RNS Number : 6239G
Petrel Resources PLC
27 July 2021
 

                                                                                            

 

 

27th July 2021

 

Petrel Resources plc

("Petrel" or "the Company")

 

Results of Annual General Meeting

 

 

At the Petrel Resources plc Annual General Meeting, held on 27th July 2021 in the Hotel Riu Plaza The Gresham, 23 O'Connell Street Upper, Dublin 1, D01 C3W7 at 10.00 am, all the resolutions which were put to the meeting were duly passed. 

 

At a board meeting held prior to the AGM, John Teeling indicated that he wished to step aside as Chairman, while remaining a non-executive director.

 

David Horgan was then appointed Executive Chairman, and briefed shareholders on the Company's projects, including our exploration and development proposals to the Iraqi authorities, ongoing discussions with Ghanaian and other officials. No new information was shared as part of this briefing as compared to that disclosed in the Company's 2020 Annual Report, which is available on its website.

 

The Tamraz Group has not yet resolved its issues or released the 32 million Petrel shares which 3 individuals had pledged to a finance company in 2019. Accordingly, the High Court injunction on these 32 million Petrel shares remains in place. 

 

Petrel Resources plc looks forward to accelerating progress with the restoration of normal international business, as the world emerges from the C-19 pandemic.

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

Ends

 

 

 

 

For further information please visit http://www.petrelresources.com/ or contact:

 

Petrel Resources

 

John Teeling, Chairman

+353 (0) 1 833 2833

David Horgan, Director

 

 

 

Nominated Adviser and Broker

 

Beaumont Cornish - Nominated Adviser 
 

Roland Cornish

Felicity Geidt

 


+44 (0) 020 7628 3396

Novum Securities Limited - Broker 
Colin Rowbury

 

+44 (0) 20 399 9400

 

 

 

Blytheweigh - PR
Megan Ray
Madeleine Gordon-Foxwell

+44 (0) 207 138 3206

+44 (0) 207 138 3553

+44 (0) 207 138 3208

 

 

Teneo

Luke Hogg

Alan Tyrrell

Thomas Shortall

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

 

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