BLVN.L

Bowleven Plc
Bowleven plc - Result of GM
28th August 2024, 13:25
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 0351C
Bowleven plc
28 August 2024
 

 

 

 

28 August 2024

 

 

Bowleven plc

("Bowleven" or the "Company")

 

Result of General Meeting and Cancellation of Admission to Trading on AIM

                                                                                                                      

Bowleven, the African focused oil and gas exploration and production company with key interests in Cameroon, announces that all Resolutions set out in the circular, containing, inter alia, a notice of general meeting, published by the Company on 9 August 2024 (the "Circular"), and put to the Company's Shareholders at the General Meeting of the Company held earlier today, were duly passed.

 

The number of votes cast for and against each of the Resolutions proposed, and the number of votes withheld were as follows:

 

Special Resolution Number

Special Resolution Name

Votes for

Votes Against

Votes Withheld*

Total Votes Cast (excl. withheld)

No. of shares

% of shares voted

No. of shares

% of shares voted

No. of shares

1

AIM cancellation

1,243,826,486

97.40

33,261,940

2.60

233,388

1,277,088,426

2

Re-registration and adoption of new articles of association

1,243,844,774

97.40

33,228,821

2.60

248,219

1,277,073,595

*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against'

 

In accordance with the passing of Resolution 2, the Company will re-register as a private limited company with the name Bowleven Limited and will adopt new articles of association, which is expected to take place on or around 25 September 2024.

 

The full text of the resolutions proposed and passed at the General Meeting can be found in the Circular which is available on the Company's website: https://www.bowleven.com/.

 

AIM Delisting

 

Following approval by Shareholders at the General Meeting, the admission of the ordinary shares of 0.1 pence in the capital of the Company (the "Ordinary Shares") to trading on AIM will be cancelled {the "AIM Delisting"). The AIM Delisting is expected to take place at 7:00 a.m. on 24 September 2024 and, accordingly, the last day of dealings in Ordinary Shares on AIM is expected to be 23 September 2024.

 

Exit Opportunity

 

Shareholders are reminded that the Exit Opportunity provided by Crown Ocean Capital closes at 1.00 p.m. on 11 September 2024 and the Company anticipates announcing the number of Shares sold pursuant to

the Exit Opportunity on 12 September 2024. Further details regarding the Exit Opportunity can be found in the Circular.

 

Matched Bargain Facility

 

It remains the Company's intention to provide a matched bargain facility to assist Shareholders wishing to trade in Ordinary Shares following the AIM Delisting. Further details with respect to the matched bargain facility, to be provided by J P Jenkins, will be made available in due course on the Company's website https://www.bowleven.com.

 

Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Circular.

 

ENQUIRIES

 

For further information, please contact:

 

Bowleven plc

 

Eli Chahin, Chief Executive

+ 44 20 3327 0150

 


Camarco (Financial PR)


Owen Roberts

+ 44 20 3757 4980

Hugo Liddy




Shore Capital (NOMAD and Broker)


Daniel Bush

Rachel Goldstein

+ 44 20 7408 4090



 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ROMFLFFVTVITFIS]]>
TwitterFacebookLinkedIn