OGT Intl Oil &Gas

TIDMOGT

RNS Number : 0465J

International Oil and Gas Tech Ltd

06 June 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

06 June 2014

INTERNATIONAL OIL AND GAS TECHNOLOGY LIMITED

(the "Company")

RESULT OF AGM

The Board of International Oil and Gas Technology Limited is pleased to announce that at the Annual General Meeting of its Shareholders, held at 10.30 a.m. on 6 June 2014, all resolutions were duly passed. The details of each resolution are as follows:

ORDINARY RESOLUTIONS

   1.         Audited financial statements 

IT WAS RESOLVED to receive the Directors' Report, the Independent Auditor's Report and the financial statements of the Company for the year ended 31 December 2013.

In Favour - 4,509,568

Against - 351,500

Withheld - Nil

   2.       Re-election of director 

IT WAS RESOLVED to re-elect Christopher Hill as a director of the Company

In Favour - 4,420,568

Against - 351,500

Withheld - 89,000

   3.       Re-election of director 

IT WAS RESOLVED to re-elect John Imle as a director of the Company.

In Favour - 4,772,068

Against - Nil

Withheld - 89,000

   4.       Re-election of director 

IT WAS RESOLVED to re-elect Jeremy Thompson as a director of the Company.

In Favour - 4,420,568

Against - 351,500

Withheld - 89,000

   5.         Re-appointment of auditor 

IT WAS RESOLVED to re-appoint Deloitte LLP as auditor of the Company to hold office until the conclusion of the next Annual General Meeting at which the financial statements are laid before the Company.

In Favour - 4,861,068

Against - Nil

Withheld - Nil

   6.         Auditor's remuneration 

IT WAS RESOLVED to authorise the directors to agree the remuneration of Deloitte LLP as auditor of the Company.

In Favour - 4,861,068

Against - Nil

Withheld - Nil

SPECIAL RESOLUTION

   7.       Purchase of Own Shares 

IT WAS RESOLVED that the Company be generally and unconditionally authorised in accordance with The Companies (Guernsey) Law, 2008 as amended to make market acquisitions of its own participating redeemable preference shares of US$1 each (either for retention as treasury shares for future resale, for transfer or for cancellation), provided that:

i. the maximum number of Shares hereby authorised to be acquired shall be equal to 14.99 per cent of the Company's issued share capital on the date on which this resolution is passed

ii. the minimum price (exclusive of expenses) which may be paid for a Share is US$1, being the nominal value per Share

iii. the maximum price (exclusive of expenses) which may be paid for a Share is an amount equal to the higher of: (a) 105 per cent of the average of the middle market quotations for a Share taken from the London Stock Exchange's Daily Official List for the five business days immediately preceding the day on which the Share is purchased and (b) the higher of the price of the last independent trade and the highest current independent bid at the time of purchase

iv. the authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2015 or, if earlier, on the expiry of 18 months from the passing of this resolution, unless such authority is renewed prior to such time

v. the Company may make a contract to purchase Shares under the authority hereby conferred prior to the expiry of such authority, which contract will or may be executed wholly or partly after the expiration of such authority and may make a purchase of Shares pursuant to any such contract.

In Favour - 4,772,068

Against - 89,000

Withheld - Nil

For further information:

 
Investment Manager 
Linton Capital LLP 
David Sefton                Tel: +44 (0) 20 3384 8090 
dsefton@linton-capital.com 
 
 
Corporate Broker 
Numis Securities 
Nathan Brown       Tel: +44 (0) 20 7260 1426 
n.brown@numis.com 
 

Notes to editors:

International Oil and Gas Technology Limited

International Oil and Gas Technology Limited is an authorised closed-ended investment company incorporated in Guernsey. The Company was admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange on 7 January 2008. Its stock market EPIC is OGT.L.

Further information can be found at www.international-ogt.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGFFMMTMBJMBJI

Intl Oil &Gas (LSE:OGT)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Intl Oil &Gas (LSE:OGT)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024