Business
Result of Court Meeting and G
Result of Court Meeting and G.
About this update from Pensana Plc
[{"type":"text","content":"\n RNS Number : 9556I Pan Andean Resources PLC 22 March 2010 \n \n\n \nNot for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction\n \n22 March 2010\n \nPan Andean Resources plc\n \nResult of Court Meeting and General Meeting\n \nThe Board of Pan Andean Resources plc ('Pan Andean' or the 'Company') are pleased to announce that at the Court Meeting and General Meeting of Pan Andean Shareholders held earlier today in connection with the recommended proposals relating to the acquisition of Pan Andean by Petrominerales Ltd. (including the demerger of the North American and Bolivian interests of the Company) all the resolutions proposed received the overwhelming support of shareholders.\n \nAt the Court Meeting a majority in number of Scheme Shareholders who voted either in person or by proxy and who together represented over 75 per cent. by value of the votes cast, voted in favour of the resolution to approve the Scheme. The resolution was accordingly passed. The voting results in relation to the Court Meeting are summarised below:\n \n\n\n\n\n\n\n\nNumber of Scheme Shares voted\n\n\nPercentage of Scheme Shares voted\n\n\nPercentage of issued Scheme Shares\n\n\nNumber of Scheme Shareholders\n\n\nPercentage of Scheme Shareholders\n\n\n\n\nFor\n\n\n45,361,766\n\n\n99.78%\n\n\n35.53%\n\n\n608\n\n\n12.27%\n\n\n\n\nAgainst\n\n\n97,832\n\n\n0.22%\n\n\n0.08%\n\n\n14\n\n\n0.28%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nAt the General Meeting, each special resolution was passed unanimously on a show of hands.\n \nCompletion of the Proposals remains subject to the satisfaction or, if appropriate, waiver of the conditions set out in the Scheme Document sent to Pan Andean Shareholders on 26 February 2010 including, inter alia, the sanction of the Scheme by the Court. The expected timetable of principal events in connection with the Scheme is set out in the Appendix to this announcement.\n \nEnquiries:\n \n\n\n\n\nPan Andean Resources\n\n\n+353 (0) 1 8332833\n\n\n\n\nJohn Teeling, Executive Chairman\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSmith & Williamson Corporate Finance Limited\n\n\n+44 (0)117 376 2213\n\n\n\n\nNominated Adviser - Ni...