Lekoil Limited Announces Notice of Extraordinary General Meeting

Source: www.gulfoilandgas.com 3/21/2022, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that, further to the Company's announcement of 28 February 2022 (the "Strategic Investment and Restructuring" announcement), an Extraordinary General Meeting ("EGM") of the Company will be held on 7 April 2022 at 4.00 p.m. Greenwich Mean Time (GMT) at the Company's registered office at Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, KY1-9001, Cayman Islands.

The EGM has been called for shareholders to:
approve the Option Agreement entered into with Savannah Investments, in accordance with the requirements of Rule 15 of the AIM Rules. Details of the Option Agreement are set out below and in Strategic Investment and Restructuring announcement, including the intention to use the proceeds of the Option Agreement, if received, for working capital purpose of the Company; and
authorise Directors to allot and issue fully paid ordinary shares up to an aggregate number of 151,755,547, which is approximately 20 per cent (20%) of the Company's current issued ordinary share capital.

Copies of the Notice of EGM and Forms of Proxy and Instruction have been posted to shareholders and are available to download from the Company's website. The relevant parts of the Chairman's letter included in the Notice of EGM is set out below. Shareholders who wish to attend should contact info@lekoilplc.com for dial-in details.


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