At a Special General Meeting of shareholders of Spitfire Oil Limited (“the Company”) held today, all resolutions put to the shareholders contained in the notice of the meeting dated 12th August 2020 were passed to, liquidate the Company, and to appoint Christian Luthi of Conyers Dill & Pearman as liquidator.
With the Company’s shares de-listed from trading on AIM, its business wound down, and subsidiaries liquidated the only assets of the Company remaining are bank deposits which after the liquidator’s expenses will be distributed to shareholders pro rata in accordance with their shareholdings.
Admission of the Company’s shares to trading on AIM was cancelled on 3 September 2020.
Further details to follow.
Following suspension of the Company’s shares on 2 March 2020, the Company announces that, in the absence of any new developments, it is expected that admission of the Company’s shares to trading on AIM will be cancelled on or around 3 September 2020 and that the Company be subsequently liquidated and surplus funds returned to shareholders.
Notice of a Special General Meeting of the Company to dissolve the Company by way of a members voluntary liquidation has been sent to shareholders and is available on the Company’s web site on www.spitfireoil.com.
NOTICE IS HEREBY GIVEN that a Special General Meeting of Spitfire Oil Limited (“the Company”) will be held at the ninth floor, BGC Centre, 28 The Esplanade, Perth. WA 6000. Australia, on Monday 7th September 2020 at 3.00 pm (local time) to pass the following resolutions to dissolve the Company by way of a Members’ voluntary liquidation: Continue reading →
At the Annual General Meeting of Spitfire Oil Limited held today, all resolutions put to the shareholders contained in the notice of the meeting dated 13th March 2020 were passed.
Spitfire Oil Limited (“Spitfire” or “the Company”) is pleased to publish a copy of its condensed consolidated unaudited interim results for the six months ended the 31st December 2019.
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Notice of the Annual General Meeting of Spitfire Oil Limited (“the Company”) has been sent to shareholders and is available on the Company’s web site on www.spitfireoil.com.
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Spitfire Oil Limited (“the Company”) announces that the annual report and accounts for the year ended 30th June 2019 has been posted to shareholders.
Copies of the annual report are available on the Company’s website www.spitfireoil.com and by request to the Company at 8th Floor, 54 Jermyn Street, London SW1Y 6LX, United Kingdom
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 2019 of A$936,103 (2018: A$1,350,901), after providing $763,507 (2018: $1,116,767) for diminution in value of the Salmon Gums tenements. The Group benefited from interest receivable of A$26,610 (2018: $63,405). Operating costs of A$199,206 (2018: A$297,539) were incurred. A$313,507 (2018: A$316,767) was incurred and capitalised on licence fees and tenement management.
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Spitfire Oil Limited (“Spitfire” or the “Company”) announces that following a further review of the economic feasibility of the Salmon Gums lignite project, in particular with consideration of the current and long term forecast for the continued relatively low oil prices and the continuing costs of maintaining the retention licence over the Salmon Gums tenements, Spitfire has today relinquished the retention licence over the Salmon Gums lignite tenements.
With the relinquishment of this licence, Spitfire becomes an AIM Rule 15 cash shell. As such, the Company will be required to make an acquisition (or acquisitions) which constitutes a reverse takeover under AIM Rule 14 on or before 29 February 2020. If no such acquisition is completed by 29 February 2019, the Company’s shares would then be suspended from trading on AIM pursuant to AIM Rule 40. The directors are considering suitable projects for acquisition by the Company.