Wessex Exploration plc Result of AGM (3118A)
19 December 2014 - 10:52PM
UK Regulatory
TIDMWSX
RNS Number : 3118A
Wessex Exploration plc
19 December 2014
WESSEX EXPLORATION PLC
(AIM: WSX)
Result of the AGM
Change of director
Wessex Exploration PLC ("Wessex" or "the Company"), the
hydrocarbon exploration company, is pleased to confirm that at its
Annual General Meeting ("AGM") held today, all resolutions put to
the meeting were duly passed. Iain Patrick, who was due to offer
himself for re-election as a director, decided not to stand for
re-election and so resolution five in respect of his re-election
was not put to the meeting. Andrew Cochran thanked Iain Patrick for
his contribution as a director and wished him well for the
future.
Malcolm Butler, former Chairman and a Non Executive Director of
Wessex, has agreed to remain on the board over an interim period in
order to provide continuity and act as the Independent Non
Executive Director until such time as a new Independent Non
Executive Director is appointed.
As a result of the passing of Resolutions 8 and 9, the Company
will change its name to Hague and London Oil PLC and there will be
a 1 for 40 consolidation of the entire issued and unissued Ordinary
Share capital ("the Capital Reorganisation").
Application has been made for the entire issued share capital,
comprising 24,133,586 New Ordinary Shares of 4 pence each ("the New
Ordinary Shares"), to be admitted to AIM and it is anticipated that
trading on AIM will commence on 22 December 2014. The shares will
trade under the new ticker symbol of HNL.L on receipt by the London
Stock Exchange of the Certificate of Change of Name which is
expected on 23 December 2014.
The share Capital Consolidation Record Date is 19 December
2014.
New share certificates in relation to the change of name and the
Capital Reorganisation will be dispatched to Shareholders who hold
their Ordinary Shares in certificated form by 31 December 2014.
Shareholders who hold their entitlement in uncertificated form
through CREST will have their CREST accounts adjusted to reflect
their entitlement to the New Ordinary Shares.
For further information please contact:
Wessex Exploration PLC www.wessexexploration.com
Andrew Cochran, Chairman and Interim
CEO +44 (0) 20 7520 9268
Natalia Erikssen, IR/PR enquiries
WH Ireland Limited www.wh-ireland.co.uk
John Wakefield (Corporate Finance) +44 (0) 117 945 3471
This information is provided by RNS
The company news service from the London Stock Exchange
END
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