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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quorum Oil &Gas | LSE:QOGT | London | Ordinary Share | GG00B29Q2M88 | PART RED PREF SHS USD1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.975 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMQOGT RNS Number : 0731T Quorum Oil and Gas Tech. Fund Ld 22 September 2010 Not for release, publication or distribution in, or into, the United States, Canada, Australia or Japan. +------------------------------+------------------------------+ | Press Release | 22 September 2010 | +------------------------------+------------------------------+ Quorum Oil and Gas Technology Fund Limited (the "Company") Withdrawal of EGM requisition notice The directors of Quorum Oil and Gas Technology Fund Limited (LSE:QOGT) announced on 31 August 2010 that the Company had received a notice requisitioning a general meeting from certain shareholders of the Company ("Requisition Shareholders") for the purpose of considering resolutions for the appointment of three prospective new directors ("Proposed Directors") and the removal of the current directors. The directors had in any event determined to publish proposals and on 1 September 2010 gave notice of a general meeting to be held on 28 September 2010. The directors believe that the business of the meeting on 28 September substantively addresses the notice received by the Requisition Shareholders given that the existing directors have confirmed that they will resign if the appointment of SGW Capital Managers as investment manager of the Company is not approved, and that subsequently the Proposed Directors are appointed at the EGM. The directors and the Requisition Shareholders consider that convening a further general meeting in accordance with the requisition notice would not be in shareholders' interests as it would serve to incur further costs and potentially prolong uncertainty over the Company's future. The directors hereby announce that in light of the above analysis they do not intend to convene a general meeting in accordance with the requisition notice and following discussions with connected parties of the Requisition Shareholders, the Requisition Shareholders have confirmed that they do not intend to exercise their right to convene a second EGM in the timeframe provided for in the Company's articles of association. - Ends - For further information: +----------------------------------------+---------------------+ | Corporate Broker | | +----------------------------------------+---------------------+ | Numis Securities | | +----------------------------------------+---------------------+ | Nathan Brown, Corporate Broking | Tel: +44 (0) 20 | | | 7260 1275 | +----------------------------------------+---------------------+ | n.brown@numiscorp.com | | +----------------------------------------+---------------------+ Media enquiries: +----------------------------------------+-------------------------+ | Abchurch | | +----------------------------------------+-------------------------+ | Henry Harrison-Topham / Mark Dixon | Tel: +44 (0) 20 | | | 7398 7702 | +----------------------------------------+-------------------------+ | henry.ht@abchurch-group.com | www.abchurch-group.com | +----------------------------------------+-------------------------+ Notes to editors: Quorum Oil and Gas Technology Fund Limited ("Q-OGT") is a registered closed-ended investment company incorporated in Guernsey to provide expansion capital to companies which own and/or are developing proven proprietary technology which may have a potentially significant effect on the oil and gas industry. Q-OGT was admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange on 7 January 2008. Its stock market EPIC is QOGT.L. Further information can be found at www.q-ogtfund.com. This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFFRAEILFII
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