Business
Result of GM & Share Capital Consolidation
Result of GM & Share Capital Consolidation.
About this update from Thor Energy Plc
[{"type":"text","content":"\n\n \n23 August 2023\n \nThor Energy PLC\n \n(\"Thor\" or the \"Company\")\n \nResult of General Meeting and Share Capital Consolidation\n The directors of Thor Energy PLC (AIM, ASX: THR, OTCQB: THORF) announces that at a General Meeting (\"GM\") held earlier today, all resolutions were passed.\n \nAll resolutions were passed, with the poll results as follows:\n\n\n\nResolution\n\n\nFor\n\n\nAgainst\n\n\nWithheld\n\n\n\n\n1\n\n\n317,859,610\n\n\n46,982,020\n\n\n1,333,591\n\n\n\n\n2\n\n\n311,530,635\n\n\n33,947,017\n\n\n5,072,569\n\n\n\n\n3\n\n\n299,065,232\n\n\n59,931,105\n\n\n8,434,984\n\n\n\n\n4\n\n\n272,950,001\n\n\n87,296,336\n\n\n7,184,984\n\n\n\n\n5\n\n\n288,769,927\n\n\n71,476,410\n\n\n7,184,984\n\n\n\n \n \nAs a result of Resolution 1 having been passed at the General Meeting, shareholders have approved the reduction in the number of Ordinary Shares by way of a consolidation on the basis of 10 Ordinary Shares into one new ordinary share of 0.01p each (\"New Ordinary Share\") (collectively the \"Consolidation\").\n \nThe Consolidation will become effective and CREST accounts updated at 6 p.m. (UK time) on 30 August 2023. At the Record Date, being 6 p.m. on 30 August 2023, the 2,392,912,840 Existing Ordinary Shares will be consolidated into 239,291,284 New Ordinary Shares.\n \nApplication has been made for 239,291,284 New Ordinary Shares to be admitted to trading on AIM. Dealings in the New Ordinary Shares are expected to commence at 8:00 a.m. on 31 August 2023 under new ISIN GB00BRJ52319 and SEDOL BRJ5231 (\"New Ordinary Share Admission\"). Certificates in respect of the New Ordinary Shares are expected to be issued by 6 September 2023. \n \nFollowing New Ordinary Share Admission, the share capital of the Company will be comprised of 239,291,284 New Ordinary Shares of which no shares are held in treasury. Therefore, the total number of voting rights in the Company is 239,291,284. Shareholders may use this figure 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, the Company under the FCA's Disclosure and Transparency Rules.\n \nA fractional entitlement will arise as a result of the Consolidation unless a holding of Ordinary Shares prior to the Consolidation is e...