Result of General Meeting
16 December, 2013
London, 16 December 2013: Ophir Energy plc (“Ophir” or the “Company”) announces that at its General Meeting held today, the resolution put to shareholders was duly passed on a poll. The poll results showing the number of votes received for and against the resolution are shown below.
Full details of the resolution passed, together with explanatory notes, are set out in the Shareholder Circular including Notice of General Meeting dated 29 November 2013 which is available on the Company’s website at www.ophir-energy.com
The resolution was proposed as an ordinary resolution.
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Resolution
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For/Discretion
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Against
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Total
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Vote Withheld*
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To approve the disposal of the Sale Assets to (i) Pavilion Energy on the terms set out in the Farm-Out Agreement, or (ii) the BG Group on the terms set out in a disposal agreement to be entered into with the BG Group on the same terms and conditions as the Farm-Out Agreement if the BG Group exercises its Pre-Emption Rights.
|
478,791,680 (99.9992%)
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3,500(0.0008%)
|
478,795,180
|
1,795,796
|
*‘Vote Withheld’ is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' the resolution.
Those in attendance of the General Meeting were informed prior to voting on the resolution that the period for the BG Group to exercise its Pre-Emption Rights expired yesterday, 15 December 2013, and that no notice had been received from the BG Group electing to exercise its Pre-Emption Rights within that period.
In accordance with LR 9.6.2 of the UK Listing Authority, Ophir has submitted copies of the resolution passed at its General Meeting to the National Storage Mechanism which will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM
Capitalised terms used in this announcement but not otherwise defined herein shall have the same meanings given in the Shareholder Circular including Notice of General Meeting dated 29 November 2013.