Reabold Resources plc expects the second tranche payment from the sale of its investee company Corallian Energy Ltd to be distributed to former Corallian shareholders from today. USES Reabold will receive £5.2m from purchaser Shell UK Ltd, which follows the first sum of £3.2m received on 1 November 2022. The final payment, of £4.4m, is […]
Tag: Reabold Resources plc
Reabold receives new requisition notice for general meeting
Reabold Resources plc has received a new requisition notice from Pershing Nominees Ltd for a general meeting to replace the entire board with new directors. The oil and gas investor said yesterday that the notice, dated 15 November 2023, was delivered to its registered office by courier on 21 November 2023 after 5pm and by […]
Reabold increases interest in Colle Santo
Reabold Resources plc has increased is shareholding to 18.4% in majority option holder, LNEnergy Ltd, of the Colle Santo gas field in Abruzzo, Italy. FINANCING The company partially exercised its second option by subscribing for a further 11 new ordinary shares in LNEnergy, equivalent to 0.8%, for £150,000 cash. Reabold retains the right to invest a […]
Reabold requests valid resolutions to requisition general meeting
Reabold Resources plc said that last week’s notice to requisition a general meeting was invalid because of “material deficiencies” under section 303 of the Companies Act 2006. ACTIONS Pershing Nominees Ltd, which owns a total 7.84% representing 13 beneficial owners, called for shareholders to vote on, among other matters, the removal of Reabold’s co-chief executive […]
Reabold receives requisition notice for general meeting
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 […]
Reabold ‘encouraged by progress’
Reabold Resources plc held a strong balance sheet despite recording an increase in losses from its onshore Californian interests. FINANCES Half year 2023 results showed group loss of £3.65m (H1 2022: loss of £2.72m) with no revenue generated or costs incurred. Losses increased mainly from a £1.2 million decline in market value of its Daybreak […]