13 May 2020
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Result of General Meeting
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, is pleased to announce that of the Resolutions put to shareholders at the Company's General Meeting, held earlier today, Resolution 1 was not passed and Resolutions 2 and 3 were passed.
For further information on the Resolutions, please refer to the Company's circular to shareholders dated 17 April 2020 (the "Circular").
Pursuant to the passing of Resolutions 2 and 3, the Company now has the authority to issue new ordinary shares in connection with any potential future exercise of the Fundraise Warrants (as defined in the Circular).
A poll was taken at the meeting and the results for each Resolution, which overall were in line with the Directors' recommendations (as set out in the Circular), were as follows:
|
RESOLUTION |
NUMBER OF VOTES FOR (including discretionary votes) |
% |
NUMBER OF VOTES AGAINST (including discretionary votes) |
% |
TOTAL VOTES CAST |
VOTES WITHHELD |
|
ORDINARY RESOLUTIONS |
||||||
|
Resolution 1. REMOVE MATTHEW LOFGRAN AS A DIRECTOR |
41,696,790 |
20.68% |
159,970,910 |
79.32% |
201,667,700 |
29,927 |
|
Resolution 2. AUTHORITY TO ALLOT SHARES |
168,013,748 |
83.31% |
33,657,296 |
16.69% |
201,671,044 |
26,583 |
|
SPECIAL RESOLUTION |
||||||
|
Resolution 3. DIS-APPLICATION OF PRE-EMP RIGHTS |
168,361,545 |
83.48% |
33,316,846 |
16.52% |
201,678,391 |
19,236 |
Any vote that provided the Chairman discretion has been voted in line with the Directors' recommendations.
A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
For further information, contact:
|
Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO |
Email: |
+1 480 993 8933 |
|
Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Rory Murphy / Ritchie Balmer / Jack Botros |
Tel: |
+44 (0) 20 7409 3494 |
|
Novum Securities Limited (Joint Broker) Jon Belliss Lionsgate Communications (Public Relations) Jonathan Charles |
Tel: Tel: |
+44 (0) 207 399 9425 +44 (0) 7791 892509 |
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