Reabold Resources plc has received a requisition notice from Pershing Nominees Ltd for a general meeting to replace the oil and gas company’s directors. CONTROL The move, on behalf of 13 shareholders representing a total 7.84%, contains ordinary resolutions that Kamran Sattar, Andrea Cattaneo, Francesca Yardley and Chris Connolly be appointed directors of Reabold. Further resolutions […]
Tag: general meeting
Anglesey shareholders oust chairman John Kearney
Anglesey Mining plc shareholders voted against re-electing chairman and director John Kearney after his nearly 30 years’ service with the group. INSTRUMENTAL At the company’s general meeting on 27 October, the resolution to re-appoint him received 93,533,645 votes in favour, 103,058,404 against with 256,302 withheld. Non-executive director Andrew King will act as interim chairman while […]
Reabold to continue share buyback
Reabold Resources plc said it would continue its share buyback programme following shareholder approval at the company’s general meeting today. The aggregate value of Reabold’s ordinary shares each of 0.1 pence repurchased to date is £120,836 of the initial programme’s £750,000. The maximum amount of cash allocated to the programme from today’s date is £629,164. At today’s meeting, 22.09% […]
Capricorn cuts costs by $35m
Capricorn Energy plc has reduced general and administrative costs by an initial $35 million as it continues to focus more on its assets in Egypt. DIVESTMENTS Chief executive officer Randy Neely added at today’s general meeting that the company would pursue “further meaningful cost savings.” The cost-cutting measures also extend to Capricorn’s assets outside Egypt, […]
Shareholders refuse to support Tullow Oil’s share buyback
Tullow Oil plc has failed to win shareholders’ approval to buy back its own shares. DIRECTORS At today’s general meeting a total of 246,564,929 shareholders, equal to 27.29%, voted against resolution 19. Of an aggregate 903,642,231 shareholders, those who abstained numbered 670,045. All other 18 resolutions were passed although with some dissent over re-election of […]
Capricorn formally withdraws NewMed plans
Capricorn Energy plc today opened and immediately closed the general meeting, adjourned from 1 February, relating to the now terminated proposed transaction with NewMed Energy Ltd. The proposed resolutions were withdrawn and the meeting closed with no shareholder vote taking place.