Hurricane Energy PLC Board Changes and Withdrawal of GM Requisition (5619D)
June 30 2021 - 2:00AM
UK Regulatory
TIDMHUR
RNS Number : 5619D
Hurricane Energy PLC
30 June 2021
30 June 2021
Hurricane Energy plc
("Hurricane", or the "Company")
Board Changes and Withdrawal of General Meeting Requisition
Hurricane Energy plc, the UK based oil and gas company,
announces the following board changes.
The Chairman, Steven McTiernan, and the other non-executive
directors, John van der Welle, Sandy Shaw, Beverley Smith and Dr
David Jenkins, resigned from the board on 29 June 2021 with
immediate effect.
Additionally, the Company announces that Alan John Wright and
David Ian Craik were appointed to the board as non-executive
directors on 29 June 2021. Alan John Wright assumes the position of
Interim Chairman.
The Company also announces that it has received a letter from
Crystal Amber Fund Limited withdrawing its requisition notice (the
"Requisition Notice") pursuant to section 303 of the Companies Act
2006 (the "Act"), requiring that Hurricane's board (the "Board")
convene a general meeting of shareholders. This meeting, due to be
held on 5 July 2021 at 11:00 am BST, will now no longer take place.
In addition, the resolutions proposing the re-election to the board
of Steven McTiernan and Sandy Shaw due to be voted on at today's
AGM will now be withdrawn.
Having consulted with its largest shareholders, the Company and
the new non-executive directors, unanimously resolved on 29 June
2021, that in the event that the resolutions proposing the
re-election of Antony Maris and Richard Chaffe as directors of the
Company are not approved at today's AGM, the Company would
immediately re-appoint them as directors of the Company, in order
to ensure that the Company is able to maintain its ability to
safely and effectively operate as a listed business. Such
re-appointments would be subject to approval by the shareholders at
the Company's 2022 AGM.
Antony Maris, CEO, commented:
"I would like to thank Steven and the other non-executive
directors for their contribution to the Board over their years of
service, particularly during the recent challenging period for the
Company - I have been very grateful for their counsel and support.
I would also like to welcome David and John to Hurricane and look
forward to working with them as we aim to maximise the value of our
West of Shetland assets for the benefit of stakeholders."
-ends-
Contacts:
Hurricane Energy plc
Antony Maris, Chief Executive Officer
Philip Corbett, Head of Investor Relations +44 (0)1483 862820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart +44 (0)20 7710 7600
Investec Bank plc
Joint Corporate Broker
Chris Sim / Rahul Sharma +44 (0)20 7597 5970
Vigo Consulting
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigoconsulting.com +44 (0)20 7390 0230
AIM Rule Disclosures
In relation to the appointments to the board, there is no
further information required to be disclosed pursuant to paragraph
(g) of Schedule 2 of the AIM Rules for Companies save as disclosed
below.
David Ian Craik, aged 67, has held the following directorships
and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
Atlaslocal Limited -
David Craik has a beneficial interest in 180,000 shares in the
Company.
Alan John Wright, aged 53, has held the following directorships
and/or partnerships in the past five years:
Current Directorships/Partnerships Previous Directorships/Partnerships
XMT UK Limited -
About Hurricane
Hurricane has a 100% interest in and operates the Lancaster
field, the UK's first field to produce from a fractured basement
reservoir.
Hurricane also has a 50% interest in the Greater Warwick Area
licence, which contains the Lincoln and Warwick assets.
Visit Hurricane's website at www.hurricaneenergy.com
Inside Information
Prior to publication, this document contained inside information
under Regulation (EU) 596/2014 on market abuse.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOADBGDLISDDGBC
(END) Dow Jones Newswires
June 30, 2021 02:00 ET (06:00 GMT)
Hurricane Energy (LSE:HUR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hurricane Energy (LSE:HUR)
Historical Stock Chart
From Apr 2023 to Apr 2024