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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stratic Eng | LSE:SE. | London | Ordinary Share | CA8629281087 | COM STK NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSE. RNS Number : 0346V Stratic Energy Corporation 26 October 2010 NEWS RELEASE Acquisition of Stratic Energy Corporation by EnQuest PLC Voting Procedures CALGARY and LONDON, October 26, 2010 - Stratic Energy Corporation (TSX Venture: 'SE', AIM: 'SE.') ("Stratic" or the "Company") wishes to remind shareholders of the forthcoming special meeting to be held on November 2, 2010 at which shareholders will be asked to vote upon the previously announced plan of arrangement (the "Arrangement") with EnQuest PLC ("EnQuest"). The special meeting is scheduled to be held at 10:00 a.m. (Toronto time) at the Toronto Marriott Bloor Yorkville Hotel in Toronto, Ontario, Canada. In order to proceed, the Arrangement must be approved by a majority of not less than 66 2/3 % of votes cast by shareholders in person or by proxy at the special meeting and, if endorsed, must also be approved by the Supreme Court of Yukon pursuant to the arrangement provisions of the Business Corporations Act (Yukon). Details of the Arrangement and the business of EnQuest are contained in the Information Circular and Proxy Statement (the "Circular") dated September 28, 2010, which has been posted to shareholders. This document can be accessed at www.sedar.com and on the Company's website www.straticenergy.com. Details of the voting procedure, depending on the manner in which the Stratic shares are held or registered, are set out in the "General Proxy Matters" section on page 66 of the Circular. Shareholders are urged to ensure that their instructions regarding the voting of their Stratic shares are properly communicated to the appropriate person well in advance of the special meeting on November 2, 2010. The board of directors of Stratic has unanimously determined that the Arrangement is in the best interests of Stratic and the Stratic shareholders, and unanimously recommends that Stratic shareholders vote on favour of the Arrangement. All of Stratic's directors and senior officers intend to vote their Stratic shares in favour of the Arrangement. For further information contact: Company: Kevin Watts, President and Chief Executive Officer +44 20 7766 7900 John van der Welle, Chief Financial Officer +44 20 7766 7900 Mark Bilsland, Chief Operating Officer +44 20 7766 7900 Public and investor relations: Patrick d'Ancona, M:Communications (London) +44 20 7920 2347 Roger Fullerton (Canada) +1 952 929 7243 Email: roger.fullerton@straticenergy.com Financial advisor and NOMAD: David Kotler, Lazard +44 20 7187 2000 Nick Fowler, Lazard +44 20 7187 2000 Website: www.straticenergy.com Notes to Editors: EnQuest is an independent oil and gas production and development company focused on the UK Continental Shelf ("UKCS"). On April 6, 2010 EnQuest was formed from the demerged UK North Sea assets of Petrofac Limited and Lundin Petroleum AB. EnQuest shares are listed on the London Stock Exchange and on the NASDAQ OMX Stockholm and are included in the FTSE250 index and OMX Nordix index on the respective exchanges. EnQuest is completely unrelated to the company EnQuest Energy Services Corp., which was formerly listed on the TSX Venture Exchange. Reader Advisories Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute or form part of an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, securities to any person to whom or in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States or to or for the account or benefit of a U.S. person unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an available exemption from, or in a transaction not subject to, the registration requirements thereof. Certain statements made herein constitute forward-looking statements, including statements concerning the anticipated dates for holding the special meeting of Stratic shareholders to consider the Arrangement, for applying to the Court for a final order approving the Arrangement, for completing the Arrangement and for the delisting of the Stratic shares from the TSX Venture Exchange and the cancellation of their admission to trading on AIM. Although the Company believes these statements to be reasonable, the assumptions upon which they are based may prove to be incorrect. Completion of the Arrangement is subject to a number of conditions, including shareholder, court and regulatory approvals and consents. The Arrangement could be delayed if the Company is not able to obtain all necessary approvals and consents on expected timelines, or not completed at all if any condition to closing is not satisfied. There can be no assurance that the Arrangement will be completed as proposed, or at all. This information is provided by RNS The company news service from the London Stock Exchange END ACQKMMZGFVKGGZM
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