The Board of Spitfire Oil Ltd (“the Company”) is pleased to announce that all the resolutions put to the shareholders of the Company at the Annual General Meeting held today were duly passed.
Spitfire announces today the repurchase of 16,666,667 shares in Spitfire held by Griffin at 5 pence per share (the “Transaction”), representing a discount of 13.0% to the closing share price of a Spitfire share on 27 December 2013 of 5.75 pence. The purchased shares will be cancelled. Following such repurchase, Spitfire will have 25,884,001 shares in issue.
NOTICE IS GIVEN that the sixth Annual General Meeting of Spitfire Oil Limited will be held at the ninth floor, BGC Centre, 28 The Esplanade, Perth. WA 6000. Australia, on 30th December 2013 at 4.00pm (local time) for the following purposes:
Spitfire Oil Limited (“the Company”) and its wholly owned subsidiary, Spitfire Oil Pty Ltd (“Spitfire”), together (“the Group”), recorded a loss before tax for the year ended 30th June 2013 of A$289,639 (2012 A$430,987). The Group benefited from interest received of A$220,495 (2012 A$332,569). Operating costs were reduced to A$510,134 (2012 A$763,556).
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