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RNS Number : 9217H

TXO PLC

19 March 2015

TXO PLC

("TXO" or the "Company")

Result of General Meeting

TXO PLC, the AIM-quoted energy resource and clean technology investment company, announces that at the General Meeting of the Company held earlier today all resolutions were duly passed.

As a result, the Company's 1,468,113,722 existing ordinary shares of 0.1p each ("Existing Ordinary Shares") have been consolidated and then sub-divided into 1,468,113 new ordinary shares of 10p ("New Ordinary Shares").

Shareholders will own the same proportion of the issued ordinary share capital as they did before the consolidation and sub-division (subject to fractional entitlements).

98.01% of votes cast were in favour.

19th March 2014

For further information, please contact:

 
 TXO PLC 
  Tim Baldwin, Chairman 
  and CEO                       +44 (0) 207 518 4300 
 
 Lothbury Financial Services 
  Limited 
  Michael Padley / Chris 
  Roberts                       +44 (0) 203 440 7620

Editors' Note

TXO PLC, the AIM quoted oil and gas investment company, has four main investments namely: The Grand Bahama Group Limited ("GBG") which is establishing a waste oil collection facility and Hydrocarbon Recovery Plant in the Bahamas at Freeport and also produces oil from its leases in Western Kentucky, USA; Oil Recovery Services Limited ("ORS"), which has proprietary technology for the reprocessing of contaminated oils and the remediation of dirty water; Oil Tech Royalties Inc ("OTR"), a joint venture company with a licence to commercialise a proprietary acoustic flow reactor valve; Athabasca Resources Limited ("Athabasca Resources") which has signed an agreement to acquire a 50 per cent. farm-in interest in certain Alberta Crown Leases covering 7,936 hectares in the Athabasca oil sands in Alberta, Canada. TXO also has an interest in Tasmania Oil and Gas Limited ("TOG") a joint venture company set-up to exploit a gas and oil opportunity in Tasmania, Australia, which is non-core.

TXO currently holds a 35.67 per cent. interest in GBG, a 25.1 per cent. interest in ORS, a 30 per cent. interest in OTR and an 18.8 per cent. interest in Athabasca Resources. It retains a 25 per cent. interest in TOG.

Ends

This information is provided by RNS

The company news service from the London Stock Exchange

END

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