Cabot Energy PLC Result of EGM (5595U)

TIDMCAB

RNS Number : 5595U

Cabot Energy PLC

25 November 2019

Cabot Energy Plc

("Cabot", the "Group" or the "Company")

Result of Extraordinary General Meeting

Cabot Energy Plc (AIM: CAB), the AIM quoted oil and gas company focussed on creating predictable production growth in Canada, announces that at the Extraordinary General Meeting held earlier today, all resolutions proposed were duly passed.

Accordingly, as stated in the Company's circular to shareholders dated 8 November 2019 (the "Circular") and its announcement of the same date, the last day of dealings in Cabot's Ordinary Shares will be 2 December 2019, and at 7.00 a.m. on 3 December 2019 the admission to trading on AIM of Cabot's Ordinary Shares will be cancelled. In addition, Cabot will re-register as a private company and adopt the New Articles following the Cancellation.

Further to the Circular, the Company will put in place an auction-based secondary market trading facility with Asset Match Limited to assist shareholders to trade in the Ordinary Shares from the day of Cancellation. Asset Match Limited is authorised and regulated by the Financial Conduct Authority. This facility will initially be established by the Company for a minimum of one year from the date of Cancellation and will be reviewed by the Company on a quarterly basis thereafter. Full details will be made available to Shareholders on the Company's website at www.cabot-energy.com and directly by letter or e-mail (where appropriate). Shareholders may contact Asset Match in relation to any queries regarding trading via the secondary market trading facility by emailing dealing@assetmatch.com.

Admission of Subscription Shares and Total Voting Rights

The Company confirms that High Power Petroleum ("H2P") has subscribed for 28,615,862 Subscription Shares. It is anticipated that Admission will become effective and dealings in the Subscription Shares will commence at 8.00 a.m. on 27 November 2019. Following Admission of the Subscription Shares, H2P will have a resultant interest in a total of 61,719,431 Ordinary Shares representing approximately 82.89 per cent of the Ordinary Shares in issue.

Following the issue of the Subscription Shares, the Company will have a total of 74,460,984 Ordinary Shares in issue and no shares are held in treasury. Accordingly, this figure will be the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further details of the Cancellation, re-registration as a private company and Subscription Shares are set out in both the Circular and announcement referred to above. Capitalised terms used but not defined in this announcement have the meaning given to them in the Circular. A copy of the Circular is available on the Company's website, at: www.cabot-energy.com/investors/documents-circulars/

-Ends-

Enquiries:

 
Cabot Energy Plc                          +44 (0)20 7469 2900 
James Dewar, Interim Non-Executive 
 Chairman 
 Scott Aitken, CEO 
 Petro Mychalkiw, CFO 
 
SP Angel Corporate Finance LLP            +44 (0)20 3470 0470 
Nominated Adviser and Broker 
David Hignell, Richard Hail, Richard 
 Redmayne 
 
Luther Pendragon                          +44 (0)20 7618 9100 
Financial PR 
Harry Chathli, Alexis Gore, Joe Quinlan

Note to Editors:

Cabot Energy Plc (AIM: CAB) is an oil and gas company focussed on creating predictable production growth in Canada. Comprehensive information on Cabot and its oil and gas operations, including press releases, annual reports and interim reports are available from Cabot's website: www.cabot-energy.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 25, 2019 07:13 ET (12:13 GMT)

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