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Panoro Energy â Mandatory Notification of Voting Rights - 2021 AGM Panoro Energy - Mandatory Notification of Voting Rights - 2021 AGM Publish Date: 07-May 07:42 In connection with the annual general meeting scheduled for 27 June 2021 (the AGM ), chairman of the board of directors Julien Balkany has received proxies without voting instructions representing 3,279,181 shares and votes, equal to 2.91% of all issued shares and votes. The proxies are valid only for the AGM. In addition, Mr. Balkany controls, directly or indirectly, a total of 3,582,970 shares and votes which, together with received proxies, means that Mr. Balkany controls 6,862,101 shares and votes, equal to 6%, at the AGM. Consequently, the 5% disclosure threshold has been crossed. ....
Tullow Oil signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon (the Dussafu Transaction) in each case with an effective date of 1 July 2020. The EG Transaction constitutes a Class 1 transaction under the UK Listing Rules and is subject to the approval of Tullow’s shareholders. The Dussafu Transaction constitutes a Class 2 transaction and therefore does not require shareholder approval. Completion of the EG Transaction and the Dussafu Transaction are not inter-conditional. However, both transactions are subject to the approval by Panoro’s shareholders of a proposed equity fundraising, to part finance the transactions by Panoro, and also customary government and other approvals. ....