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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
New World Oil | LSE:NEW | London | Ordinary Share | JE00B65FK239 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.06 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNEW
RNS Number : 1406C
New World Oil & Gas
23 June 2016
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas
For immediate release 23 June 2016
NEW WORLD OIL AND GAS PLC ("New World" or "the Company")
Letters of Requisition for an Extraordinary General Meeting ("EGM")
On 22 June 2016, New World received letters of requisition for an EGM from shareholders representing approximately 10.5% of the total issued share capital of the Company. Following advice from the Company's Jersey Lawyers, and having reviewed its register of members, the Company can now confirm these letters of requisition are valid ("the Requisition").
The purpose of the EGM to be convened is to provide shareholders with the opportunity to vote on ordinary resolutions calling for the immediate removal of Christopher Einchcomb, Stephen Polakoff and Georges Sztyk as Directors of the Company, pursuant to Article 37 of New World's Articles of Association.
The Directors now have a period of 21 days from the date of the deposit of the Requisition to call an EGM, and will update the market in due course.
Trading in the Company's ordinary shares continues to be suspended.
Enquiries: Georges Sztyk New World Oil and Tel: +1 646 407 Gas plc 9946 Roland Cornish Beaumont Cornish Tel: +44 (0) 20 Limited 7628 3396 Felicity Geidt Beaumont Cornish Tel: +44 (0) 20 Limited 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKNDNABKDAAB
(END) Dow Jones Newswires
June 23, 2016 12:38 ET (16:38 GMT)
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