REG - Green Dragon Gas Ltd - Result of AGM <Origin Href="QuoteRef">GDG.L</Origin>

G3 ExplorationAnnouncement

20/12/2017 13:20

RNS Number : 9609Z
Green Dragon Gas Ltd
20 December 2017
20 December 2017
GREEN DRAGON GAS LTD
("Green Dragon Gas", "GDG" or the "Company")
Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of coal bed methane ("CBM") gas in China,is pleased to announce that all resolutions were duly passed at its Annual General Meeting ("AGM") held on Wednesday, 20 December 2017. 
As per the Notice of AGM announced on 6 December 2017, and approved by shareholder vote at the AGM, GDG plans to list the Company's producing assets, within theGSS Production Sharing Contracts (60% interest in GSS Block, and 47% interest in GCZ Block)onto the Hong Kong Stock Exchange as a dividend in specie.GDG's remaining exploration and development assets will continue to be listed on the LSE Main Market. The London listed entity will undergo a name change and rebranding to G3 Exploration Limited, which will be effective at the start of 2018. 
A copy of the presentation delivered at the Annual General Meeting will be available on the Company's website later today atwww.greendragongas.com.
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For further information on the Company and its activities, please refer to the website atwww.greendragongas.comor contact:
FTI Consulting
Edward Westropp / Kim Camilleri / Elizabeth Burnham / Toby Chidavaenzi
Tel: +44 20 3727 1000
About Green Dragon Gas Ltd
Green Dragon Gas is a leading independent gas producer with operations in China and is listed on the main market of the London StockExchange (LSE: GDG). The Company has559Bcf of 2P reserves and2,386BCF of 3P reserves across eight production blocks covering over 7,566km of license area in the Shanxi, Jiangxi, Anhui and Guizhou provinces. It holds six Production Sharing Agreements with strong, highly capitalised Chinese partners including CUCBM (CNOOC), CNPC and PetroChina, and has infrastructure in place to support multiple routes to monetise gas production.

This information is provided by RNS
The company news service from the London Stock Exchange
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