Update on transaction and proposal of name change (4216R)
03 November 2011 - 8:10AM
UK Regulatory
TIDMVLRS
RNS Number : 4216R
Vallares PLC
03 November 2011
VALLARES PLC ("Vallares" or the "Company")
3 November 2011
For immediate release
Update on transaction and proposal to change the name of the
Company to Genel Energy plc
On 7 September 2011, Vallares announced its plans to merge with
Genel Energy International Ltd ("Genel Energy"), the largest oil
producer in the Kurdistan Region of Iraq.
In connection with the proposed merger, Vallares undertook to
use reasonable endeavours to change its name to "Genel Energy plc".
This reflects the fact that, following completion of the
acquisition of Genel Energy, the Company's operating business will
be that of Genel Energy and its subsidiaries, and accordingly the
proposed new name will better reflect the Company's business and
brand.
Vallares has today served a circular to its shareholders to
convene a general meeting of the Company to approve the proposed
name change. The board of directors of the Company has unanimously
recommended that shareholders vote in favour of the proposed name
change. The general meeting will be held at 11.00 a.m. on 18
November 2011 at 12 Castle Street, St Helier, Jersey JE2 3RT,
Channel Islands.
If the resolution is passed, the change of name will become
effective at the same time as completion of the acquisition of
Genel Energy, which is currently expected to occur around 21
November 2011.
For further information, please contact:
Vallares: Julian Metherell +44 207 518 8195
Finsbury: Edward Simpkins +44 20 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUORBRAWAARRA
Vallares (LSE:VLRS)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Vallares (LSE:VLRS)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über Vallares (Londoner Börse): 0 Nachrichtenartikel
Weitere Vallares News-Artikel