14 May 2012 09:30
14 May 2012
Jupiter Energy Limited ("Jupiter" or the "Company")
RESULTS OF GENERAL MEETING
In accordance with ASX Listing Rule 3.13.2 the directors advise that the resolutions put to shareholders were carried at the General Meeting of the Company held earlier today.
The resolutions carried were: -
1. "That, for the purpose of ASX Listing Rule 7.1 and for all other purposes, approval is given for the Directors to allot and issue up to 8,215,000 Shares to Soyuzneftegas Capital Limited (or its nominee) upon the conversion of Convertible Notes on the terms and conditions set out in the Explanatory Statement."
2. "That, subject to and conditional upon the passing of Resolutions 3, 4 and 5, for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Geoff Gander, as set out in the Explanatory Memorandum.
3. "That, subject to and conditional upon the passing of Resolutions 2, 4 and 5, for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Alastair Beardsall as set out in the Explanatory Memorandum.
4. "That, subject to and conditional upon the passing of Resolutions 2, 3 and 5 for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Baltabek Kuandykov, as set out in the Explanatory Memorandum".
5. "That, subject to and conditional upon the passing of Resolutions 2, 3 and 4, for the purposes of Chapter 2E of the Corporations Act, ASX Listing Rule 6.23.2 and for all other purposes, approval is given for the Proposed Amendment to the terms of the Performance Rights held by Director Mr Scott Mison, as set out in the Explanatory Memorandum
A summary of proxy votes in relation to the resolution passed is attached.
SCOTT MISON
Director / Company Secretary
GENERAL MEETING - 14 MAY 2012
DISCLOSURE OF PROXY VOTES
In accordance with section 251AA of the Australian Corporations Law, the following information is provided to AIM in relation to resolutions passed by members of Jupiter Energy Limited at its General Meeting held on 14 May 2012.
Resolution Number | Resolution Number | Resolution Number | Resolution Number | Resolution Number | |
1 | 2 | 3 | 4 | 5 | |
Decided by show of hands (S) or poll (P)
| S | S | S |
S |
S |
Total number of proxy votes exercisable by proxies validly appointed
|
49,934,337
|
58,685,038
|
60,769,484
|
61,436,151
|
61,218,175
|
Total number of proxy votes in respect of which the appointments specified that:- | |||||
- the proxy is to vote for the resolution | 49,362,825 | 56,582,342 | 55,915,675 | 56,582,342 | 56,609,009 |
- the proxy is to vote against the resolution | 360,882 | 848,836 | 848,836 | 848,836 | 822,169 |
- the proxy may vote at the proxy's discretion | 171,694 | 94,933 | 94,933 | 94,933 | 94,933 |
- the proxy is to abstain on the resolution | 38,936 | 1,158,927 | 3,910,040 | 3,910,040 | 3,692,064 |
ENDS
Enquiries:
Jupiter Energy Limited +61 89 322 8222
Geoff Gander geoff@jupiterenergy.com
finnCap Ltd +44 (0)20 7220 0500
Sarah Wharry/Christopher Raggett (Corporate Finance)
Simon Johnson (Corporate Broking)
Media Enquiries:
Allerton Communications +44 (0)20 3137 2500
Peter Curtain peter.curtain@allertoncomms.co.uk
About the Company:
Jupiter Energy Limited is an oil exploration and production company, quoted on both the AIM and ASX markets. The Company is focused on developing its onshore assets in western Kazakhstan. In 2008 the Company acquired 100 per cent of the Block 31 permit, located in the oil-rich Mangistau Basin, close to the port city of Aktau.
Jupiter Energy has a proven in-country management team, led by an experienced, international Board, together possessing the skills, knowledge, network and attention to detail needed to operate successfully in Kazakhstan. The forward plan will see Jupiter Energy develop a group facility on site to process, store and ship oil. This topside infrastructure is a key element in moving to licensed production and the achievement of self-funding.