Business
Result of Annual General Meeting
Result of Annual General Meeting.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2330H Reabold Resources PLC 30 July 2019 \n\n30 July 2019 \n \nReabold Resources Plc\n(\"Reabold\" or the \"Company\")\nResult of Annual General Meeting (\"AGM\")\nReabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, announces that at its AGM held earlier today, all of the resolutions proposed were duly passed.\n \nThe proposal for a capital reduction, as announced on 2 July 2019 (the \"Capital Reduction\"), was passed by special resolution.\n \nThe Capital Reduction remains subject to the court's approval and a directions hearing is scheduled for 5 August 2019 at which the court will consider whether the appropriate approvals and consents have been obtained. On the basis the court is satisfied that the application should proceed, a second hearing will be held on 27 August 2019 to confirm the reduction of capital.\n \nFurther announcements will be made in due course.\n \nFor further information please contact:\n \n\n\n\nReabold Resources plc\nStephen Williams\nSachin Oza\n \n\n\nc/o Camarco\n+44 (0) 20 3757 4980\n\n\n\n\nStrand Hanson Limited (Nominated and Financial Adviser)\nJames Spinney\nRory Murphy\nJames Dance\n\n\n \n+44 (0)20 7409 3494\n \n \n \n\n\n\n\nCamarco\nJames Crothers\nOllie Head\nBilly Clegg\n\n\n+44 (0) 20 3757 4980\n\n\n\n\nWhitman Howard Limited - Joint Broker\nNick Lovering\nGrant Barker\n \n\n\n+44 (0) 20 7659 1234 \n\n\n\n\nTurner Pope Investments (TPI) Ltd - Joint Broker\nAndy Thacker\n\n\n+44 (0) 20 3621 4120\n\n\n\n \nNotes to Editors\nReabold Resources plc is an investing company investing in the exploration and production (\"E&P\") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world. \nAs an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.\nReabold's long term strategy is to re-invest capital made through its investments into larger projects in ...