Hurricane Energy PLC False High Court Claim and EGM (4880I)

TIDMHUR

RNS Number : 4880I

Hurricane Energy PLC

12 August 2021

Hurricane Energy plc

("Hurricane", or the "Company")

False High Court Claim and EGM

Hurricane Energy plc, the UK based oil and gas company, notes that the Company has been contacted by certain entities and individuals, who claim falsely to have authority to act on behalf of the Company and its subsidiaries and who have, without legal basis, purported to appoint a Mr Rizwan Hussain and other entities as directors of the Company.

A spurious claim was filed against the Company's current directors at the High Court by such persons.

On 6 August 2021, the claim was struck out by the High Court.

The Court also made declarations confirming that the following persons are not and have never been directors, officers or advisers of the Company or its subsidiaries: Rizwan Hussain, Annabel Watson, Clifden, Clifden Group, Highbury Investments Limited, FVS Investments Limited, Daniel Quirk, United Technology Holdings Limited, Keycards Holdings Inc, Beyat Holdings Limited, Saret Holdings Corp, Stuart Sherwood, Godfrey Hicks, Balliol Chatsworth Ltd, Gary Fung and Gary Gar Jung Fung (the "Relevant Persons").

Further, the Court ordered Rizwan Hussain, FVS Investment Limited and Saret Holdings to immediately and permanently cease to hold themselves out as directors, officers or advisers of the Company or its subsidiaries.

The Court also ordered Rizwan Hussain, FVS Investment Limited and Saret Holdings to immediately and permanently cease to take any steps to purportedly appoint or remove (or cause or encourage anyone else to purportedly appoint or remove) anyone as a director, officer or adviser of any of the Company or its subsidiaries.

Hurricane can confirm that any assertions made by any of the Relevant Persons that they have authority to act on behalf of the Company or its subsidiaries are entirely false. The filed claim was found to be entirely without merit and has been struck out.

Mr Hussain has also contacted the Company's registrar purporting to call an Extraordinary General Meeting. For the avoidance of doubt, neither Mr Hussain nor any of the other Relevant Persons have any standing or right to call an Extraordinary General Meeting of the Company. Shareholders are advised to ignore any purported notices of any such meeting.

-ends-

Contacts:

 
 Hurricane Energy plc 
  Antony Maris, Chief Executive Officer         +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

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

This announcement does not contain inside information.

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August 12, 2021 08:17 ET (12:17 GMT)

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