Result of Extraordinary General Meeting

New World is pleased to announce that at the Extraordinary General Meeting of the Company held today, both resolutions were duly passed.

Accordingly, the Company is able to pursue opportunities outside the oil and gas sector, and is authorised to release the second tranche of the loan to Big Sofa Limited as referred to in the Company's announcement of 9 May 2016 ("Previous Announcement").

A further announcement will be made regarding this second tranche as and when it is drawn down. The Company's shares remain suspended from trading on AIM in accordance with the Previous Announcement.

Enquiries:



Georges Sztyk

Adam Reynolds

Nicholas Lee

New World Oil and Gas plc

New World Oil and Gas plc

New World Oil and Gas plc

Tel: +1 646 407 9946

Tel: +44 (0)7785 908158

Tel: +44 (0) 20 7580 7576

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Felicity Geidt

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Posted on: June 17th, 2016

Share: