Block Energy plc’s shareholders today rejected a resolution by 93.7% to hold a forensic investigation into the company’s affairs in onshore oil and gas at West Rustavi, Georgia. The resolution was proposed by Forest Nominees Ltd on behalf of G.P. (Jersey) Ltd and was the second requisitioned general meeting called during July. Resolution For […]
Tag: shareholders
Block shareholders reject resolutions for board changes
Block Energy plc announced that at today’s general meeting two resolutions concerning board changes proposed by Forest Nominees Ltd on behalf of G.P. (Jersey) Ltd were rejected by shareholders. “The board is pleased with the overall level of support it has received in relation to the resolutions put to the meeting,” said the Goergia-focused oil […]
Hurricane bondholders back restructure
Hurricane Energy plc’s bondholders today voted 100% to support the company’s restructuring plan while the majority of shareholders voted against it. Shareholder votes in favour were reported at 7.66% compared with 92.34% opposing the plan. The company said that 1,518,667 votes were withheld and 32.87% of the issued share capital voted. Hurricane added that because […]