Lansdowne Oil & Gas plc (AIM:LOGP) announced that shareholders approved all resolutions at its Annual General Meeting. The resolutions included the conditional acquisition of São Gabriel Mineração Ltda., a placing of 1,900,000,000 new ordinary shares, and a name change to Lansdowne Resources Plc.
Shareholders also approved a 5:1 share consolidation and a bonus issue of preference shares related to the ECT Legal Claim. Luis Azevedo was appointed as a non-executive director.
All resolutions received over 99.9% approval. The SGM acquisition received 396,958,663 votes in favor, representing 28.48% of issued share capital.
The company expects readmission to AIM trading at 8:00 a.m. on Wednesday under the ticker LRES. The WRAP Retail Offer is closed; up to 190,000,000 retail offer shares will be issued to retail investors.
The name change will be registered with Companies House. Resolutions were set out in the AIM Admission Document published on April 30, 2026.
Jeffrey Auld, non-executive chairman, expressed excitement about returning to AIM, advancing the critical minerals program in Brazil, and continuing the ECT arbitration regarding the Barryroe asset.
