Business
Notice of AGM and Share Capital Reorganisation
Notice of AGM and Share Capital Reorganisation.
About this update from Tomco Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2844W TomCo Energy PLC 26 April 2016 \n\n26 April 2016\nTomCo Energy plc (\"TomCo\" or the \"Company\")\nNotice of Annual General Meeting and Share Capital Reorganisation\nTomCo Energy plc (AIM: TOM), the oil mining company (the \"Company\"), today announces that the Annual General Meeting will be held at 5 Mount Pleasant, Douglas, Isle of Man, IM1 2PU on 12 May 2016 at 12:00 p.m. \n \nAnnual General Meeting\nThe Notice of Meeting and a form of proxy will be posted to relevant shareholders today and published on the Company's website at www.tomcoenergy.uk.com\nThe following ordinary resolutions will be proposed at the AGM: \n1. To receive the annual report and audited accounts of the Company for the financial period from 31 August 2014 to1 September 2015, together with the Directors' and Auditor's reports thereon.\n2. To re-appoint Andrew Jones who was appointed by the Board and retires pursuant to the Articles and who, being eligible, offers himself for re-appointment as a Director.\n3. To re-appoint Christopher Brown who was appointed by the Board and retires pursuant to the Articles and who, being eligible, offers himself for re-appointment as a Director.\n4. To re-appoint Simon Corney who was appointed by the Board and retires pursuant to the Articles and who, being eligible, offers himself for re-appointment as a Director.\n \nShare Capital Reorganisation \nThe Company was initially incorporated under the Isle of Man Companies Act 1931 but has been registered under the Companies Act 2006 (\"Act\") since its re-registration on 23 May 2011. The Act contains no concept of authorised share capital. Additionally, subject to any contrary provisions in its articles of association, a company governed by the Act is able to issue shares with or without a par value. The Company does not have a specified authorised share capital or par value for its shares set out in the Company's Articles of Association ('Articles'). \nUnder Isle of Man law, a company is unable to issue shares at a subscription price which is less than the par value of shares of the same class. This means that, if the par value of 0.5p per ordinary share is applicable to the existing ordinary shares and the mid-market closing price of such ordinary shares on ...