Business
Accounts availability and Tak
Accounts availability and Tak.
About this update from Sound Energy Plc
[{"type":"text","content":"\n RNS Number : 9533X Sound Oil PLC 30 June 2008 \n \n30 June 2008\n\nSound Oil plc\n(\"Sound Oil\" or the \"Company\")\n\nAvailability of annual report and Takeover Code\n\n\nSound Oil confirms that its annual report and accounts for the year ended 31 December 2007 has been sent, together with a notice of AGM, to shareholders and will shortly be available on the Company's website: www.soundoil.co.uk\n\nThe notice of AGM includes a resolution proposing the adoption by the Company of a new set of articles; a summary description of the changes is set out in directors' report within the annual report. Among the proposed changes is a new article which requires an offer to be made to all shareholders when an acquirer reaches a certain shareholding level. This has arisen as a result of the Panel on Takeovers and Mergers (the \"Panel\") confirming that the City Code on Takeovers and Mergers (the \"Takeover Code\") does not currently apply to the Company as the Panel has concluded that the Company's place of central management and control is not currently located within the UK, the Channel Islands or the Isle of Man. The Company's board is comprised of three directors based in the United Kingdom and four based overseas and the Company's principal operating assets are located overseas. The new article is being proposed in order to provide shareholders with a similar protection to that provided by Rule 9 of the Takeover Code.\n\n\n\nFor further information please contact:\n\n\n\n\n\nSound Oil\nGerry Orbell, Chairman\n\n\n07903 861 145\n\n\n\n\n\n\n\n\n\n\n\n\nSmith & Williamson Corporate Finance Limited\nAzhic Basirov\nDavid Jones\n\n\n020 7131 4000\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan Communications\nTim Thompson\nNick Melson\n\n\n020 7466 5000\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACSFKKKPABKDNAN\n ","length":5060,"tagName":"div"}]