Business
Placing and Notice of Annual General Meeting
Placing and Notice of Annual General Meeting.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n\n 30/07/2010\n\n GB00B23JN426/GBP/PLUS-exn\n\n Oracle Coalfields PLC\n\n (\"Oracle\" or the \"Company\")\n\n Placing and Notice of Annual General Meeting\n\nOracle Coalfields PLC (PLUS: ORCP), the UK developer of a 1.4 billion tonne coal deposit in southern Pakistan,\nhas raised an additional £63,600 through the issue of 2,120,000 new Ordinary Shares of 0.1p each at a price 3p\nper Ordinary Share.\n\nThe proceeds from the above placing will provide additional working capital for the Company.\n\nFollowing the placing, Andrew Neubauer, a shareholder in Oracle is interested in 20,033,830 Ordinary Shares,\nrepresenting 12.14% of the issued share capital of the Company.\n\nIn accordance with the FSA's Disclosure and Transparency Rules, the Board of Oracle confirms that as at 30 July\n2010, there are 165,036,000 Ordinary Shares in issue of which the Directors are interested in 29,638,291\nshares, which represents 17.96% of the issued share capital.\n\nNotice of Annual General Meeting\n\nNotice is hereby given that the Annual General Meeting (Meeting) of Oracle will be held at Trowers & Hamlins\nLLP, Sceptre Court, 40 Tower Hill, London EC3N 4DX on Tuesday 24th August 2010 at 11am to transact the\nfollowing business:\n\nAs Ordinary Business\n\n 1. To receive and adopt the Company's audited accounts for the period from 1st January 2009 to 31st\n December 2009 and the directors' and auditors' reports thereon;\n\n 2. To re-elect Anthony Charles Raby Scutt as a director of the Company; and\n\n 3. To re-appoint Price Bailey LLP as auditors to hold office from the conclusion of the meeting to the\n conclusion of the next meeting at which the accounts are laid before the Company and to authorise the directors\n to fix the auditors' remuneration.\n\nSpecial Resolution\n\nTo consider and if thought fit, to pass the following resolutions, of which resolution 4 will be proposed as an\nordinary resolution and resolutions 5 and 6 will be proposed as special resolutions:\n\n 4. THAT, for the purposes of section 551 of the Companies Act 2006 (the Act) the directors of the Company\n be and are hereby generally and unconditionally authorised to exercise all powers of the Company to allot\n equity securities (within the meaning of section 560 of the Act) up to an aggregate nominal amount of £50,000\n provided that this authority shall expire (...