Amerisur Resources Share Discussion Threads

[fsawatcher] 09/5/2019 17:04

wot da funk is ongc doin

they movin the rig or giles wig

sommat gotta wig soon

wot they waitin for sol 1 drll now must comput close down pull plug error 404

spam innit but corn beef to some

[davwal] 09/5/2019 16:46

Amer Bod clearly running scared. Has to be a good sign...

[lucyp00p] 09/5/2019 16:38

It looks bad, but this is why everybody loathes our chairman.....because he's a low life scumbag.

[mad foetus] 09/5/2019 16:34

Share soc were notified of this by twitter and say this behaviour would definitely earn a brickbat. It is embarrassing behaviour and not good form at all.

[tyler durden1] 09/5/2019 16:30

Tony

Never had one? Also looking at files isn't this the first letter to shareholders re: AGM and the first communication requiring ID, so why not put it in RNS on the same date rather than wait until its impossible for many to vote or attend?

I've gone back to 2013 and never before was there a letter to shareholders about AGM let lone ID etc.

So there is no excuse to send a letter which many might not receive, but where most shareholders take an RNS as the correct method of communicating to all shareholders at the same time and leaving it until today looks bad.

[al101uk] 09/5/2019 16:17

tyler,

Amerisur only claim that they are compliant with a couple of elements of the QCA Corporate Governance Code. Unfortunately neither of them appear to be the kind of thing I'd be looking for.

The Website complies apparently... that was one.

[tonyrelaxes] 09/5/2019 16:10

Tyler - On 8 April 2019 the Company mailed the following letter to all shareholders as recorded on the Register.
hxxp://www.amerisurresources.com/images/rns-pdfs/Amerisur-Resources-plc-e-comms-letter-2019.pdf
My good lady received her one (being a Share Certificate holder).
I am sure that your Nominee Account operator received one, but only one for all shares in their name.
If there be failure it would be between you and your Nominee Account. Did they comply with their T&Cs or your instructions?

I do share your thoughts on the possibility of there being moves to restrict numbers from attending and voting - and even entering the meeting room!

If there have been procedural errors, apply (LSE? the Court?) to get the AGM declared invalid and re-convened following proper Notice. The BoD would come in for a further shareholder relations and communications bashing. That's down to the 'city' men, not the 'oil' man!
But I doubt anyone will reimburse me my air fare.

[foiledagain] 09/5/2019 16:07

Would Giles get the proxy vote to vote on their behalf? (tic)

[moneylender] 09/5/2019 15:50

Think about Michinoku, I wonder who will turn up to vote their shares, will they have photo ID, I wonder?

[tyler durden1] 09/5/2019 15:45

Another concern is the company suggests it complies with the QCA Corporate Governance Code, but that is not available to shareholders without £85 payment to the QCA, so how are shareholders supposed to know whether there is compliance or not.

[tyler durden1] 09/5/2019 15:26

Tony.

Your argument doesn't hold water.

Its not company's website that is the legal requirement for notification its an RNS.

It is not shareholder responsibility to find out news about a company, whether it be drilling results or notification of an AGM it is the company's responsibility to do so in the required manner, i.e. RNS.

The company suggests it adheres to the guidelines, but today's RNS leaves that in question.

No doubt for me that this late official notification was deliberately to disenfranchise some holders after the Times comments.

Amerisur website
"The Directors are committed to maintaining high standards of corporate governance to ensure accountability and transparency and to protect the interests of all of our shareholders."

[aceuk] 09/5/2019 15:06

I think it's nigh on impossible for new investors to get Crest membership now - I've noticed many old-style brokers (Charles Stanley, etc.) stopped offering it these days.

[tonyrelaxes] 09/5/2019 14:55

You can’t really complain about lack of notice of the requirements repeated in todays RNS. These have been on the company website for over a month! Since 8 April 2019 in fact.

hxxp://www.amerisurresources.com/images/rns-pdfs/Amerisur-Resources-plc-Notice-of-AGM-2019.pdf

It’s there, tucked away in item 2 of the notes on page 8.

