DO ensure your pre-emption rights
and shareholder controls are properly protected
On 7 July 2015, the Board of Directors of the Company published a circular with recommended proposals to proceed with a share issuance programme for up to 20 million new ordinary shares in the capital of the Company (the "Share Issuance Programme ") and to disapply pre-emption rights
in respect of the same shares (the "Circular ").
Hess Corporation has concluded its deal to sell its Pangkah asset in Indonesia's East Java Sea to an arm of the country's natural gas distributor and transporter PT Perusahn Gas Negara's unit PT Saka Energi Indonesia, which exercised its pre-emption rights
, for a total post tax consideration of $650 million comprising the sale of equity stakes in certain inter-company debts and certain holding entities.
Number 9 Disapplication of pre-emption rights
(Special Resolution): the figure
i) to decide, during the period up to the next Annual General Meeting, on the issue of new shares with pre-emption rights
for existing shareholders ("rights issue"), whereby holders of shares of series A shall be entitled to subscribe for new A shares and holders of shares of series B shall be entitled to subscribe for new B shares.
Petrobras said in a statement, Shell and ONGC Videsh have exercised their pre-emption rights
for the retrospective acquisition of 23% (for Shell) and 12% (for ONGC Videsh) of the Petrobras stake.
Events occurring since the end of the financial year: * At the company's EGM of January 20, the board was authorized to resolve upon a new share issue with deviation from the existing shareholders' pre-emption rights
and/or a new share issue with pre-emption rights
for the existing shareholders.
Decide on a proposal authorizing the Board to decide on the issue of new shares with pre-emption rights
for existing shareholders ("rights issue")
The Company announces that at the Annual General Meeting held today at Griffin Brewery, Chiswick Lane South, London W4 2QB all resolutions proposed were passed including the Directors' remuneration report and, adoption of a new Savings-Related Share Option Scheme, authority to allot unissued share capital, disapplication of pre-emption rights
, the renewal of the authority to buy back 'A' ordinary shares, the authority to buy back 'B' ordinary shares and the amendment to notice periods for calling general meetings.
About Kazakhstan, it is believed to be mulling over applying its pre-emption rights
to acquire the 8.
The new share issue shall take place with deviation from the existing shareholders' pre-emption rights
on payment in cash, in kind, by set-off and or on other conditions.
The Shareholders' Meeting resolved, in accordance with the proposal by the Board of Directors, to authorize the Board to issue shares and/or convertibles with or without deviation from the shareholders' pre-emption rights