Premier Oil’s shareholders have backed the company’s plans to acquire the whole of E.ON’s UK North Sea assets $120m (£83m).
The company confirmed at its general meeting held in London earlier today that 99.99% of shareholders had approved the deal.
Premier said the completion of the acquisition will occur by the end of April 2016 and will see it take over assets located in the central North Sea, west of Shetlands and the southern Gas Basin.
The deal will give Premier additional stakes in 40 oil and gas licences in the UK North Sea.
When the transaction was first announced, Premier’s shares were suspended as the deal was classified as a reverse takeover.
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