TIDMTLOU
RNS Number : 8858A
Tlou Energy Ltd
17 September 2018
17 September 2018
Tlou Energy Limited
("Tlou" or "the Company")
Notice of Annual General Meeting
Tlou Energy Limited, the AIM, ASX and BSE listed company focused
on delivering power in Botswana and Southern Africa through the
development of coal bed methane ("CBM") projects, wishes to advise
that the Annual General Meeting of the Company will be held at BDO,
Level 10, 12 Creek Street, Brisbane QLD 4000, Australia on
Wednesday 17 October 2018 at 10.00am (Brisbane time).
The Notice of Annual General Meeting, which contains an
explanatory memorandum, has been sent to shareholders together with
the Company's 2018 Annual Report and these documents are available
for download on the Company's website:
http://tlouenergy.com/investor-centre.
Shareholders will be asked to consider and vote on the
resolutions below. Resolutions 1 to 11 (excluding resolution 3)
will be proposed as ordinary resolutions and resolution 3 will be
proposed as a special resolution.
1. Resolution 1 - Non-Binding Resolution to Adopt Remuneration Report
To consider and, if thought fit, to pass the following
resolution as an ordinary resolution:
"That the Remuneration Report as set out in the Annual Report
for the year ended 30 June 2018 be adopted."
2. Resolution 2 - Re-election of Mr Gabaake Gabaake as a Director
To consider and, if thought fit, to pass the following
resolution as an ordinary resolution:
"That, Gabaake Gabaake, who retires in accordance with Article
46(c) of the Constitution and, being eligible for re-election, be
re-elected as a Director with effect from the close of this Annual
General Meeting."
3. Resolution 3 - Approval of 10% Placement Capacity
To consider, and if thought fit, to pass the following
resolution as a Special Resolution:
"That, for the purposes of ASX Listing Rule 7.1A and for all
other purposes, approval be given for the issue of Equity
Securities of up to 10% of the issued capital of the Company (at
the time of the issue or the agreement to issue) calculated in
accordance with the formula prescribed in ASX Listing Rule 7.1A.2
and on the terms and conditions set out in the Explanatory
Memorandum."
4. Resolution 4 - Ratification of the Issue of Shares Issued on 12 December 2017
To consider and, if thought fit, to pass the following
resolution as an ordinary resolution:
"That, for the purposes of ASX Listing Rule 7.4 and for all
other purposes, the issue of 21,153,845 ordinary fully paid shares
at P1.56 (A$0.1962) on 12 December 2017 to institutional and
sophisticated investors on the terms and conditions set out in
Explanatory Memorandum is ratified."
5. Resolution 5 - Ratification of the Issue of Shares Issued on 20 June 2018
To consider and, if thought fit, to pass the following
resolution as an ordinary resolution:
"That, for the purposes of ASX Listing Rule 7.4 and for all
other purposes, the issue of 24,752,582 ordinary fully paid shares
at A$0.10 or GBP0.0575 on 12 June 2018 to institutional and
sophisticated investors on the terms and conditions set out in
Explanatory Memorandum is ratified."
6. Resolution 6 - Issue of Performance Rights to Mr Anthony Gilby
To consider and, if thought fit, to pass, with or without
amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.14, section 200B of
the Corporations Act and for all other purposes, approval is given
for the issue of 500,000 Performance Rights to Mr Anthony Gilby (or
his nominee), a Director of the Company, pursuant to the Company's
Performance Rights Plan and otherwise on the terms set out in the
Explanatory Memorandum."
7. Resolution 7 - Issue of Performance Rights to Mr Martin McIver
To consider and, if thought fit, to pass, with or without
amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.14, section 200B of
the Corporations Act and for all other purposes, approval is given
for the issue of 500,000 Performance Rights to Mr Martin McIver (or
his nominee), a Director of the Company, pursuant to the Company's
Performance Rights Plan and otherwise on the terms set out in the
Explanatory Memorandum."
