Prospex Announces Requisition to Convene a General Meeting

Source: www.gulfoilandgas.com 8/24/2021, Location: North America

The Board of Prospex (the "Board") announces that, further to its 13 August 2021 RNS, it has now received a letter from Jarvis Investment Management Limited validly requisitioning a general meeting ("GM") of the Company's shareholders (the "Requisition").

The Requisition proposes that shareholders be asked to consider the following resolutions:
1. The appointment of Leo Willem Koot to the Board
2. The appointment of Gordon Bowman Stein to the Board
3. The appointment of Stephen Bocciolo to the Board
4. The appointment of Michael Douglas to the Board
5. The removal of William Hartman Smith from the Board
6. The removal of Richard Paul Mays from the Board
7. The removal of Mark Christopher Routh from the Board
8. The removal of Alasdair Buchanan from the Board, should he be appointed ahead of the GM
9. To authorise the directors to allot shares in the Company up to a nominal value of £125,000
10. To authorise the directors to disapply pre-emption rights over the allotment of shares in the Company up to a nominal value of £125,000

The changes to the Board proposed in resolutions 1-8 are all proposed to take place immediately in the event the resolutions are passed. Resolutions 1-9 are to be proposed as ordinary resolutions, while resolution 10 is to be proposed as a special resolution.

Having taken legal advice, the Board has ascertained that the documentation as received is valid and accordingly, the Company will, no later than 9 September 2021, post a circular convening the GM to shareholders.


Norway >>  5/20/2022 - Equinor announced on 9 February 2022 an ordinary dividend per share of USD 0.20 and an extraordinary dividend per share of USD 0.20 for fourth quarter...
Norway >>  5/19/2022 - Reference is made to the Norwegian Energy Company ASA ("Noreco" or the "Company") convertible bond loan with ISIN NO 0010851520 (the "NOR13 Bonds") is...

Tanzania >>  5/19/2022 - Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share (“C...
United States >>  5/19/2022 - KBR announced its Board of Directors has declared a regular quarterly dividend of $0.12 per share on the company's common stock, par value $0.001 per ...

United States >>  5/19/2022 - Halliburton Company announced that at its annual meeting of shareholders held in Houston, Texas, on May 18, 2022, the shareholders elected all eleven ...
Gabon >>  5/18/2022 - VAALCO Energy Inc. announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending (“RBL”) facility wit...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.