Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
25 March 2022
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
Result of General Meeting
Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, is pleased to announce that, at the General Meeting held earlier today, each of the resolutions ('Resolutions') set forth in the Notice convening the meeting ('Notice') were passed.
All resolutions were passed on a show of hands.
Details of the votes For and Against for each resolution are detailed in the table below:
| Resolution No. | For (% of votes cast) | Against (% of votes cast) |
| 1 | 86.09 | 13.80 |
| 2 | 86.06 | 13.83 |
| 3 | 85.92 | 13.97 |
Total Voting Rights
It is expected that admission of 390,000,000 new Ordinary Shares will become effective at 8.00 a.m. on 28 March 2022 ("Admission").
On Admission, the Company will have 956,466,985 Ordinary Shares in issue and there are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares with voting rights is 956,466,985.
The above figure of 956,466,985 may be used by shareholders as the denominator for the calculations, by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Director Dealing
Certain directors of the Company participated in the Placing as follows:
| Director | Role | Existing shareholding | Existing % shareholding | Allocation (shares) | Participation (% of Placing) | % Holding post Placing |
| Simon Oddie | CEO | 884,615 | 0.16% | 2,500,000 | 0.71% | 0.35% |
| Brian O'Cathain | Chairman | 634,615 | 0.11% | 833,333 | 0.24% | 0.15% |
| William Ahlefeldt-Laurvig | NED | 34,906,288 | 6.16% | 833,333 | 0.24% | 3.74% |
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
* * ENDS * *
For further information please visit www.europaoil.com or contact:
| Simon Oddie | Europa | mail@europaoil.com |
| Murray Johnson | Europa | mail@europaoil.com |
| Christopher Raggett | finnCap Ltd | + 44 (0) 20 7220 0500 |
| Simon Hicks | finnCap Ltd | + 44 (0) 20 7220 0500 |
| Peter Krens | Tennyson Securities | + 44 (0) 20 7186 9033 |
| James Pope | Turner Pope Investments (TPI) Ltd | + 44 (0) 20 3657 0050 |
| Oonagh Reidy | St Brides Partners Ltd | + 44 (0) 20 7236 1177 |
| Ana Ribeiro | St Brides Partners Ltd | + 44 (0) 20 7236 1177 |
Notes
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon and renewable energy assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. In the year to 31 July 2021, Europa produced 93 boepd. Production has since increased to over 200 boepd with the Wressle field production. The Company holds two exploration licences offshore Ireland, which have the potential to host gross mean un-risked prospective resources of 1.5 trillion cubic feet ('tcf') gas. Inishkea is a near field gas prospect in the Slyne Basin, which the Company classifies as lower risk due to its close proximity to the producing Corrib gas field and associated gas processing infrastructure. In September 2019, Europa was awarded a 75% interest in the Inezgane permit offshore Morocco. Initial results of technical work have identified 30 prospects and leads that have the potential to hold in excess of one billion barrels of unrisked oil resources. In December 2021, Europa announced a collaboration between Baker Hughes and CausewayGT to conduct a geothermal clean heat project at the Company's West Firsby field. If this project is successful, it will prove the operational ability to extract and use geothermal heat from the site.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Simon Oddie | ||||
| 2 | Reason for the Notification | |||||
| a) | Position/status | CEO | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Europa Oil & Gas (Holdings) plc | ||||
| b) | LEI | 213800JWTCW7TN3WRC06 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1p | ||||
| Identification code | GB00B03CJS30 | |||||
| b) | Nature of the transaction | Subscription for ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: | Subscription for 2,500,000 ordinary shares of 1 pence at 1.8 pence per ordinary share | ||||
| e) | Date of the transaction | 3 March 2022 | ||||
| f) | Place of the transaction | Off market transaction | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Brian O'Cathain | ||||||
| 2 | Reason for the Notification | |||||||
| a) | Position/status | Chairman | ||||||
| b) | Initial notification/Amendment | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Europa Oil & Gas (Holdings) plc | ||||||
| b) | LEI | 213800JWTCW7TN3WRC06 | ||||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1p | ||||||
| Identification code | GB00B03CJS30 | |||||||
| b) | Nature of the transaction | Subscription for ordinary shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information: | Subscription for 833,333 ordinary shares of 1 pence at 1.8 pence per ordinary share | ||||||
| e) | Date of the transaction | 3 March 2022 | ||||||
| f) | Place of the transaction | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | William Ahlefeldt-Laurvig | ||||||
| 2 | Reason for the Notification | |||||||
| a) | Position/status | Non-Executive Director | ||||||
| b) | Initial notification/Amendment | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Europa Oil & Gas (Holdings) plc | ||||||
| b) | LEI | 213800JWTCW7TN3WRC06 | ||||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1p | ||||||
| Identification code | GB00B03CJS30 | |||||||
| b) | Nature of the transaction | Subscription for ordinary shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information: | Subscription for 833,333 ordinary shares of 1 pence at 1.8 pence per ordinary share | ||||||
| e) | Date of the transaction | 3 March 2022 | ||||||
| f) | Place of the transaction | Off market transaction | ||||||
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