Download - Northern Petroleum Plc

Resolution 8 - Special
“To authorise the Company, generally and unconditionally, to make market
purchases (within the meaning of section 693(4) of the Act) pursuant to and
in accordance with section 701 of the Act of fully paid ordinary shares in the
capital of the Company upon and subject to the following conditions but
otherwise unconditionally:
• maximum of 4,768,300 shares;
• maximum price of 105% of the average of the middle market quotations for
an ordinary share for the five business days immediately preceding the day
on which such ordinary share is contracted to be purchased;
• minimum price shall be the nominal value of such ordinary share; and
• authority to expire earlier of i) next AGM or ii) 15 months.”
Northern Petroleum Plc – AGM Resolutions Slide 19