LPP Lapp Plats

 

TIDMLPP 
 
RNS Number : 0258V 
Lapp Plats Plc 
02 July 2009 
 

2 July 2009 
 
 
Lapp Plats plc (to be renamed Cove Energy plc) 
 
 
Result of AGM 
 
 
Lapp Plats plc ("Cove Energy") is pleased to announce that following its AGM 
held earlier today all resolutions were duly passed. 
 
 
With regards to the proposed changes to the Board, company strategy and change 
of name as announced on 27 May 2009, the Company would like to confirm that 
shareholder approval was unanimously given. Following this, the Board is pleased 
to announce that effective from the market open on Monday 6 July 2009, the 
Company will be known as Cove Energy plc, with the ticker 'COV'. 
 
 
Cove Energy's renewed operational focus and strategy is to identify and acquire 
oil and gas assets in the early phase of the upstream life-cycle and mature them 
into marketable opportunities for the medium and larger oil and utility 
companies. The Company's initial focus will be on Africa and the Mediterranean. 
The Company will be "opportunity driven" but the objective is to target assets 
in areas where larger oil companies are not yet active or have overlooked 
opportunities. Cove Energy will also seek out assets owned by companies in 
distress as a result, for instance, of the current global economic climate. 
 
 
Michael Blaha, Chairman of Cove Energy plc, said: 
 
 
"We are delighted to have received unanimous shareholder support for our renewed 
strategic direction, name change and Board. Following the announcement of our 
successful placing of shares to raise GBP4.2m on 29 June 2009, we are now in the 
position to realise our new strategic direction and look forward to updating the 
market as to our progress." 
 
 
-Ends- 
 
 
For further information, please contact: 
+----------------------------------------------+-------------------------+ 
| Lapp Plats plc                               |                         | 
+----------------------------------------------+-------------------------+ 
| John Craven, CEO                             |   Tel: + 353 1 662 4351 | 
| Michael Nolan, Company Secretary             |                         | 
+----------------------------------------------+-------------------------+ 
 
 
+----------------------------------------------+-------------------------+ 
| Cenkos Securities                            |                         | 
+----------------------------------------------+-------------------------+ 
| Jon Fitzpatrick / Ken Fleming                |     Tel: +44 (0)131 220 | 
|                                              |                    6939 | 
+----------------------------------------------+-------------------------+ 
 
 
+----------------------------------------------+-------------------------+ 
| Financial Dynamics                           |                         | 
+----------------------------------------------+-------------------------+ 
| Billy Clegg / Edward Westropp                |     Tel: +44 (0)20 7831 | 
|                                              |                    3113 | 
+----------------------------------------------+-------------------------+ 
 
 
Note to Editors: 
 
 
Cove Energy's strategy is to identify and acquire oil and gas assets in the 
early phase of the upstream life-cycle and mature them into marketable 
opportunities for the medium and larger oil and utility companies. The Company's 
initial focus will be on Africa and the Mediterranean.  The Company will be 
"opportunity driven" but the objective is to target assets in areas where larger 
oil companies are not yet active or have overlooked opportunities. Cove Energy 
will also seek out assets owned by companies in distress as a result, for 
instance, of the current global economic climate. 
 
 
The Company intends to operate with a minimum level of staffing but with a 
larger experienced "virtual" skills-pool from where it can draw on relevant 
experience on a case-by-case basis. The Company intends at the outset to partner 
and joint venture with investors and associates who will support Cove Energy 
with commercial skills and influence in areas where the Company intends to grow 
its business. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RAGFGGGNZZMGLZM 
 

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