Madagascar Oil Limited Posting of circular (9122R)

TIDMMOIL

RNS Number : 9122R

Madagascar Oil Limited

11 March 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

11 March 2016

MADAGASCAR OIL LIMITED

("Madagascar Oil" or the "Company")

Posting of Circular

Madagascar Oil announces that, further to its announcement of 9 March 2016, it is today posting to Shareholders a circular (the "Circular") including notice of a Special General Meeting to be held at the offices of Watson Farley & Williams, 15 Appold Street, London, EC2A 2HB at 11.00 a.m. on 31 March 2016 (the "SGM Notice") (the "Special General Meeting") to propose resolutions to approve the Delisting and the adoption of new Bye-Laws (together the "Resolutions").

Further details of the Resolutions are set out in the Circular and the SGM Notice and an electronic copy of both will be available on the Company's website at www.madagascaroil.com.

The expected timetable of principal events relating to the proposed Delisting is set out below.

 
                                                   2016 
 Latest date by which the Other Major          13 March 
  Shareholders may elect to participate 
  in the Tranche 1 Placing 
 Latest time and date for receipt          9.00 a.m. on 
  of Forms of Instruction in respect           29 March 
  of the Special General Meeting 
 Record Date and latest time and          11.00 a.m. on 
  date for receipt of Forms of Proxy           29 March 
  in respect of the Special General 
  Meeting 
 Special General Meeting                  11.00 a.m. on 
                                               31 March 
 Last day of dealings on AIM in the             7 April 
  Common Shares, subject to the passing 
  of the Resolutions 
 Cancellation of the admission to          7.00 a.m. on 
  trading on AIM of the Common Shares           8 April 
  expected to be effective, subject 
  to the passing of the Resolutions

All capitalised terms used herein shall have the same meaning, unless stated or the context requires otherwise, as given to them in the Circular.

Contact Information:

 
 Robert Estill - Chief Executive 
  Officer 
  Stewart Ahmed - Chief Operating 
  Officer 
  Gordon Stein - Chief Financial       +44 (0) 20 3356 
  Officer                               2731 
 Strand Hanson Limited - Nominated 
  & Financial Adviser 
  Stuart Faulkner 
  Angela Hallett                        +44 (0) 20 7409 
  James Dance                            3494 
 Jefferies International Limited 
  - Strategic Advisor                   +44 (0) 20 7029 
  Richard Kent                           8102 
 VSA Capital Limited - Joint broker 
  Andrew Monk 
  Andrew Raca                          +44 (0) 20 3005 
  Justin McKeegan                       5000 
 Mirabaud Securities LLP - Joint 
  broker                               +44 (0) 20 7878 
  Rory Scott                            3360 
 Camarco - PR 
  Billy Clegg                          +44 (0) 20 3757 
  Georgia Mann                          4980

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 11, 2016 13:00 ET (18:00 GMT)

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