Bridge Energy ASA : Results of EGM & Board Changes

20 Nov 2013

Bridge Energy ASA

("Bridge", "Group" or the "Company")

Results of EGM & Board Changes

Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company (OSE:BRIDGE/AIM:BRDG.L), advises that, at an extraordinary general meeting ("EGM")  of shareholders held today, 20 November 2013, at 15:15 (CET), all resolutions were passed unanimously in accordance with the proposals of the board of directors.

De-listing from Oslo Børs and AIM

Specifically, it was resolved to apply to Oslo Børs and the London Stock Exchange for a de-listing of the Company's shares from quotation on Oslo Børs and AIM respectively, pursuant to applicable Oslo Børs and AIM Rules. De-listing from Oslo Børs is expected to take place within the course of next week, whereas de-listing from AIM is expected to be effective from 7.00 a.m. on 17 December 2013.

Board Changes

In addition, the appointment of Malcolm Thoms as a Board Member with immediate effect was approved and it was resolved that Caroline Brown, John Forrest and Lynn Calder resign their positions and cease to be Board Members of the Company with effect from the date and time of the EGM. The Board would like to thank each of Caroline, John and Lynn for their substantial contribution to Bridge.

Following these changes the Board of Directors comprises:

•  Bill McCall - Chairman
•  Cecilie Amdahl - Board Member
•  Malcolm Thoms - Board Member

Other Information

In relation to the appointment of Mr Thoms to the Board of Directors, Bridge confirms that there is no further information to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies save as disclosed below:

Full Name:  Malcolm Shaw Thoms

Age:  58

Current Directorships / Partnerships in the last 5 years:

Frederick House (Charlotte) Limited
Dog House Properties Ltd

Previous Directorships / Partnerships in the last 5 Years: 

Agora Oil & Gas AS
Cairn Energy PLC
Cairn Exploration (No. 1) Limited
Cairn Exploration (No. 2) Limited
Cairn Exploration (No. 3) Limited
Cairn Exploration (No. 4) Limited
Cairn Exploration (No. 5) Limited
Cairn Exploration (No. 6) Limited
Cairn Exploration (No. 7) Limited
Cairn Exploration (No. 8) Limited
Cairn Exploration (No. 9) Limited
Cairn Exploration (No. 10) Limited
Cairn Exploration (No. 11) Limited
Cairn Energy Discovery Limited
Cairn Energy Exploration and Production Company Limited
Cairn Energy Holding Limited
Cairn Energy Hydrocarbons Limited
Cairn Energy Lumbini Limited
Cairn Energy Nepal Holdings Limited
Cairn Petroleum India Limited
Cairn UK Holdings Limited
Capricorn Albania Limited
Capricorn Exploration Limited
Capricorn Oil Limited
Revus Energy ASA
VFE Partners Limited

The minutes from the general meeting are attached hereto.

For further information, please contact:
Bridge Energy
Bill McCall, Chairman
[phone]

Cenkos Securities
Jon Fitzpatrick
[phone]
Neil McDonald
[phone]

FTI Consulting
Edward Westropp/Natalia Erikssen
[phone]

***

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.