Requisition of EGM
August 31 2010 - 12:57PM
UK Regulatory
TIDMQOGT
RNS Number : 9248R
Quorum Oil and Gas Tech. Fund Ld
31 August 2010
Not for release, publication or distribution in, or into, the United States,
Canada, Australia or Japan.
+------------------------------+------------------------------+
| | 31 August 2010 |
+------------------------------+------------------------------+
Quorum Oil and Gas Technology Fund Limited
Requisition of EGM
The Directors of Quorum Oil and Gas Technology Fund Limited (the "Company")
(LSE:QOGT) announce that the Company received on 27 August 2010 a notice
requisitioning a general meeting of the Company for the purpose of considering
resolutions (to be proposed as ordinary resolutions) for the appointment of Bill
Scott, Jonathan Hooley and Andrew Duquemin as directors of the Company and for
the removal of Tom Price and Christopher Hill as directors of the Company.
The notice was served by Bank of New York Nominees Ltd, in respect of shares
ultimately beneficially owned by CF Midas Balanced Income Fund and Oppenheimer &
Co Inc. who together control more than 10 per cent. of the Company's issued
share capital. The Company's articles of association require the Directors to
serve a notice within 21 days to convene a general meeting after the receipt of
a requisition validly served under Guernsey law.
The Directors will give due consideration to the requisition. However, prior to
receipt of the notice, having met the prospective new directors on 19 August
2010 and having made a series of enquiries about their plans for the Company
(and the plans of QOGT Inc and Liberum Capital), the Directors had determined in
any event to give notice of a general meeting of the Company, the documentation
for which has been prepared and will now be issued within the next 24 hours.
The documentation was not previously circulated to shareholders pending receipt
of those plans, which have not been forthcoming. At that general meeting
resolutions will be put to the shareholders addressing the above and other
related issues for the Company.
- Ends -
For further information:
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| Corporate Broker | |
+----------------------------------------+---------------------+
| Numis Securities | |
+----------------------------------------+---------------------+
| David Benda, Corporate Broking | Tel: +44 (0) 20 |
| | 7260 1275 |
+----------------------------------------+---------------------+
| d.benda@numiscorp.com | |
+----------------------------------------+---------------------+
Media enquiries
+----------------------------------------+-------------------------+
| Abchurch | |
+----------------------------------------+-------------------------+
| Henry Harrison-Topham / Mark Dixon | Tel: +44 (0) 20 |
| | 7398 7729 |
+----------------------------------------+-------------------------+
| mark.dixon@abchurch-group.com | www.abchurch-group.com |
+----------------------------------------+-------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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