Nostra Terra Oil & Gas Company PLC Magnolia Petroleum plc General Meeting Requisition (7214H)
10 June 2017 - 12:33AM
UK Regulatory
TIDMNTOG
RNS Number : 7214H
Nostra Terra Oil & Gas Company PLC
09 June 2017
9 June 2017
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Magnolia Petroleum plc General Meeting Requisition
Nostra Terra (AIM:NTOG), the oil and gas exploration and
production company with a portfolio of assets in the USA and Egypt,
notes the announcement made this afternoon by Magnolia Petroleum
plc (AIM:MAGP) ("Magnolia") concerning the recently requisitioned
General Meeting ("GM") of Magnolia (as first announced by Magnolia
on 2 June 2017).
Nostra Terra confirms that Steven Snead, the former CEO and
founder of Magnolia, and members of his family, have requisitioned
the EGM using the ordinary shares in Magnolia that Nostra Terra
agreed to purchase as announced on 26 May 2017.
The resolutions to be proposed at the GM include:
-- An ordinary resolution, seeking the removal of CEO, Rita Fern
Whittington, from the board of Magnolia.
-- An ordinary resolution, seeking the appointment of Kristian
Ewen Ainsworth to the board of Magnolia, as Nostra Terra's
representative. Ewen Ainsworth is Non-Executive Chairman of Nostra
Terra.
-- An ordinary resolution, seeking the appointment of Donald Zac
Phillips to the board of Magnolia, as an independent director.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas
Company plc
Matt Lofgran, CEO +1 480 993 8933
Strand Hanson Limited
(Nominated & Financial Adviser +44 (0) 20 7409
and Joint Broker) 3494
Rory Murphy / Ritchie Balmer
/ Jack Botros
Smaller Company Capital Limited +44 (0) 20 3651
(Joint Broker) 2910
Rupert Williams / Jeremy Woodgate
This information is provided by RNS
The company news service from the London Stock Exchange
END
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