Petroneft Resources Plc

AGM Information • Sep 18, 2015

National Storage Mechanism | Additional information

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RNS Number : 5654Z

Petroneft Resources PLC

18 September 2015

18 September 2015

PetroNeft Resources plc

("PetroNeft" or the "Company")

Annual General Meeting

The 2015 Annual General Meeting of the Company was held in Dublin earlier today. Resolutions 1, 2, 4, 7 and 8 were duly approved by shareholders by way of show of hands.

With the agreement of the meeting resolution 3 was withdrawn due to the retirement of Mr. Sobraliev as announced earlier today.

Resolutions 5 and 6 relate to the Boards ability to allot shares and to disapply pre-emption rights in certain limited circumstances. Both were proposed as special resolutions which require approval of shareholders representing not less than 75% of votes cast. While both resolutions 5 and 6 were approved by shareholders by way of show of hands, the Chairman advised the meeting that because of the number of proxies received the resolutions would not achieve a sufficient majority if a poll was called. With the agreement of the meeting the Chairman declared that resolutions 5 and 6 were not carried without the need for a formal poll.

A new shareholder presentation has been uploaded to the Company website at: www.petroneft.com/investor-relations/presentations/ 

For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc	+353 1 443 3720
Paul Dowling, CFO, PetroNeft Resources plc	+353 1 443 3720
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)	+353 1 679 6363
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)	+44 207 523 8000
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson	+44 207 638 9571
Joe Murray/Joe Heron, Murray Consultants	+353 1 498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

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