1 September 2022
Phoenix Global Resources plc
("Phoenix" or the "Company")
Result of General Meeting
The Board of Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), the upstream oil and gas company, announces that the special resolutions to approve the Company's Cancellation and Re-registration put to Shareholders at the General Meeting held earlier today were duly passed on a show of hands.
If the voting had been on a poll the proxy votes received in advance of the meeting on each resolution are set out below:
| Special Resolution | Votes for | % | Votes against | % | Votes withheld | % |
| 1 - To approve the cancellation of the admission to trading on AIM of the ordinary shares of 10 pence each in the capital of the Company | 2,432,849,199 | 99.06 | 22,996,113 | 0.94 | 3,961 | 0.00 |
| 2 - To approve: (a) the re‐registration as a private company with the name "Phoenix Global Resources Limited"; and (b) new Articles of Association | 2,432,849,199 | 99.06 | 22,996,113 | 0.94 | 3,961 | 0.00 |
As a result, it is expected that the last day of dealings in the Company's Ordinary Shares on AIM will be 14 September 2022 and the Cancellation will become effective at 7.00 a.m. on 15 September 2022.
The expected timetable of principle events is set out below:
| Exit Opportunity closes | 1.00 p.m. on 7 September 2022 |
| Company's announcement of number of Shares sold pursuant to the Exit Opportunity | 9 September 2022 |
| Expected last day of dealings in Ordinary Shares on AIM | 14 September 2022 |
| Expected last day of dealings in Ordinary Shares on BASE | 14 September 2022 |
| Expected time and date of the AIM Cancellation | 7.00 a.m. on 15 September 2022 |
| Expected time and date of the BASE Cancellation | 15 September 2022 |
| Expected date of Re-registration | 29 September 2022 |
Notes:
1. Each of the times and dates in the above timetable are subject to change. If any of the above times or dates change, the revised times or dates will be notified to Shareholders by means of an announcement made through a Regulatory Information Service (as defined in the AIM Rules). All references to times in announcement are to London times unless otherwise stated.
All defined terms in this announcement, unless otherwise defined, will have the same meaning as those defined in the Circular dated 3 August 2022.
Ends
For further information, please contact:
| Phoenix Global Resources plc | Nigel Duxbury, Company Secretary
| T: +44 20 3912 2800
|
|
Shore Capital Nominated Adviser and Joint Broker
|
Toby Gibbs David Coaten |
T: +44 20 7408 4090 |
|
Panmure Gordon Joint Broker |
John Prior Atholl Tweedie |
T: +44 20 7886 2500 |
About Phoenix
Phoenix Global Resources is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange (AIM: PGR) and the Buenos Aires Stock Exchange (BCBA: PGR) and offers its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources. The Company has over 0.8 million licenced working interest acres in Argentina (of which approximately 0.7 million are operated), 71.1 million boe of working interest 2P reserves and average working interest production of 4,553 boepd in 2021. Phoenix has significant exposure to the unconventional opportunity in Argentina through its approximately 0.4 million working interest acres with Vaca Muerta and other unconventional potential.
The Company's website is www.phoenixglobalresources.com
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