Reabold Resources Share Discussion Threads

[squiresquire] 08/1/2024 12:42

RNS Non-Regulatory

TIDMRBD

Reabold Resources PLC

29 December 2023

29 December 2023

Reabold Resources plc

("Reabold" or the "Company")

Glass Lewis Recommends Shareholders Support the Board's Recommendation to Vote Against All Resolutions

Reabold, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to provide the following update on the Glass Lewis Proxy Paper report, as it relates to the Company's requisitioned general meeting to be held on 10 January 2024. Glass Lewis has recommended that shareholders VOTE AGAINST ALL proposed resolutions, consistent with the current Board's recommendation.

The current Board would encourage shareholders to cast their vote at their earliest convenience to ensure their votes are received before the general meeting.

Sachin Oza , Co-CEO of Reabold, commented:

"We are pleased to note that the Glass Lewis Proxy Paper report, along with the ISS Proxy report, recommends that shareholders vote AGAINST ALL resolutions, consistent with the current Board's recommendation. We strongly encourage all shareholders to vote at their earliest convenience."

Ends

[likeawalrus] 08/1/2024 12:42

winky, could be a short term win/win. if the chuckle brothers hold on to power I expect a bounce, if they are kicked out I expect a bounce too (once a new nomad has been appointed).

RBD's year-end is 31/12 so if the Requisitioners win, I expect an in-depth audit of the 2023 accounts and quite possibly the same going back over several years. It will certainly be an interesting few months...wink, wink!

[squiresquire] 08/1/2024 12:42

Once this lot voted out, share price leap like last time

[crankylad] 08/1/2024 12:36

"tempting" Yes like a fresh 💩💨

[brut winky] 08/1/2024 12:31

I know estimates are just that and even proven is proving difficult to reach, but these have potential reserves across the portfolio of £750m.

At all-time lows, that looks like might be broken, tempting.

[wotts] 08/1/2024 11:59

Doesn't help your arguments, just company propaganda trying to smear the incoming directors. Do take note, they do not use the words you have.

[wisteria2] 08/1/2024 11:55

£400,000 fighting a bunch of Bandits trying to get control on the cheap! bar-stewards

[wisteria2] 08/1/2024 11:51

Wott...correct i don't.

[squiresquire] 08/1/2024 11:50

RNS Non-Regulatory

TIDMRBD

Reabold Resources PLC

29 December 2023

29 December 2023

Reabold Resources plc

("Reabold" or the "Company")

Glass Lewis Recommends Shareholders Support the Board's Recommendation to Vote Against All Resolutions

Reabold, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to provide the following update on the Glass Lewis Proxy Paper report, as it relates to the Company's requisitioned general meeting to be held on 10 January 2024. Glass Lewis has recommended that shareholders VOTE AGAINST ALL proposed resolutions, consistent with the current Board's recommendation.

The current Board would encourage shareholders to cast their vote at their earliest convenience to ensure their votes are received before the general meeting.

Sachin Oza , Co-CEO of Reabold, commented:

"We are pleased to note that the Glass Lewis Proxy Paper report, along with the ISS Proxy report, recommends that shareholders vote AGAINST ALL resolutions, consistent with the current Board's recommendation. We strongly encourage all shareholders to vote at their earliest convenience."

Ends

[squiresquire] 08/1/2024 11:49

RNS Number : 9844X

Reabold Resources PLC

28 December 2023

28 December 2023

Reabold Resources plc

("Reabold" or the "Company")

Update re Requisitioned General Meeting

Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects , announces an update with respect to the forthcoming general meeting (the "General Meeting") which was requisitioned by Pershing Nominees Limited on behalf of several beneficial shareholders, further details and notice of which are set out in the Company's circular sent to shareholders on 13 December 2023 (the "Circular"), which included the proposed appointment of certain new directors to the board (the "Proposed Directors").

The Company has been advised by its Nominated Adviser, Strand Hanson Limited ("Strand Hanson"), that its independent due diligence process, on the Proposed Directors , as required by applicable regulations, remains ongoing. However, as stated in the Circular, in the event that the resolutions in respect of the appointments of the Proposed Directors are passed and Strand Hanson has not completed the required due diligence to its satisfaction, Strand Hanson has informed Reabold that it expects that it would be required to resign from its role as the Company's Nominated Adviser with immediate effect. Should this be required, in accordance with AIM Rule 1, trading in the Company's ordinary shares on AIM would be suspended following the closing of the General Meeting on Wednesday 10 January 2024. If a replacement Nominated Adviser is not appointed within one month, admission of the Company's securities to trading on AIM will be cancelled.

