REG - Borders & Southern - Result of General Meeting

Borders and Southern PetroleumAnnouncement

21/03/2025 10:30

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RNS Number : 6847B  Borders & Southern Petroleum plc  21 March 2025

 

 

21 March 2025

 

Borders & Southern Petroleum plc

("Borders & Southern" or the "Company")

 

Result of General Meeting

 

Borders & Southern Petroleum plc (AIM: BOR), the London based independent
oil and gas exploration company with appraisal and exploration assets offshore
the Falkland Islands, is pleased to advise that at the General Meeting held
earlier today all resolutions were passed.

 

The results of the proxy voting were:

 

 Resolution                                           Percentage proxy votes in favour
 1. Authority to allot relevant securities            99.56%
 2. Disapplication of shareholder pre-emption rights  97.95%

 

Admission and Total Voting Rights

 

Application has been made for admission of the 46,315,789 new shares to
trading on AIM ("Admission") and it is expected that Admission will occur on
or around 24 March 2025. The new shares will rank pari passu with the
existing Ordinary Shares of 1 pence each in the capital of the Company.

 

Following Admission, the total issued share capital of the Company will
consist of 877,630,245 Ordinary Shares each with voting rights. The Company
does not hold any Ordinary Shares in treasury. Therefore, the total number of
voting rights in the Company will be 877,630,245 and this is the figure 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
in their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

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

 

 

 Borders & Southern Petroleum plc                               Tel: 020 7071 6984
 Harry Baker, CEO

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)  Tel: 020 3470 0470

 Stuart Gledhill

 Richard Hail

 Adam Cowl

 Zeus (Joint Bookrunner)                                        Tel: 0203 829 5000
 Nick Searle

 Simon Johnson

 Antonio Bossi

 Andrew de Andrade

 Hannam & Partners (Joint Bookrunner)                           Tel: 0207 907 8500
 Neil Passmore

 Leif Powis

 Tavistock (Financial PR)                                       Tel: 020 7920 3150
 Simon Hudson

 Nick Elwes

 

 

 

 

Notes to Editors:

Borders & Southern Petroleum plc is an oil & gas exploration company
listed on the London Stock Exchange AIM (BOR). The Company operates and has a
100% interest in three Production Licences in the South Falkland Basin
covering an area of nearly 10,000 square kilometres. The Company has acquired
2,517 square kilometres of 3D seismic and drilled two exploration wells,
making a significant gas condensate discovery with its first well.

 

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