Acquisition of Stratic Energy - Voting Procedure
26 Octobre 2010 - 3:56PM
UK Regulatory
TIDMSE.
RNS Number : 0346V
Stratic Energy Corporation
26 October 2010
NEWS RELEASE
Acquisition of Stratic Energy Corporation by EnQuest PLC
Voting Procedures
CALGARY and LONDON, October 26, 2010 - Stratic Energy Corporation (TSX Venture:
'SE', AIM: 'SE.') ("Stratic" or the "Company") wishes to remind shareholders of
the forthcoming special meeting to be held on November 2, 2010 at which
shareholders will be asked to vote upon the previously announced plan of
arrangement (the "Arrangement") with EnQuest PLC ("EnQuest"). The special
meeting is scheduled to be held at 10:00 a.m. (Toronto time) at the Toronto
Marriott Bloor Yorkville Hotel in Toronto, Ontario, Canada.
In order to proceed, the Arrangement must be approved by a majority of not less
than 66 2/3 % of votes cast by shareholders in person or by proxy at the special
meeting and, if endorsed, must also be approved by the Supreme Court of Yukon
pursuant to the arrangement provisions of the Business Corporations Act (Yukon).
Details of the Arrangement and the business of EnQuest are contained in the
Information Circular and Proxy Statement (the "Circular") dated September 28,
2010, which has been posted to shareholders. This document can be accessed at
www.sedar.com and on the Company's website www.straticenergy.com.
Details of the voting procedure, depending on the manner in which the Stratic
shares are held or registered, are set out in the "General Proxy Matters"
section on page 66 of the Circular. Shareholders are urged to ensure that their
instructions regarding the voting of their Stratic shares are properly
communicated to the appropriate person well in advance of the special meeting on
November 2, 2010.
The board of directors of Stratic has unanimously determined that the
Arrangement is in the best interests of Stratic and the Stratic shareholders,
and unanimously recommends that Stratic shareholders vote on favour of the
Arrangement. All of Stratic's directors and senior officers intend to vote
their Stratic shares in favour of the Arrangement.
For further information contact:
Company:
Kevin Watts, President and Chief Executive Officer
+44 20 7766 7900
John van der Welle, Chief Financial Officer
+44 20 7766 7900
Mark Bilsland, Chief Operating Officer
+44 20 7766 7900
Public and investor relations:
Patrick d'Ancona, M:Communications (London)
+44 20 7920 2347
Roger Fullerton (Canada)
+1 952 929 7243
Email: roger.fullerton@straticenergy.com
Financial advisor and NOMAD:
David Kotler, Lazard
+44 20 7187 2000
Nick Fowler, Lazard
+44 20 7187 2000
Website: www.straticenergy.com
Notes to Editors:
EnQuest is an independent oil and gas production and development company focused
on the UK Continental Shelf ("UKCS"). On April 6, 2010 EnQuest was formed from
the demerged UK North Sea assets of Petrofac Limited and Lundin Petroleum AB.
EnQuest shares are listed on the London Stock Exchange and on the NASDAQ OMX
Stockholm and are included in the FTSE250 index and OMX Nordix index on the
respective exchanges. EnQuest is completely unrelated to the company EnQuest
Energy Services Corp., which was formerly listed on the TSX Venture Exchange.
Reader Advisories
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release does not constitute or form part of an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of, securities to
any person to whom or in any jurisdiction in which such offer, solicitation or
sale would be unlawful. The securities to be offered have not been and will not
be registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws, and may not be offered or
sold in the United States or to or for the account or benefit of a U.S. person
unless registered under the U.S. Securities Act and applicable state securities
laws or pursuant to an available exemption from, or in a transaction not subject
to, the registration requirements thereof.
Certain statements made herein constitute forward-looking statements, including
statements concerning the anticipated dates for holding the special meeting of
Stratic shareholders to consider the Arrangement, for applying to the Court for
a final order approving the Arrangement, for completing the Arrangement and for
the delisting of the Stratic shares from the TSX Venture Exchange and the
cancellation of their admission to trading on AIM. Although the Company
believes these statements to be reasonable, the assumptions upon which they are
based may prove to be incorrect.
Completion of the Arrangement is subject to a number of conditions, including
shareholder, court and regulatory approvals and consents. The Arrangement could
be delayed if the Company is not able to obtain all necessary approvals and
consents on expected timelines, or not completed at all if any condition to
closing is not satisfied. There can be no assurance that the Arrangement will
be completed as proposed, or at all.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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