Home » Andalas Energy and Power (ADL) » Andalas Energy & Power (ADL) – Result of Extraordinary General Meeting

Andalas Energy & Power (ADL) – Result of Extraordinary General Meeting

Andalas Energy and Power Plc (AIM: ADL) is pleased to announce that all resolutions were passed at its extraordinary general meeting held today. The votes received were as follows:

Resolution Votes received For Against
Resolution 1 329,433,660 319,415,977 (97%) 10,017,683 (3%)
Resolution 2 329,433,660 319,415,977 (97%) 10,017,683 (3%)

Update on admission of new ordinary shares

Following the passing of the Resolutions, the Company advises that Admission of 715,384,615 New Ordinary Shares; will occur on 1 September 2017 at 8.00 a.m.

For the purposes of the Disclosure and Transparency Rules, the total number of voting rights in the Company with effect from 1 September 2017 will be 4,708,552,590.

This figure may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA’s Disclosure and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR).  Upon the publication of this announcement via a Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.

For further information, please contact:

David Whitby Andalas Energy and Power Plc Tel: +62 21 2783 2316
Sarah Wharry Cantor Fitzgerald Europe
(Nominated Adviser and Joint Broker)
Tel: +44 20 7894 7000
Jon Belliss Beaufort Securities Limited
(Joint Broker)
Tel: +44 20 7382 8415
Frank Buhagiar
Susie Geliher
St Brides Partners Limited Tel: +44 20 7236 1177


Notes for Editors:

Andalas Energy and Power plc

Andalas is a developer of independent power generation capacity in Indonesia.  It has partnered with key Indonesian State-owned enterprises, PT Pertamina (Persero) and PT PP Energi (“PPE”).  Andalas and PPE are developing their first project, Jambi-1, a 30+MW power project in Jambi Provence, South Sumatra.  Andalas is seeking to develop a series of power projects with a total generating capacity of more than 500MW.

Leave a comment

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.