Frontier Resources International General Meeting Result and Capital Reorganisation (0148L)
06 January 2016 - 10:32PM
UK Regulatory
TIDMFRI
RNS Number : 0148L
Frontier Resources International
06 January 2016
For immediate release
6 January 2016
Frontier Resources International Plc
("Frontier" or the "Company")
Result of General Meeting
Capital Reorganisation
The Board of Frontier announces that the resolution pertaining
to proposals for the subdivision and redesignation of the existing
ordinary shares ("Existing Ordinary Shares") and the adoption of
new articles of association (the "Reorganisation") was passed.
The Reorganisation comprises a subdivision of each Existing
Ordinary Share into one new ordinary share of 0.01p each ("New
Ordinary Share") and one deferred share ("A Deferred Share") and
the adoption of the new articles of association ("New
Articles").
The New Ordinary Shares will have the same rights as those
currently accruing to the Existing Ordinary Shares under the
existing articles of association, including those relating to
voting and entitlement to dividends. No new share certificates will
be issued to existing shareholders, and their existing share
certificates for the same quantity of shares will remain as valid
cover.
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and, it is expected that admission will
become effective at 8.00 a.m. on 7 January 2016. There are
361,999,056 New Ordinary Shares in issue following completion of
the Reorganisation.
Enquiries:
Frontier Resources
International Plc Tel: +1 (281) 920
Jack Keyes, Chief Executive 0061
Officer
Beaumont Cornish (Nomad) Tel: +44 (0)20 7628
Michael Cornish 3396
Roland Cornish
Beaufort Securities Tel: +44 (0)20 7382
Limited (Broker) 8300
Zoe Alexander
A copy of this announcement is available from the Company's
website www.friplc.com
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 06, 2016 06:32 ET (11:32 GMT)
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