MX Oil PLC Notice of GM and Revision of Investing Policy (5494Q)
13 September 2017 - 1:01AM
UK Regulatory
TIDMMXO
RNS Number : 5494Q
MX Oil PLC
12 September 2017
12 September 2017
MX Oil / Ticker: MXO / Index: AIM / Sector: Oil & Gas
MX Oil plc ("MX Oil" or the 'Company')
Adoption of Revised Investing Policy and
Notice of General Meeting
MX Oil plc is today posting a circular and notice convening a
general meeting of the Company in order for shareholders to approve
the adoption of a revised investing policy by the Company. Under
the existing investing policy, the Company is focused on investing
in the natural resources sector. However, in reviewing
opportunities in this sector, the Company is increasingly seeing
interesting opportunities in adjacent areas of oil services,
energy, power and related technologies. Investments in these
adjacent areas can have the potential to generate attractive
returns on a lower risk basis than may be achieved in the
traditional natural resources sector. The Company is therefore
seeking shareholder approval to broaden its investment focus and
expand its investing policy.
A general meeting of MX Oil plc will therefore be held at the
offices of Adams & Remers LLP, Commonwealth House, 55-58 Pall
Mall, London, SW1Y 5JH on 29 September 2017 at 11:00am (BST). A
copy of the circular will shortly be available from the Company's
website, www.mxoil.co.uk.
The Directors believe that broadening the Company's investment
policy is in the best interests of the Company and its shareholders
as a whole, and unanimously recommend that shareholders vote in
favour of this resolution that will be proposed at the general
meeting.
* * ENDS * *
For further information please visit www.mxoil.co.uk or
contact:
MX Oil PLC
Stefan Olivier, CEO +44 20 7710 9618
Cairn Financial Advisers
LLP
(Nominated Adviser)
Jo Turner/James Caithie +44 20 7213 0880
Cornhill Capital
(Broker)
Nick Bealer +44 20 7710 9612
This information is provided by RNS
The company news service from the London Stock Exchange
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