Cap Energy Ltd
LSE : CAPP

May 01, 2012 09:00 ET

Result of General Meeting

                                                                                                     1 May 2012
                                                                                      GB00B7KFPB91/GBP/PLUS-exn

                                              CAP ENERGY LIMITED
                                           ("Cap" or the "Company")
                                                       
                                           Result of General Meeting
                                                       
The  Directors  of  Cap  are pleased to announce that the resolutions proposed at the General  Meeting  of  the
Company held today to:

1    authorise the waiver by the Panel  of  any  requirement for Global Energy Trade Limited ("GET") to make a
     general offer under Rule 9 of the City Code;

2    authorise the directors to allot shares pursuant to section 551 of the Companies Act 2006;

3    approve  the  re-organisation  of  the  existing ordinary share capital into new classes of New  Ordinary
     Shares and Deferred Shares;

4    adopt the new articles of association; and

5    disapply  pre-emption  rights  in  respect  of  the  allotment  of shares pursuant to section 570 of the
     Companies Act 2006

have all been duly passed.

Accordingly, the Proposals are expected to be completed and dealings in the 39,759,867 New Ordinary Shares  are
expected to commence on the PLUS-quoted Market on 3 May 2012.

As  set out in the circular to Shareholders dated 5 April 2012, the Directors intend to re-register the Company
as a public limited company after the Proposals have been completed. Prior to re-registration taking place, the
Company  will continue to trade under the name Cap Energy Limited. Certificates in respect of the New  Ordinary
Shares,  which  will  remain  valid once the re-registration has taken place, are  expected  to  be  posted  to
Shareholders on 11 May 2012.

On Admission, GET will be interested in 30,000,000 Ordinary Shares, representing 75.45 per cent of the Enlarged
Issued Share Capital.

Terms  defined  in the circular to Shareholders dated 5 April 2012 have the same meaning in this  announcement,
unless the context requires otherwise.

The Directors of Cap are responsible for the contents of this announcement.

Contact details:

Cap Energy Limited
Tim Hearley, Director
Tel: +44 (0) 7850 390 998

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Tel: +44 (0) 20 7368 6959

Contact Information

  • Cap Energy Ltd