Hurricane Energy plc today said that shareholder Crystal Amber Fund Ltd had withdrawn its requisition notice to convene a general meeting to replace senior managers.
FORMAL SALES PROCESS
The requisition notice in December 2022 came seven weeks after Hurricane announced a formal sales process.
“This is a welcome development,” said chairman Philip Wolfe.
“It enables the company to continue to focus on progressing its previously announced formal sales process, which has seen strong interest, and the excellent operational performance which has positioned the business so well.”
Crystal Amber previously withdrew a requisition notice over management concerns in June 2021.