19 August 2011
RNS AIM release
Global Petroleum Limited - Results of General Meeting
The Company's General Meeting was held today, 19 August 2011 at 10.30am (AWST).
The resolutions voted on were in accordance with the Notice of General Meeting previously advised to the Australian Securities Exchange.
In accordance with Section 251AA of the Corporations Act 2001, the following information is provided:
|
Resolution |
Result |
Number of Proxy Votes |
|||
For |
Against |
Abstain |
Proxy's Discretion |
||
|
1. Acquisition of Jupiter Petroleum Limited |
Passed on a show of hands |
13,228,261 |
41,338 |
1,740 |
59,317 |
|
2. Authority to Grant Incentive Options to a Director |
Passed on a show of hands |
12,193,065 |
1,071,874 |
6,400 |
59,317 |
|
3. Authority to Grant Incentive Options to Key Consultants |
Passed on a show of hands |
12,075,366 |
1,177,039 |
6,400 |
71,851 |
Update on Acquisition of Jupiter Petroleum Limited
The Share Purchase Agreement to acquire Jupiter Petroleum Limited ("Jupiter") is conditional on the satisfaction of a number of conditions precedent, including completing due diligence investigations, obtaining necessary consents from governmental authorities, and shareholder approval which has been satisfied by the passing of Resolution 1 at the General Meeting held today.
The Company anticipates satisfying the remaining conditions precedent and completing the acquisition of Jupiter in accordance with the Share Purchase Agreement on or before 26 August 2011.
Enquiries:
|
Global Petroleum Limited |
||
|
Clint McGhie |
Tel |
+ 61 8 9322 6322 |
|
|
||
|
Northland Capital Partners Limited (Nominated Adviser and Broker) |
||
|
William Vandyk |
Tel |
+44 20 7796 8800 |
This information is provided by RNS