Shareholders voted against re-electing Anglesey Mining plc chairman and director John Kearney after his nearly 30 years’ service with the group. SUPPORT 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 […]
Tag: shareholders
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% […]
IGas awards 106,000 share options to CFO
IGas Energy plc has awarded chief financial officer Frances Ward 106,406 nil cost options over ordinary shares each of 0.002 pence per share in part lieu of an annual bonus. ALIGNMENT The award, under the company’s 2015 management retention plan, is to align better the interests of directors, persons discharging managerial responsibilities and other key […]
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 to return $575m to shareholders
Capricorn Energy plc has committed to returning some US$575 million excess cash flow to shareholders. ACTIONS The company said the funds, due over the coming 12 months, were not needed for its future operational focus. A total $100m depends on negotiations with stakeholders and licence extensions in Egypt, actual oil and gas prices and the […]
Hurricane Q1 revenues reach $39.3m
Hurricane Energy plc recorded revenues of $39.3 million for the first quarter of 2023 from its operations on the Lancaster field, west of Shetland in the North Sea. OPERATIONS The company’s unaudited trading report shows production of 0.66 MMbbls with an average of 7,311 bopd, and oil sales of 0.5 MMbbls from one cargo. At […]