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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asa Resource | LSE:ASA | London | Ordinary Share | GB00B0GN3470 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.925 | 1.85 | 2.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
7 January 2015 Mwana Africa PLC ("Mwana" or the "Company") High Court Petition Update Further to the announcement of 9 December 2014, Mwana announces that at the hearing held earlier today at the Companies Court in respect of the matter brought by China International Mining Group Corporation ("CIMGC"), a substantial shareholder in Mwana, and Mr Yat Hoi Ning, a Non-Executive Director and associate of CIMGC, (together the "Petitioners") against the Company and two of its Non-Executive Directors, Mr Stuart Morris and Mr Johan Botha, initial directions were laid down for the future conduct of the petition including the setting of a trial window of 3 months from 1 November 2015. The parties will return to court later this month to fix the trial date. The petition refers to the passing of Resolution 3 at the Company's Annual General Meeting held on 10 September 2014, which related to the re-appointment of Mr Stuart Morris as a director of the Company, and alleges that the resolution was not validly passed. In addition, leave was given to the Petitioners to file an amended petition which also seeks to challenge the appointments of Mr Ngoni Kudenga and Mr Herbert Mashanyare as Non-Executive Directors of the Company, as announced on 10 December 2014. The Company's position remains unchanged in respect of these court proceedings. Whilst it will continue to attempt to work with the Petitioners to achieve a mutually acceptable resolution to their complaints, the Company will defend its position vigorously in court if required. Further announcements with regard to this matter will be made in due course, as appropriate. For further information please visit www.mwanaafrica.com or contact: Mwana Africa PLC Tel: +44 (0) 203 696 5470 Kalaa Mpinga, CEO Tel: +44(0) 203 696 5470 Caroline Mathonsi, Investor Relations Nominated Adviser and Broker Tel: +44 (0) 20 7418 8900 Peel Hunt LLP Matthew Armitt / Ross Allister Public Relations Tel: +27 (0) 11 880 3924 Russell and Associates Jim Jones/Leigh King
Copyright ry 7 PR Newswire
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