MEN Molecular Energies Plc

TIDMPPC

RNS Number : 9049S

President Energy PLC

14 March 2019

14 March 2019

PRESIDENT ENERGY PLC

("President", the "Company" or "President Energy")

Result of General Meeting

President Energy (AIM: PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in South America, announces that the resolutions proposed at its General Meeting held earlier today, and as set out in the Offer Document sent to shareholders on 25 February 2019, were all duly passed.

ENDS

For further information please contact:

 
 President Energy PLC 
  Peter Levine, Chairman 
  Rob Shepherd, Group FD                    +44 (0) 207 016 7950 
 finnCap (Nominated Advisor & Joint 
  Broker) 
  Christopher Raggett, Scott Mathieson      +44 (0) 207 220 0500 
 Panmure Gordon (Joint Broker) 
 Charles Lesser, Dominic Morley           +44 (0) 207 886 2500 
 Tavistock (Financial PR) 
  Nick Elwes, Simon Hudson                  +44 (0) 207 920 3150 
 

Notes to Editors

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.

The Company has operated interests in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions, Rio Negro Province as well as in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns. With a strong institutional base of support, including the IFC, part of the World Bank Group, an in-country management team as well as a Board whose interests are aligned to those of its shareholders, President Energy gives UK investors rare access to the Argentinian growth story combined with world class standards of corporate governance, environmental and social responsibility.

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the circular sent to shareholders on 25 February 2019 unless the context requires otherwise.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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