(Apco Oil and Gas International Inc., 26.Jan.2015) – Apco Oil and Gas International Inc. announced that its shareholders, at an extraordinary general meeting held on January 26, 2015, approved the proposal to adopt the previously announced merger agreement, dated October 2, 2014, pursuant to which Pluspetrol Resources Corporation will acquire Apco.
At the extraordinary general meeting of shareholders, there were 24,778,669 shares voted by proxy or in person, representing approximately 84 percent of Apco’s total outstanding shares as of the record date, December 19, 2014.
With regard to the vote to approve the proposal to adopt the merger agreement, 24,736,376 shares were cast, representing more than 99 percent of the shares present by proxy or in person. Shares voted in favor of the proposal to adopt the merger agreement were 24,548,108, representing just over 99 percent of the shares present by proxy or in person.
In addition, the shareholders also approved the nonbinding advisory compensation proposal included in the proxy statement filed on December 22, 2014.
The consummation of the acquisition of Apco by Pluspetrol remains subject to the satisfaction or waiver of a number of customary closing conditions set forth in the merger agreement and discussed in detail in the definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission by Apco on December 22, 2014.
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