REG - Europa Oil & Gas - Result of General Meeting

Europa Oil & Gas (Holdings)Announcement

25/03/2022 14:45

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RNS Number : 1110G  Europa Oil & Gas (Holdings) PLC  25 March 2022

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil
& Gas

 

25 March 2022

Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')

Result of General Meeting

 

Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil
and gas exploration, development and production company, is pleased to
announce that, at the General Meeting held earlier today, each of the
resolutions ('Resolutions') set forth in the Notice convening the meeting
('Notice') were passed.

 

All resolutions were passed on a show of hands.

 

Details of the votes For and Against for each resolution are detailed in the
table below:

 

 

 Resolution No.              For (% of votes cast)  Against (% of votes cast)
 1                           86.09                  13.80
 2                           86.06                  13.83
 3                           85.92                  13.97

 

 

Total Voting Rights

 

It is expected that admission of 390,000,000 new Ordinary Shares will become
effective at 8.00 a.m. on 28 March 2022 ("Admission").

 

On Admission, the Company will have 956,466,985 Ordinary Shares in issue and
there are no shares held in treasury. Therefore, the Company's total number of
Ordinary Shares with voting rights is 956,466,985.

 

The above figure of 956,466,985 may be used by shareholders as the denominator
for the calculations, by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

Director Dealing

 

Certain directors of the Company participated in the Placing as follows:

 

 Director                   Role      Existing shareholding  Existing % shareholding  Allocation (shares)  Participation (% of Placing)  % Holding post Placing
 Simon Oddie                CEO       884,615                0.16%                    2,500,000            0.71%                         0.35%
 Brian O'Cathain            Chairman  634,615                0.11%                    833,333              0.24%                         0.15%
 William Ahlefeldt-Laurvig  NED       34,906,288             6.16%                    833,333              0.24%                         3.74%

 

The notification below, which has been made in accordance with the
requirements of the Market Abuse Regulation, provides further detail.

 

 

* * ENDS * *

 

For further information please visit www.europaoil.com
(http://www.europaoil.com) or contact:

 

 Simon Oddie          Europa                             mail@europaoil.com
 Murray Johnson       Europa                             mail@europaoil.com
 Christopher Raggett  finnCap Ltd                        + 44 (0) 20 7220 0500
 Simon Hicks          finnCap Ltd                        + 44 (0) 20 7220 0500
 Peter Krens          Tennyson Securities                + 44 (0) 20 7186 9033
 James Pope           Turner Pope Investments (TPI) Ltd  + 44 (0) 20 3657 0050
 Oonagh Reidy         St Brides Partners Ltd             + 44 (0) 20 7236 1177
 Ana Ribeiro          St Brides Partners Ltd             + 44 (0) 20 7236 1177

 

 

Notes

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage
hydrocarbon and renewable energy assets which includes production, development
and exploration interests, in countries that are politically stable, have
transparent licensing processes, and offer attractive terms. In the year to 31
July 2021, Europa produced 93 boepd. Production has since increased to over
200 boepd with the Wressle field production. The Company holds two exploration
licences offshore Ireland, which have the potential to host gross mean
un-risked prospective resources of 1.5 trillion cubic feet ('tcf') gas.
Inishkea is a near field gas prospect in the Slyne Basin, which the Company
classifies as lower risk due to its close proximity to the producing Corrib
gas field and associated gas processing infrastructure. In September 2019,
Europa was awarded a 75% interest in the Inezgane permit offshore Morocco.
Initial results of technical work have identified 30 prospects and leads that
have the potential to hold in excess of one billion barrels of unrisked oil
resources. In December 2021, Europa announced a collaboration between Baker
Hughes and CausewayGT to conduct a geothermal clean heat project at the
Company's West Firsby field. If this project is successful, it will prove the
operational ability to extract and use geothermal heat from the site.

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Simon Oddie
 2   Reason for the Notification
 a)  Position/status                                              CEO
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Europa Oil & Gas (Holdings) plc
 b)  LEI                                                          213800JWTCW7TN3WRC06
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary shares of 1p
     Identification code                                          GB00B03CJS30
 b)  Nature of the transaction                                    Subscription for ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  1.8p      2,500,000
 d)  Aggregated information:                                      Subscription for 2,500,000 ordinary shares of 1 pence at 1.8 pence per
                                                                  ordinary share
 e)  Date of the transaction                                      3 March 2022
 f)  Place of the transaction                                     Off market transaction

d)

Aggregated information:

Subscription for 2,500,000 ordinary shares of 1 pence at 1.8 pence per
ordinary share

e)

Date of the transaction

3 March 2022

f)

Place of the transaction

Off market transaction

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Brian O'Cathain
 2   Reason for the Notification
 a)  Position/status                                              Chairman
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Europa Oil & Gas (Holdings) plc
 b)  LEI                                                          213800JWTCW7TN3WRC06
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary shares of 1p
     Identification code                                          GB00B03CJS30
 b)  Nature of the transaction                                    Subscription for ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  1.8p      833,333
 d)  Aggregated information:                                      Subscription for 833,333 ordinary shares of 1 pence at 1.8 pence per ordinary
                                                                  share
 e)  Date of the transaction                                      3 March 2022
 f)  Place of the transaction                                     Off market transaction

d)

Aggregated information:

Subscription for 833,333 ordinary shares of 1 pence at 1.8 pence per ordinary
share

e)

Date of the transaction

3 March 2022

f)

Place of the transaction

Off market transaction

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         William Ahlefeldt-Laurvig
 2   Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Europa Oil & Gas (Holdings) plc
 b)  LEI                                                          213800JWTCW7TN3WRC06
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary shares of 1p
     Identification code                                          GB00B03CJS30
 b)  Nature of the transaction                                    Subscription for ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  1.8p      833,333
 d)  Aggregated information:                                      Subscription for 833,333 ordinary shares of 1 pence at 1.8 pence per ordinary
                                                                  share
 e)  Date of the transaction                                      3 March 2022
 f)  Place of the transaction                                     Off market transaction

d)

Aggregated information:

Subscription for 833,333 ordinary shares of 1 pence at 1.8 pence per ordinary
share

e)

Date of the transaction

3 March 2022

f)

Place of the transaction

Off market transaction

 

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