I would like to know the story behind the Chairman vote. Seems very odd especially with his Ireland connections.
Suet |
this is a link to number of votes cast for each resolution
the actual resolutions can be found here page 4 |
 these are the special resolutions, that were turned down
Special Resolutions:
9. THAT, subject to the passing of Resolution 8, the directors be and are hereby generally and
unconditionally empowered in accordance with sections 570 and 573 of the Act to allot equity securities
(as defined in section 560 of the Act) for cash, pursuant to the authority conferred on them by Resolution
8 or by way of the sale of treasury shares, as if section 561 of the Act did not apply to any such allotment
provided that this power shall operate in substitution for and to the exclusion of any previous authority
given to the directors pursuant to sections 570 or 573 of the Act to the extent unused and be limited to
the allotment (otherwise than pursuant to Resolution 8) of equity securities up to an aggregate nominal
amount of £1,918,368 (such amount to be reduced by the nominal amount of any equity securities
allotted under Resolution 10 below) in connection with an offer in favour of holders of ordinary shares
in the capital of the Company in proportion (as nearly as may be) to their existing holdings of Ordinary
Shares as at the record date of such allotment but subject only to such exclusions or other arrangements
as the directors deem necessary or expedient in relation to fractional entitlements or any legal or practical
4
problems under the laws of, or the requirements of any recognised regulatory body or stock exchange in
any territory.
The authority granted by this Resolution 9 shall expire on whichever is earlier of the conclusion of the
Company's next annual general meeting following the passing of this Resolution and the date which is
15 months from the date of the passing of this Resolution unless such authority is renewed, varied or
revoked by the Company in general meeting, save that the Company may prior to such expiry make any
offer or agreement which would or might require equity securities to be allotted or granted after the
expiry of the said period and the directors may allot such equity securities in pursuance of any such offer
or agreement as if the authority hereby conferred had not expired.
10. THAT, subject to the passing of Resolution 8, the directors be and are hereby generally and
unconditionally empowered in accordance with sections 570 and 573 of the Act to allot equity securities
(as defined in section 560 of the Act) for cash, pursuant to the authority conferred on them by Resolution
8 or by way of the sale of treasury shares, as if section 561 of the Act did not apply to any such allotment
provided that this power shall operate in substitution for and to the exclusion of any previous authority
given to the directors pursuant to sections 570 or 573 of the Act to the extent unused and be limited to
the allotment (otherwise than pursuant to Resolution 8) of equity securities for cash up to an aggregate
nominal amount of £959,184 (such amount to be reduced by the nominal amount of any equity securities
allotted under Resolution 9 above).
The authority granted by this Resolution 10 shall expire on whichever is earlier of the conclusion of the
Company's next annual general meeting following the passing of this Resolution and the date which is
15 months from the date of the passing of this Resolution unless such authority is renewed, varied or
revoked by the Company in general meeting, save that the Company may prior to such expiry make any
offer or agreement which would or might require equity securities to be allotted or granted after the
expiry of the said period and the directors may allot such equity securities in pursuance of any such offer
or agreement as if the authority hereby conferred had not expired. |
the presentation |
Well - the special resolutions didn't make it. No surprise imo.
Suet |
Market makers bidding strong to fill 500k buyer |
Can anyone going to the AGM please provide any feedback.
Thanks
Suet |
500k at 0.963, highest price for a while...
come on Will, give us something at the agm |
Looking good, watch at about 3pm, in case a friday morning rns goes into the nomad |
AGM tomorrow, Investor presentation monday... i hope he has something to say!!! |
Maybe they’ll have something really positive to say this time but not without an rns beforehand,
I’m not holding my breath though.
Suet |
Great! Another investor presentation. I was thinking that there weren't enough of these, what with all the progress being made etc. |
Has anyone submitted any questions? |
Yes. Good news for next results thanks to cash cow Wressle where output is expected to increase yet further in future. |
so if this is accurate from UJO, then EOG should have boosted cash by $1m x3/4 in last month
i wonder if UJO are not that accurate, or cash received doesnt come in from sales uniformaly ... either way great news fro Wressle project, and our cash flow |
from UJO RNS this morning
""In the UK, the Company is pleased to report cumulative revenues of over US$22,000,000 from Wressle, net to its 40% interest, where the view of the management is that the most productive phase of development lies ahead" |
I can see this hitting 1p again by Wednesday and then 1.5p if election results are favourable.
The good thing about the spread is any ‘would be’ sellers will think twice about bailing. Not sure why they would now anyway… Seems like the time to buy but I’m fully loaded. |
Or news on EG could come at anytime.
The ridiculous spread won’t help. |
Yes. The Irish election on Friday could well pave the way to farm out and drill Inishkea West. I wonder if we’ll see some buying this week? |
Irish election is next Friday Could be some buying in EOG in anticipation of favourable outcome |
Yep. I think people are banking on a more pragmatic bunch after the Irish election who see home produced gas isn’t the enemy but a sensible string in a larger bow. We can only watch to see how it plays out. |
Another big buy put through today.1.3 million. |
Trade 4 was a buy. |
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