Business
Result of EGM
Result of EGM.
About this update from Borders & Southern Petroleum Plc
[{"type":"text","content":"\n RNS Number : 0590E Borders & Southern Petroleum plc 14 December 2009 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, JAPAN, CANADA, AUSTRALIA, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA\n\n14 December 2009\n\nBorders & Southern Petroleum plc\n(\"Borders & Southern\" or the \"Company\")\n\nResult of Extraordinary General Meeting\n\nBorders & Southern, the independent oil and gas company focusing on exploration in the South Falklands basin, is pleased to announce that the resolutions proposed at the Company's Extraordinary General Meeting held earlier today relating to the placing of new ordinary shares were duly passed by shareholders. \n\nA total of 234,234,234 new Ordinary Shares in the Company (the \"Placing Shares\") have been placed with investors at a price of 50p per share. Total funds raised for the Company from the placing are £113.1 million net of expenses.\n\nThe Placing Shares are expected to be admitted to trading on AIM at 8.00 a.m. on 15 December 2009. \n\nThe total number of ordinary shares in issue after the allotment of all the Placing Shares will be 428,578,404 with each ordinary share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company will therefore be 428,578,404. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Borders & Southern under the FSA's Disclosure and Transparency Rules. \n\nFor further information please contact:\n\n\n\n\n\nBorders & Southern Petroleum plc \n\n\n\n\n\n\n\nHoward Obee\n\n\n020 7661 9348\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon\n\n\n020 7459 3600\n\n\n\n\nDominic Morley\n\n\n\n\n\n\n\nAshton Clanfield\n\n\n\n\n\n\n\nCallum Stewart\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMirabaud\n\n\n020 7321 2508\n\n\n\n\nPeter Krens\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOcean\n\n\n020 7786 4370\n\n\n\n\nGuy Wilkes\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTavistock Communications\n\n\n020 7920 3150\n\n\n\n\nSimon Hudson\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThis information is provided by ...