proxy voting for court meeting 11 july, page-5

Were we sold out for thirty pieces of silver???? Looks like a few people jumped ship at the eleventh hour.

This from the London stock exchange:

"11 July 2013





Lochard Energy Group PLC



("Lochard Energy" or the "Company")



Change in the voting intentions of certain Lochard Energy Shareholders in relation to the recommended offer by The Parkmead Group plc ("Parkmead") for the Company







Further to the announcements by a group of Lochard Energy Shareholders represented by Cornhill Capital Limited (the "Cornhill Consortium") on 30 May 2013, 3 June 2013 and 6 June 2013 indicating that the Cornhill Consortium intended to vote against the offer from Parkmead, certain members of the Cornhill Consortium have formally notified the Lochard Energy Board that they now intend to vote in favour of the offer from Parkmead at the Court Meeting and the General Meeting, scheduled for today at 10.00 a.m. and 10.15 a.m., respectively, to be held at the offices of Eversheds LLP, One Wood Street, London EC2V 7WS. Lochard Energy Shareholders who wish to attend and vote in person or proxy at the Meetings remain entitled to do so.



The members of the Cornhill Consortium that have formally notified the Lochard Energy Board that they now intend to vote for the offer from Parkmead hold 52,968,479 Lochard Energy Shares, or approximately 17.72% of Lochard Energy's existing issued share capital. These shareholders are:



Peter Ross - 7,813,930 Lochard Energy Shares (2.61%)

Gardner Marketing PTY (Haydn Gardner) - 17,528,421 Lochard Energy Shares (5.86%)

Barby RJ & Associated Entities (Roger Barby) - 27,626,128 Lochard Energy Shares (9.24%)



The change in the voting intentions of the Lochard Energy Shareholders referred to above follows the signing of a Sale and Purchase Agreement between a company controlled by Roger Barby, Haydn Gardner and Peter Ross and Aimwell Energy Limited ("Aimwell") to acquire for a nominal value from Aimwell a 5% interest and corresponding carry interest in three offshore licences; P1861, P1863 and P1867 (the "Aimwell Transaction"). Lochard Energy maintains its existing interest in these licences and neither Lochard Energy nor Parkmead have been involved in the Aimwell Transaction in any way save that Aimwell has requested that Lochard Energy waive its contractual right to make an offer in relation to this specific proposed disposal by Aimwell of a 5% interest and corresponding carry interest. The Board of Lochard Energy has granted this request.



In addition, the Lochard Board has been formally notified that the following Lochard Energy Shareholder, who was also formerly a part of the Cornhill Consortium, has decided to abstain from voting on the resolutions to be proposed at the Court Meeting and the General Meeting:



Christopher Williams - 1,000,000 shares (0.3%)





Except as otherwise defined herein, capitalised terms used herein have the same meanings as set out in the scheme document published by the Company dated 17 June 2013.





Further enquiries:



CIBC World Markets plc +44 (0) 20 7234 6462

Financial adviser and Rule 3 adviser to Lochard

Sameer Pethe

Jonathan Bradfield"