Business
Notice of AGM & Share Consolidation & Sub-Division
Notice of AGM & Share Consolidation & Sub-Division.
About this update from Tomco Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3537F TomCo Energy PLC 17 May 2017 \n\n \n \n \n \n17 May 2017\n \nTomCo Energy plc (\"TomCo\" or the \"Company\")\n \n \nProposed Share Consolidation and Sub-Division\nProposed adoption of New Articles\nand\nNotice of Annual General Meeting \n \n \nTomCo Energy plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, today announces that its Annual General Meeting will be held at 5 Mount Pleasant, Douglas, Isle of Man, IM1 2PU on 9 June 2017 at 10.00 a.m.\n \nThe Board is proposing a restructuring of the Company's issued share capital, the aim of which is to reduce the number of Shareholders, thereby achieving cost savings for the Company, whilst at the same time aiming to return value to Shareholders currently holding smaller interests. In addition, the Board is proposing the adoption of a more modern set of articles of association which would be easier to navigate than the Articles which are currently in force. A copy of the New Articles is included with the Notice of Annual General Meeting.\nThe Notice of Annual General Meeting and a form of proxy is now available via the Company's website at http://www.tomcoenergy.uk.com/, and hard copies have been posted today to those Shareholders who have elected to receive postal notifications. \n \nCapitalised terms used in this announcement carry the same meaning as those ascribed to them in the Notice of General Meeting, unless the context requires otherwise.\n \nAnnual General Meeting\n \nA summary of the Resolutions to be proposed at the Annual General Meeting is set out below.\n \nResolutions numbered 1 - 4 'Ordinary Business' each proposed as an ordinary resolution as follows:\n \n1. the receipt of the annual accounts of the Company for the financial year ended 30 September 2016, together with the reports of the Directors and Auditors thereon;\n2. the resignation (by rotation) and re-appointment of Christopher Brown as director of the Company;\n3. the re-appointment of Alexander Benger as director of the Company, having been appointed as a director of the Company since the Company's last annual general meeting;\n4. the re-appointment o...