Source - SMW
Kea Petroleum's conditional sale of its interest in the  PEP51153 licence area and the proposed disposal of the PEP381204 licence area were approved by shareholders at a general meeting today.

Shareholders approved all resolutions at the meeting, including the adoption of  the investing policy as outlined in the shareholder circular dated 26 June and the proposed reorganisation with each existing ordinary share being subdivided and converted into one new ordinary share of 0.1p and one new deferred share of 0.9p.

The share reorganisation becomes effective at 7 a.m. tomorrow.