Result of General Meeting

16 April 2020

Anglo African Oil & Gas plc announces that, at the general meeting, which was held at 12.00 noon today (the "General Meeting") the resolution put to the meeting was duly passed. 

The passing of the resolution at the General Meeting has the effect of amending the consideration payable by Zenith Energy Limited for an 80% interest in Anglo African Oil & Gas Congo SA (the "Disposal") in the manner as announced on 24 March 2020. The Disposal remains subject to certain regulatory requirements in the Republic of Congo, including consent of the Minister of Hydrocarbons. The timing of these consents remains uncertain given the Covid-19 pandemic. Should the Disposal complete, the Company will become an AIM Rule 15 cash shell.

The result of Poll votes:

 

Resolution

For

Against

Total votes
cast

Percentage
of total
votes cast
%

Withheld

Total of poll

Percentage
of total
poll %

Approve the sale of 80% AAOGC

174,694,168

557,238

175,251,406

99.7%

37,115

175,288,521

99.7%

 

Enquiries:

Anglo African Oil & Gas plc

[email protected]

Sarah Cope, Non-Executive Chair

 

 

 

finnCap Ltd (Nominated Adviser)

Tel: +44 20 7220 0500

Christopher Raggett, Giles Rolls, Teddy Whiley (Corporate Finance)

 

Camille Gochez (ECM)