3Legs Resources plc Requisition of General Meeting (3271O)
October 09 2012 - 1:06PM
UK Regulatory
TIDM3LEG
RNS Number : 3271O
3Legs Resources plc
09 October 2012
9 October 2012
3Legs Resources Plc
("3Legs Resources" or the "Company")
Requisition of General Meeting
The board of directors of 3Legs Resources confirms that it has
received a notice from Lynchwood Nominees Limited, being a member
of the Company holding 10.27% of the Company's issued share capital
(the ultimate beneficial interest in which shares the board
understands resides with William Jeffcock), requisitioning a
meeting of the Company's shareholders (the "Requisition") pursuant
to section 67(2) of the Isle of Man Companies Act 2006. The
Requisition proposes a number of ordinary resolutions (the
"Resolutions") which include, inter alia, the removal of the
majority of the board of directors (being all of the directors
except for Robert Jeffcock, Barry Rourke and Clive Needham) and the
appointment of certain new directors to the board being Brett Lance
Miller and Rhys Cathan Davies (who the board understands are both
representatives of Damille Investments Limited, a closed end
investment fund and activist investor) and Richard John Hills of
Guernsey.
On the basis that this Requisition is not withdrawn, the Company
intends to post, in due course, a notice to all shareholders
convening a general meeting. Shareholders should take no action at
this point; rather they should await receipt of the notice from the
company convening the general meeting and full details of the
resolutions being proposed. A further announcement will be made in
due course.
-Ends-
For further information contact:
Jefferies Hoare Govett Tel: +44 207 029 8000
Simon Hardy
Jamie Buckland
This information is provided by RNS
The company news service from the London Stock Exchange
END
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