An EGM will be held at the Company's offices at
Until now transactions in the shares of the Company have been settled through the CREST system. However, as the
While it will not materially affect the fundamental rights and benefits shareholders have by owning shares, the
The business of the EGM will be to consider and, if thought fit, approve certain resolutions relating to the replacement of CREST with the
While PetroNeft expects the EGM to proceed on
Shareholders should expect the EGM to take place under constrained circumstances. PetroNeft will ensure that all legal requirements of the meeting, in accordance with its Articles of Association, are satisfied with the minimum necessary quorum of three shareholders and physical distancing measures will be in place. The Company asks shareholders to adhere to Irish Government regulations and guidance and vote by proxy on the resolutions set out in the Notice of EGM as early as possible. The Company reserves the right to refuse entry to the meeting where reasonably necessary to comply with the COVID-19 related public health measures and advice. Further details on how to submit a proxy are set out in the Notice of EGM.
PetroNeft will continue to closely monitor the developing situation around COVID-19, including the latest Government guidance, and how this may affect the arrangements for the EGM. Consequently, the EGM is subject to change, possibly at short notice. If it becomes necessary or appropriate to revise the current arrangements for the EGM, further information will be made available as quickly as possible by RNS and at www.petroneft.com.
The Circular, the Form of Proxy and copies of the documents referred to in the Circular are available to view on PetroNeft's website (www.petroneft.com/investor-relations/2021-egm-centre/).
PetroNeft encourages shareholders who wish to submit questions at the EGM to do so in advance by email to info@petroneft.com before
Contact:
Tel: +971 55 1919 808
(C) 2021 Electronic News Publishing, source