TIDMBBE

RNS Number : 4141E

Bluebird Energy PLC

30 May 2012

BLUEBIRD ENERGY PLC

(AIM: BBE)

GM Results

Bluebird Energy plc ("Bluebird" or "the Company") announces that at the general meeting held today all resolutions were duly passed to grant the directors authority and to change the Articles in order to enable the interim dividend in specie of part of Bluebird's holding in Wessex Exploration PLC to be made.

The table below gives details of the results of the proxy votes received:

 
 Resolution                   Total Votes   Total Votes   Total Votes 
                                 For *        Against       Withheld 
 Articles change              178,852,933   18,536,670         - 
 Authority to pay dividend 
  in specie                   178,852,933   18,536,670         - 
 
   *      Includes discretionary votes

Therefore, the Distribution will proceed on the terms announced this morning of:

1 Wessex Share for every 18 Bluebird Ordinary Shares

Expected timetable of principal events

 
 Ex-dividend date for entitlement to the           31 May 2012 
  Distribution 
 
 Record Date for entitlement to the Distribution   6 June 2012

Settlement

For Qualifying Shareholders holding Bluebird Ordinary Shares in uncertificated form, their CREST accounts are expected to be credited with their pro rata allocation of Wessex Shares within two business days following the Record Date.

Qualifying Shareholders holding Bluebird Ordinary Shares in certificated form will receive share certificates for their allocation of Wessex Shares within 14 business days following the Record Date.

The Wessex Shares which Qualifying Shareholders receive by way of the Distribution will be in addition to the existing Bluebird Ordinary Shares already held by such Shareholders and these Bluebird shares will continue to be traded on AIM following the Distribution.

Qualifying Shareholders will not be entitled to receive any fractional entitlements arising on the Distribution. An outline of the tax treatment for individual shareholders is contained in the Circular available on the Company's website.

All capitalised terms in this announcement are as defined in the Circular which is available from the Company's website, www.bluebirdenergy.net.

 
 Contacts 
 Bluebird Energy plc             www.bluebirdenergy.net 
 Andrew Yeo - Chief Executive       +44 (0) 1225 428139 
 
 WH Ireland Limited                www.wh-ireland.co.uk 
 John Wakefield / Marc Davies      +44 (0) 117 945 3470

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMAMMBTMBMJBIT

Quoram (LSE:QRM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Quoram.
Quoram (LSE:QRM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Quoram.