Share | GB00BF44KY60 | ORD 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% | 0.475 | 0.45 | 0.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMROSE
RNS Number : 7320O
Rose Petroleum PLC
21 May 2018
21 May 2018
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Result of general meeting and Total Voting Rights
Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources business, is pleased to announce that at its general meeting held earlier today, all resolutions were duly passed.
Accordingly, pursuant to the Placing announced on 2 May 2018, the Second Placing Shares are expected to be admitted to trading on AIM tomorrow, 22 May 2018 ("Admission"), to complete the Placing.
Total Voting Rights
With effect from Admission, the Company's total issued Ordinary Share capital will consist of 143,413,940 Ordinary Shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 143,413,940 from Admission. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement have the same meaning as in the Company's announcement on 2 May 2018, unless the context requires otherwise.
Enquiries:
Rose Petroleum Tel: +44 (0) plc 20 7225 4595 Matthew Idiens (CEO) Tel: +44 (0) Chris Eadie (CFO) 20 7225 4599 Jeremy Porter / James Allenby Capital Tel: +44 (0) Reeve / Liz Kirchner Limited 20 3328 5656 Andy Thacker Turner Pope Tel: +44 (0)20 Investments 3621 4120
Media enquiries:
Allerton Communications Tel: +44 (0) 20 3633 1730 Peter Curtain peter.curtain@allertoncomms.co.uk -------------- ------------------------ -----------------------------------
Notes to editors
Rose Petroleum plc (http://rosepetroleum.com) is a North America-focused oil and gas company whose primary asset is approximately 80,000 acres in the oil and gas producing Paradox Basin in Utah, U.S.A., where it is earning into a 75% working interest. Using high-quality data gathered in a 3D seismic survey completed in October 2017, the Company has identified drilling locations in naturally fractured areas of the Paradox clastics formation with the intention of commencing a drilling programme in H2 2018, once necessary permits and funding have been secured.
The Company's established management is supported by an expert technical team with extensive experience of the basin, where current operations nearby have proven successful, with significant initial production rates and low decline rates, offering strong economics even in the present oil price environment.
The Company's strategy is to grow both organically and through acquisition, identifying additional hydrocarbon assets, conventional or unconventional, that would benefit from the Company's fast-acting, entrepreneurial approach.
Rose Petroleum has been quoted on AIM since June 2004.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 21, 2018 06:28 ET (10:28 GMT)
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