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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cadogan Energy Solutions Plc | LSE:CAD | London | Ordinary Share | GB00B12WC938 | ORD 3P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 2.00 | 2.50 | 2.25 | 2.25 | 2.25 | 0.00 | 08:00:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Drilling Oil And Gas Wells | 8.47M | -1.56M | -0.0064 | -3.52 | 5.49M |
From Apr 2019 to Apr 2024
NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
Press Release 30 September, 2019
This announcement contains inside information as defined under the Market Abuse Regulations n. 596/2014
Cadogan Petroleum Plc
(“Cadogan” or the “Company”)
Receipt of notice of intention to requisition a general meeting
Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the Main Market of the London Stock Exchange, hereby announces that it has received a letter from two shareholders indicating that they intend to requisition a general meeting in accordance with Section 303 of the Companies Act 2006.
The shareholders proposing to requisition the general meeting are controlled by Mr Michel Meeus (who is also a current Director of the Company) and SPF Devola SA. Together these shareholders hold 43,409,000 shares of the Company, representing over five per cent of the total paid up capital of the Company.
The resolutions to be put to the requisitioned general meeting will include that each of Messrs Schenato and Testa be removed as Directors of the Company and also that three new persons be elected as Directors of the Company.
The Board of the Company recommends that shareholders take no action in respect of this announcement at this stage.
In view of the proposed requisition of a general meeting for these purposes, the Board has decided to place the process with respect to the recruitment of a replacement CEO temporarily on hold. The Board has requested that the incumbent CEO consider extending his term past 30 September (being the previously announced date that he intended to step down) and is awaiting his answer.
Further announcements will be made in due course.
This Announcement has been issued by, and is the sole responsibility of, the Company.
For further information, please contact:
| Cadogan Petroleum plc | ||
| Guido Michelotti | Chief Executive Officer | +380 (44) 594 5870 |
| Ben Harber | Company Secretary | +44 0207 264 4366 |
| Cantor Fitzgerald Europe | Broker to Cadogan Petroleum plc | |
| David Porter | +44 (0) 20 7894 7000 |
Copyright r 29 PR Newswire
1 Year Cadogan Energy Solutions Chart |
1 Month Cadogan Energy Solutions Chart |
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