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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petroneft Resources Plc | LSE:PTR | London | Ordinary Share | IE00B0Q82B24 | ORD EUR0.01 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.085 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPTR
RNS Number : 4654V
Petroneft Resources PLC
18 April 2016
PetroNeft Resources plc ('PetroNeft' or 'the Company')
Restriction Notice Update
EGM Requisition
Restriction Notice Update
Based on information provided to the Company by General Invest Overseas SA ("General Invest"), the restriction notice issued by the Company to General Invest on 1 April 2016 was cancelled on 15 April 2016.
EGM Requisition by General Invest
Also on 15 April 2016 the Company received a proposal from General Invest, a 10.7% shareholder in PetroNeft, to call an Extraordinary General Meeting ("EGM") of the Company.
The EGM is being sought to consider resolutions in relation to the removal of five of the six current Board members (David Golder, Dennis Francis, Paul Dowling, David Sanders and Gerard Fagan) and to appoint David Sturt and Antonio Pititto to the Board as directors of the Company.
David Sturt has previously been nominated as a director by another shareholder, Natlata Partners Limited. General Invest has provided no biographical or other details in relation to Mr. Pititto or explanation of how the Company would be managed should the resolutions be successful.
Should an EGM be required under the Company's Articles of Association, notification of an EGM, together with the recommendation of the Board, will be posted to shareholders in due course.
For further information, contact:
Dennis Francis, CEO, PetroNeft Resources +353 1 647 plc 0280 Paul Dowling, CFO, PetroNeft Resources +353 1 647 plc 0280 John Frain/Brian Garrahy, Davy (NOMAD +353 1 679 and Joint Broker) 6363 Henry Fitzgerald-O'Connor, Canaccord +44 207 Genuity Limited (Joint Broker) 523 8000 Martin Jackson/Shabnam Bashir, Citigate +44 207 Dewe Rogerson 638 9571 Joe Heron / Douglas Keatinge, Murray +353 1 498 Consultants 0300
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLIFFDSIITLIR
(END) Dow Jones Newswires
April 18, 2016 03:26 ET (07:26 GMT)
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