REG - Bowleven plc - Result of GM

BowlevenAnnouncement

28/08/2024 14:30

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RNS Number : 0351C  Bowleven plc  28 August 2024

 

 

 

28 August 2024

 

 

Bowleven plc

("Bowleven" or the "Company")

 

Result of General Meeting and Cancellation of Admission to Trading on AIM

 

Bowleven, the African focused oil and gas exploration and production company
with key interests in Cameroon, announces that all Resolutions set out in the
circular, containing, inter alia, a notice of general meeting, published by
the Company on 9 August 2024 (the "Circular"), and put to the Company's
Shareholders at the General Meeting of the Company held earlier today, were
duly passed.

 

The number of votes cast for and against each of the Resolutions proposed, and
the number of votes withheld were as follows:

 

 Special Resolution Number  Special Resolution Name                                      Votes for                         Votes Against                     Votes Withheld*  Total Votes Cast (excl. withheld)
                            No. of shares                                                               % of shares voted  No. of shares  % of shares voted  No. of shares
 1                          AIM cancellation                                             1,243,826,486  97.40              33,261,940     2.60               233,388          1,277,088,426
 2                          Re-registration and adoption of new articles of association  1,243,844,774  97.40              33,228,821     2.60               248,219          1,277,073,595

*A vote withheld is not a vote in law and is not counted in the calculation of
the proportion of votes 'For' or 'Against'

 

In accordance with the passing of Resolution 2, the Company will re-register
as a private limited company with the name Bowleven Limited and will adopt new
articles of association, which is expected to take place on or around 25
September 2024.

 

The full text of the resolutions proposed and passed at the General Meeting
can be found in the Circular which is available on the Company's website:
https://www.bowleven.com/ (https://www.bowleven.com/) .

 

AIM Delisting

 

Following approval by Shareholders at the General Meeting, the admission of
the ordinary shares of 0.1 pence in the capital of the Company (the "Ordinary
Shares") to trading on AIM will be cancelled {the "AIM Delisting"). The AIM
Delisting is expected to take place at 7:00 a.m. on 24 September 2024 and,
accordingly, the last day of dealings in Ordinary Shares on AIM is expected to
be 23 September 2024.

 

Exit Opportunity

 

Shareholders are reminded that the Exit Opportunity provided by Crown Ocean
Capital closes at 1.00 p.m. on 11 September 2024 and the Company anticipates
announcing the number of Shares sold pursuant to

the Exit Opportunity on 12 September 2024. Further details regarding the Exit
Opportunity can be found in the Circular.

 

Matched Bargain Facility

 

It remains the Company's intention to provide a matched bargain facility to
assist Shareholders wishing to trade in Ordinary Shares following the AIM
Delisting. Further details with respect to the matched bargain facility, to be
provided by J P Jenkins, will be made available in due course on the Company's
website https://www.bowleven.com (https://www.bowleven.com) .

 

Capitalised terms used but not otherwise defined in this announcement have the
meanings given to them in the Circular.

 

ENQUIRIES

 

For further information, please contact:

 

 Bowleven plc
 Eli Chahin, Chief Executive       + 44 20 3327 0150

 Camarco (Financial PR)
 Owen Roberts                      + 44 20 3757 4980
 Hugo Liddy

 Shore Capital (NOMAD and Broker)
 Daniel Bush                       + 44 20 7408 4090

 Rachel Goldstein

 

 

 

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