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Premier Oil shareholders to vote on E.ON deal on April 25

Reuters - UK Focus

LONDON, April 7 (Reuters) - London-listed oil producer Premier Oil (LSE: PMO.L - news) will hold a general meeting on April 25 at which its shareholders will vote on the company's $120 million takeover of E.ON UK's North Sea oil and gas assets, it said on Thursday.

The deal, first announced on Jan. 13, initially resulted in a near three-week suspension of Premier Oil's shares in London when the transaction was classified as a reverse takeover.

Trading resumed on Feb. 1, more than doubling Premier Oil's share price, after a drop in the final price tag.

Marked as a class 1 transaction, the deal requires the consent of Premier Oil's shareholder.

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Premier Oil said on Thursday its banks and U.S (Other OTC: UBGXF - news) . noteholders had provided all necessary consents and waivers for the transaction to proceed.

It (Other OTC: ITGL - news) also said Britain's energy minister confirmed the deal would not result in the revocation of any oil licences or require a change in control. (Reporting by Karolin Schaps; editing by Susan Thomas)