Energy Services Acquisition Corp Announces Approval of Acquisitions of C.J. Hughes Construction Company, Inc. and ST Pipeline, I
15 Agosto 2008 - 9:07PM
PR Newswire (US)
HUNTINGTON, W.Va., Aug. 15 /PRNewswire-FirstCall/ -- Energy
Services Acquisition Corp. (the "Company" or "ESAC") (AMEX:ESA)
announced today that, at its special meeting of stockholders,
stockholders approved ESAC's acquisitions of each of C.J. Hughes
Construction Company, Inc. and ST Pipeline, Inc. Holders of
approximately 76.2% of ESAC's votes cast, voted in favor of each of
the acquisitions. In addition to approving the acquisitions, ESAC
stockholders also approved the following related proposals: (i)
adoption of an amendment to the ESAC certificate of incorporation,
effective upon consummation of the acquisitions, to change ESAC's
name to "Energy Services of America Corporation" and (ii) adoption
of an amendment to the ESAC certificate of incorporation, effective
upon the consummation of the acquisitions, to eliminate Article V
of the certificate which provided for special voting requirements
relative to ESAC's status as a special purpose acquisition
corporation. A total of approximately 1,622,600 shares issued in
ESAC's initial public offering were cast at the annual meeting of
stockholders in opposition to the acquisitions and elected to be
converted into a pro rata portion of the proceeds from ESAC's
initial public offering held in trust, representing less than 20%
of the shares issued in the ESAC initial public offering. The
acquisitions are expected to become effective on August 15, 2008.
DATASOURCE: Energy Services Acquisition Corp. CONTACT: Ed Burns of
Energy Services, +1-304-355-2318
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