ASX/MEDIA ANNOUNCEMENT
21 January 2014
Galilee Energy: Shareholders Reject Proportional Offer
Galilee Energy Limited (Galilee) is pleased to announce the results of the general meeting held
today in relation to the proportional off-market takeover bid made by Olympus Funds
Management Pty Limited.
In accordance with section 648E(2) of the Corporations Act 2001 (Cth) (Corporations Act),
Galilee advises that shareholders have overwhelmingly rejected the proportional bid.
As a consequence the takeover cannot proceed and:
a) any offers that have not been accepted, or which have been accepted, but for which
binding contracts have not yet resulted, are deemed to be withdrawn; and
b) all binding agreements will be rescinded.
In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, Galilee
advises that the resolution was rejected as an ordinary resolution on a show of hands.
The Validly appointed proxies in respect of the resolution were as follows:
For
1,202,500
Against
29,244,983
Abstain
0
Proxy's discretion
183,323
Direct votes received were as follows:
For
17,792,973
Against
41,987,448
Abstain
853,466
For further information contact:
Simon Brodie
Chief Financial Officer
Galilee Energy Limited
+61 (0) 411 558 544
[email protected]
Level 2 / 895 Ann Street / Fortitude Valley Q 4006
PO Box 2145 / Fortitude Valley BC Q 4006
T +61 7 3216 1155 / F +61 7 3216 1199
E [email protected]
www.galilee-energy.com.au
ABN: 11 064 957 419
ASX CODE:GLL
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