Prospex Energy PLC Requisition to Convene a General Meeting (5205J)
August 24 2021 - 2:00AM
UK Regulatory
TIDMPXEN
RNS Number : 5205J
Prospex Energy PLC
24 August 2021
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
24 August 2021
Prospex Energy PLC ('Prospex' or the 'Company')
Requisition to Convene a General Meeting
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 GBP125,000
10. To authorise the directors to disapply pre-emption rights
over the allotment of shares in the Company up to a nominal value
of GBP125,000
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.
Further announcements will be made in due course.
Corporate Presentation & Letter to Shareholders
Shareholders are reminded that the Company yesterday posted a
new corporate presentation on its website - click here to download:
bit.ly/3mthLJU
In addition, Mark Routh, the new CEO of Prospex, has outlined
his plans and visions for the Company in a Letter to Shareholders,
released on the website, which can be found here:
bit.ly/3kdxE4E
* * ENDS * *
This announcement contains inside information for the purposes
of Article 7 of EU Regulation No. 596/2014, which forms part of
United Kingdom domestic law by virtue of the European (Withdrawal)
Act 2018.
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236
1177
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Capital Limited Tel: +44 (0) 20 7220
9797
Frank Buhagiar St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
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END
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