Was this introduced knowing of the moves behind the ST article?


What is interesting is they felt the need to repeat it today, long after PIs can reasonably get a Letter of Representation from most Nominee accounts.

Could this have been done to prevent a lot of disappointed PIs left OUTSIDE the meeting – in addition to those INSIDE who got it right having bothered to read what their company's BoD issued?

[fadilz] 09/5/2019 14:52

I intend to turn up, letter or no. giving 5 days notice is not acceptable, and in any case breaks with precedent as it was not a problem last year, and has never been a problem with any company AGM that I have attended. Photo ID, certainly.

[tyler durden1] 09/5/2019 14:27

Could not find last year's notification but 2017 never made stipulation of id etc., and its too late for many holders

21/04/2017 8:34am
UK Regulatory (RNS & others)

RNS Number : 9725C

Amerisur Resources PLC

21 April 2017

This RNS replaces RNS Number 9209C and corrects two typographical errors.

21 April 2017

Amerisur Resources Plc ("the Company")

Notice of Annual General Meeting ("AGM")

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, confirms that the Company will be holding its annual general meeting at 9.30am on Tuesday 9 May 2017, at The St Mellons Hotel, Castleton, Cardiff CF3 2XR. Shareholders will have the opportunity to put questions to the Directors and to management ordinarily based in Colombia.

Copies of the Annual Report and Accounts for the year ended 31 December 2016 and Notice of AGM were sent to shareholders and are also available on the Company's website at hxxp://www.amerisurresources.com.

[tyler durden1] 09/5/2019 14:19

If the request for photo ID or details in today's RNS does not give sufficient notice, today's RNS could be legally invalid if the test of reasonableness is applied

[tyler durden1] 09/5/2019 14:18

VOTING RIGHTS
19.5 We are not obliged to but we may tell you of, or arrange the exercise of any voting rights attaching to Instruments we hold on your behalf, whether exercisable at an annual general meeting or otherwise.

They are also not obliged to take notice if the vote is via them

[spudders] 09/5/2019 14:16

Lucy, I’m also with Barc’s, so looks like I won’t be going to the AGM 😩 maybe I’ll superglue myself to a director, they’ll have to let me in then ?

[al101uk] 09/5/2019 14:14

ii are good with voting rights, sending out communications well in advance and allowing voting, easily online.

Shame they are becoming increasingly expensive as a broker.

[moneylender] 09/5/2019 13:40

Q, I am not going to make it to AGM, as I don't travel well.

Could I trouble you to grill NH about our quarterly production operations.

Its pretty obvious now we are not going to get one for the first 12 weeks of this year. I would like his assurances that in future we will have timely and regular updates. In fact as he is not that busy these days, perhaps we could even have quarterly accounts as well, as he has been reluctant to advise of our cash position except at YE, its imperative we have as much info as possible to make our investment decisions.

[bigbas] 09/5/2019 13:27

Q - now you are showing off. Hope all is well with you

[tyler durden1] 09/5/2019 13:27

If your shares are with nominees even if you vote on line, you cannot guarantee they will use your vote. In the small print of most companies holding nominee shares for customers are caveats to let them take notice but not necessarily action your wishes.

[quidnunc] 09/5/2019 12:56

Hmm,Well that Rns puts more legs on the Times article than I thought it had!It should turn out to be quite interesting!I have to say, it's a bit out of order to be requesting letters of representation be gotten from holders at this late stage. That's not going to win the board many friends....and since it's small PI's who mostly do that, I guess they're just hoping to win the day by a leg bye.To the persons who accused me, not so politely, of being an apologist for the board because I posted some positives about the company:Nullius addictus iurare in verba magistri, quo me cumque rapit tempestas, deferor hospes. Q

[kipper62] 09/5/2019 12:51

"Anyone any ideas how long it’s expected to last?"

smithy, if the BOD estimate an hour, expect it to go on for days, with no further communication as to when it will end. lol