8. Resolution 8 - Issue of Performance Rights to Mr Gabaake Gabaake
To consider and, if thought fit, to pass, with or without
amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.14, section 200B of
the Corporations Act and for all other purposes, approval is given
for the issue of 500,000 Performance Rights to Mr Gabaake Gabaake
(or his nominee), a Director of the Company, pursuant to the
Company's Performance Rights Plan and otherwise on the terms set
out in the Explanatory Memorandum."
9. Resolution 9 - Issue of Performance Rights to Mr Colm Cloonan
To consider and, if thought fit, to pass, with or without
amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.14, section 200B of
the Corporations Act and for all other purposes, approval is given
for the issue of 500,000 Performance Rights to Mr Colm Cloonan (or
his nominee), a Director of the Company, pursuant to the Company's
Performance Rights Plan and otherwise on the terms set out in the
Explanatory Memorandum."
10. Resolution 10 - Issue of Performance Rights to Mr Hugh Swire
To consider and, if thought fit, to pass, with or without
amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.14, section 200B of
the Corporations Act and for all other purposes, approval is given
for the issue of 500,000 Performance Rights to Mr Hugh Swire (or
his nominee), a Director of the Company, pursuant to the Company's
Performance Rights Plan and otherwise on the terms set out in the
Explanatory Memorandum."
11. Resolution 11 - Issue of Performance Rights to Ms Linah Mohohlo
To consider and, if thought fit, to pass, with or without
amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.14, section 200B of
the Corporations Act and for all other purposes, approval is given
for the issue of 500,000 Performance Rights to Ms Linah Mohohlo (or
her nominee), a Director of the Company, pursuant to the Company's
Performance Rights Plan and otherwise on the terms set out in the
Explanatory Memorandum."
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3012 9793
Tony Gilby, Managing Director
----------------------
Solomon Rowland, General Manager
----------------------
Grant Thornton (Nominated Adviser) +44 (0)20 7383 5100
----------------------
Samantha Harrison, Colin Aaronson,
Harrison Clarke
----------------------
Shore Capital (Broker) +44 (0) 207 408 4090
----------------------
Jerry Keen, Toby Gibbs, Mark Percy
----------------------
FlowComms Limited (Investor Relations) +44 (0) 7891 677 441
----------------------
Sasha Sethi
----------------------
Company Information
Tlou Energy is focused on delivering Gas-to-Power solutions in
Botswana and southern Africa to alleviate some of the chronic power
shortage in the region. Tlou is developing projects using coal bed
methane ("CBM") natural gas. Botswana has a significant energy
shortage and generally relies on expensive imported power and
diesel generation to fulfil its power requirements. As 100% owner
of the most advanced gas project in the country, the Lesedi CBM
Project, Tlou Energy provides investors with access to a compelling
opportunity using domestic gas to produce power and displace
expensive diesel and imported power.
The Company is listed on the Australian Securities Exchange,
London's AIM market and the Botswana Stock Exchange and is led by
an experienced Board, management and advisory team including
individuals with successful track records in the CBM industry.
Since establishment, the Company has significantly de-risked the
project in consideration of its goal to become a significant
gas-to-power producer. The Company flared its first gas in 2014,
holds a Mining Licence and nine Prospecting Licences, covering an
area of 8,300Km(2) in total, and the Lesedi Project already
benefits from significant independently certified Contingent Gas
Resources of 3.2 trillion cubic feet (3C) and independently
certified Gas Reserves of 261 billion cubic feet (3P).
The Company is planning an initial scalable gas-to-power
project. Following successful implementation of this first scalable
project, the Company looks forward to evaluating longer-term
prospects for the delivery of electricity generated from CBM in
Botswana to neighbouring countries.
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.
END
NOAFMGMLVDGGRZM
(END) Dow Jones Newswires
September 17, 2018 02:01 ET (06:01 GMT)
Tlou Energy (LSE:TLOU)
Historical Stock Chart
From Apr 2024 to May 2024
Tlou Energy (LSE:TLOU)
Historical Stock Chart
From May 2023 to May 2024