Exillon Energy Plc Receipt of EGM Requisition (4419V)
January 14 2013 - 2:00AM
UK Regulatory
TIDMEXI
RNS Number : 4419V
Exillon Energy Plc
14 January 2013
Exillon Energy plc
Receipt of EGM Requisition
14 January 2013
14 January 2013 - Exillon Energy plc (EXI.LN), a London Premium
listed independent oil producer with assets in two oil-rich regions
of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon
WS"), announces that it has received a letter from Worldview
Capital Management ("Worldview") calling for an Extraordinary
General Meeting.
A holder of in excess of 10 per cent of our issued share capital
has the right to call such a meeting. Worldview itself does not
hold such number of shares and so does not itself have this right.
Nevertheless, we will facilitate the convening of the meeting. We
understand that Worldview manages a Cayman-registered fund which
beneficially owns approximately 11 per cent of our shares. In
addition, we understand that Worldview has a Voting Rights
Agreement over approximately 2% of our shares.
The stated purpose of the EGM is for the consideration of the
following ordinary resolutions:
-- THAT David Herbert (our Chairman) be removed as a
director.
-- THAT Yves Merer be appointed as a director.
-- THAT James Dewar be appointed as a director.
-- THAT Andrey Kruglykhin be appointed as a director.
Unless the requisition is withdrawn, we will send a notice to
shareholders convening the meeting. Shareholders should take no
action at this point; rather they should wait for the notice
convening the meeting and setting out full details of the
resolutions being proposed. We will make a further announcement in
due course.
We have engaged extensively with Worldview both before and since
they became a notifiable shareholder in June 2012. All the matters
raised by them are public information, and in most cases have been
public information for over a year.
Media details:
Tom Blackwell +44 207 920 2330 / +7 919 102 9064
This information is provided by RNS
The company news service from the London Stock Exchange
END
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