Union Jack Oil plc’s proposed £6.14 million sale to investor Reabold Resources plc has received further objections from some of its shareholders. GENERAL MEETING The exploration and production company warned that, unless it met its financial obligations, it could lose assets if the transaction fails to complete. On 3 August, Reabold received a letter of […]
Tag: requisitioned general meeting
Reabold-Union Jack set date to complete £6.14m offer
Reabold Resources plc’s acquisition of Union Jack Oil plc has had an unconditional completion date set for 25 September 2026. TIMETABLE Reabold said that both of the companies’ directors recommended that their shareholders vote in favour of the £6.14 million offer, which will be by means of a takeover. Reabold will hold its general meeting […]
Union Jack sets date for requisitioned meeting
Union Jack Oil plc has set the date for a requisitioned general meeting for its shareholders’ vote on the directors’ future and the company’s £6.14 million sale to Reabold Resources plc. MISGUIDED The company initially deferred the general meeting on 26 June 2026 while the offer talks continued and, following a requisition notice on 7 […]
Scirocco faces liquidation on vote to return investors’ cash
Scirocco Energy plc is facing a members’ voluntary liquidation after today’s vote to return the company’s cash and any cash proceeds from the sale of its material assets to its investors. MEETINGS At a requisitioned general meeting, 80.19% of shareholders voted in favour of the resolution with 19.81% against, out of a total 363,291,448 votes […]
Scirocoo sets date for requisitioned general meeting
Scirocco Energy plc will convene a requisitioned general meeting on 19 March to vote on a resolution for the company to distribute cash to its shareholders. Forest Nominees Ltd, holder of 78,978,978 shares on behalf of G.P. (Jersey) Ltd, is also calling for Scirocco to sell its material assets and return any cash proceeds to […]
Scirocco investor requisitions general meeting
Scirocco Energy plc will vote on a resolution to distribute cash to its shareholders in a requisitioned general meeting. ALTERNATIVES Forest Nominees Ltd, the legal holder of 78,978,978 shares in the company held as nominee on behalf of G.P. (Jersey) Ltd, called for the meeting in a letter dated 2 February under section 303 of […]