[squiresquire] 08/1/2024 11:48

22/12/2023 7:00am
RNS Non-Regulatory

TIDMRBD

Reabold Resources PLC

22 December 2023

22 December 2023

Reabold Resources plc

("Reabold" or the "Company")

ISS Supports the Board of Reabold and Recommends Shareholders Vote Against All Resolutions

Reabold, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to provide the following update on the ISS Proxy Analysis & Benchmark Policy Voting Recommendations, as it relates to the Company's requisitioned general meeting to be held on 10 January 2024. ISS has recommended that shareholders VOTE AGAINST ALL proposed resolutions, consistent with the current Board's recommendation. The current Board would encourage shareholders to cast their vote at their earliest convenience to ensure their votes are received before the general meeting.

ISS Proxy Analysis & Benchmark Policy Voting Recommendations concluded that:

"The Dissident's allegations lack any detail and were disclosed very close to the date of the General Meeting. On the other hand, the response of the Board appears to address in detail the concerns raised by the Dissident. Overall, the Dissident has not made a sufficiently convincing case for the board changes. Consequently, none of the proposed shareholder resolutions warrant support."

[wotts] 08/1/2024 11:43

How can you fail a test when you haven't sat the exam? You are talking rubbish and should man up and say so.

[squiresquire] 08/1/2024 11:40

The market is dropping because of the bandits trying to steal the assets with no promium.

The Due Diligence tests were NOT passed by those trying to get in. The RNSs have stated that from each of the professional bodies who tried to get due diligence completed on those wanting to take over. No Due Diligence, No Nomad, No listing.!!!

[wotts] 08/1/2024 11:23

wisteria2, you hardly want a reply to that thought out, balanced brilliance?

[wotts] 08/1/2024 11:13

I'm not supporting either side. Just objecting to misrepresentations. None of the proposed directors applied for any Due Diligence test and hold directorships that obviously mean they have passed the FSA's requirements. You are lying when you say that have failed anything and expose yourself to defamation proceedings. We all wanted a better deal, the market has other ideas about RBD's shame.

[squiresquire] 08/1/2024 11:06

Woots

Me, Lying?

It is true and factual the Independant bodies that tried under FSA rules to get a proper Due Diligence completed, which would give the green light to the small group trying to grab Directorships on the RBD board, COULD NOT DO SO . SEE THE RNSs issued under FSA rules recently that say just that.

You are supporting a band of greedy opportunistic individuals who are trying to grab RBD assets without paying a premium. This was also in an RNS recently, just check.

[wotts] 08/1/2024 10:39

They're not my guys, they're just a few shareholders that have enough shares to follow the rules to try to recover their investment. I am hopeful that we will see at least Williams removed, perhaps the whole board. The conduct of the RBD directors has been shameful in trying to convince shareholders that they would loose their listing, should the requisition succeed. Listening to spivs defend the actions of other spivs is hardly a defence to hold onto an office that is not deserved. The proposed directors (as you know), want to change the Financial Advisors so Hanson's remarks are bogus. You are the only person lying.

[wisteria2] 08/1/2024 10:36

SS, indeed a nest of vipers!

[squiresquire] 08/1/2024 10:30

Ditching any of the BOD currently serving is directly against the advice of EVERY professional entity that has commented on RBD so far.

Your guys failed to get the Due Diligence required by the FSA.

You guys trying to grab WN have deluged these boards with utter rubbish, serving no one but yourselves.

The current board will stay, and your lot wont get a chance to grab the jewels, sorry but that is how it is.

[wotts] 08/1/2024 09:19

Perhaps squire, there is an opportunity in the vote to ditch the second joint CEO. So use the vote and remove Williams, because the company do not need him.
BTW, very few LTHs see it purely as a grab, we really need change and this is the only show in town. Your loyalty brings your credibility into question. Your assertion that the proposed directors have failed a FSA due diligence test is a lie as they have not applied for or had a such a test.

[squiresquire] 08/1/2024 08:44

Let's hope we can stop the sha
Re price drop recently caused by these deeply unpleasant individuals trying to grab our assets. They just want the cash and West Newton and have spammed these boards non stop for weeks trying to spread lies and misinformation. All professional bodies,at least 6,have agreed people who cannot even pass the FSA due diligence rules should be voted against.

[currypasty] 08/1/2024 07:12

Date of purchase: 05 January 2024
Aggregate number of Ordinary Shares purchased: 10,000,000

[likeawalrus] 05/1/2024 14:29

...you presume too much Sir! I have voted in favour of ALL resolutions to oust the leeches running our company