TIDMMRP 
 
RNS Number : 3243D 
Meridian Petroleum PLC 
30 November 2009 
 

Monday 30 November 2009 
 
 
MERIDIAN PETROLEUM plc 
("Meridian" or "the Company") 
 
 
Result of Extraordinary General Meeting 
 
 
The Board of Meridian announces that both Special Resolutions proposed at the 
Extraordinary General Meeting held today at 11.00 a.m. were passed without 
amendment. thereby enabling the proposed Placing and Open Offer of, in 
aggregate, 27,614,498 New Ordinary Shares, the Capital Reorganisation, and 
certain other related matters to proceed. 
 
 
Consequently, the name of the Company shall change to President Petroleum 
Company PLC with effect from 30 November 2009, with a new London Stock Exchange 
ticker symbol of PPC, a new website address of www.presidentpc.com, and an 
issued share capital of 45,446,492 Ordinary Shares of 1 penny each. 
 
 
The above figure (45,446,492) may be used by shareholders as the denominator for 
the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in the Company. 
 
 
Further details of the Resolutions are set out in the circular published by the 
Company, announced on 30 November 2009 and sent to Shareholders on 2 November 
2009 (the "Circular"). 
 
 
Details of the proxy votes received prior to the Extraordinary General Meeting 
are as set out in the table below. The number of Ordinary Shares (each carrying 
one vote) in issue on 30 November 2009 was 16,093,494. 
 
 
+------------+-----------+------------+------------+------------+------------+ 
| Resolution |          For           |        Against          |  Withheld  | 
+------------+------------------------+-------------------------+------------+ 
|            |  Number   |     %      |  Number    |     %      |  Number    | 
+------------+-----------+------------+------------+------------+------------+ 
| 1          |2,895,717  |   99.8%    |   6,666    |    0.2%    |   2,093    | 
+------------+-----------+------------+------------+------------+------------+ 
| 2          |2,902,383  |  100.0%    |    nil     |    nil     |   2,093    | 
+------------+-----------+------------+------------+------------+------------+ 
 
 
Notes: 
  1.  Percentages in table above represent % of votes cast. 
  2.  Any proxy appointments which gave discretion to the Chairman have been included 
  in the 'for' total. 
  3.  A 'vote withheld' is not a vote in law and is not counted in the calculation of 
  the proportion of the votes 'for' and 'against' a resolution. 
 
 
 
The full text of the Resolutions can be viewed on the Company's website, 
currently  www.meridianpetroleum.com which will 
become www.presidentpc.com following Admission 
 
 
 
 
The Placing and Open Offer, in addition to the amendments to the terms of the 
Company's Loan Facility with Macquarie, the cancellation of the Warrants and 
Options and the Subscription, the Capital Reorganisation, the proposed Change of 
Name and adoption of New Articles, remain conditional upon the Placing Agreement 
becoming unconditional in all respects and upon Admission. 
 
 
 
Set out below is an expected timetable of principal events in relation to the 
Placing and Open Offer. 
 
 
+--------------------------------------------------+---+--------------------+ 
| Event                                            |   | Time / date        | 
+--------------------------------------------------+---+--------------------+ 
| Capital Reorganisation implemented               |   | 30 November 2009   | 
+--------------------------------------------------+---+--------------------+ 
| Admission and dealings in the Redenominated      |   | 8.00 a.m. on       | 
| Shares and the New Ordinary Shares commence      |   | 1 December 2009    | 
+--------------------------------------------------+---+--------------------+ 
| Expected date for crediting of New Ordinary      |   | 8.00 a.m. on       | 
| Shares in uncertificated form to CREST stock     |   | 1 December 2009    | 
| accounts                                         |   |                    | 
+--------------------------------------------------+---+--------------------+ 
| Expected date of despatch of share certificates  |   | 7 December 2009    | 
| in respect of New Ordinary Shares in             |   |                    | 
| certificated form                                |   |                    | 
+--------------------------------------------------+---+--------------------+ 
 
 
 
 
Notes: 
  1.  All references to time in this announcement are to time in London. 
  2.  The times and dates set out in the expected timetable of principal events above 
  and mentioned throughout this announcement may be adjusted by the Company in 
  which event details of the new dates will be notified to AIM and, where 
  appropriate, to Shareholders. 
 
 
 
This announcement should be read in conjunction with the full text of the 
Circular published by the Company on 2 November 2009. Definitions used in the 
Circular shall have the same meanings when used in this announcement unless the 
context otherwise requires. 
 
 
Copies of the Circular are available for a period of twelve months on the 
Company's website at www.meridianpetroleum.com 
(www.presidentpc.com following Admission) free of charge in accordance with the 
requirements of Rule 26 of the AIM Rules. 
 
 
For further information contact: 
 
 
+-------------------------------------------+-------------------------------+ 
| Meridian Petroleum                        |          +44 (0) 207 811 0140 | 
+-------------------------------------------+-------------------------------+ 
| Stephen Gutteridge, Chairman              |                               | 
+-------------------------------------------+-------------------------------+ 
|                                           |                               | 
+-------------------------------------------+-------------------------------+ 
| Evolution Securities                      |          +44 (0) 207 071 4300 | 
+-------------------------------------------+-------------------------------+ 
| Robert Collins, Tim Redfern, Adam James   |                               | 
+-------------------------------------------+-------------------------------+ 
|                                           |                               | 
+-------------------------------------------+-------------------------------+ 
| Financial Dynamics                        |          +44 (0) 207 831 3113 | 
+-------------------------------------------+-------------------------------+ 
| Ben Brewerton/Ed Westropp                 |                               | 
+-------------------------------------------+-------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGGGMFMVGRGLZM
Meridian Petroleum (LSE:MRP)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Meridian Petroleum Charts.
Meridian Petroleum (LSE:MRP)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Meridian Petroleum Charts.