Plutus PowerGen PLC Receipt of purported notice of requisition of GM (3363T)
13 Noviembre 2019 - 11:05AM
UK Regulatory
TIDMPPG
RNS Number : 3363T
Plutus PowerGen PLC
13 November 2019
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
13 November 2019
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
Receipt of purported notice of requisition of general
meeting
Plutus PowerGen plc announces that yesterday it received a
letter from Jarvis Investment Management Ltd ("Jarvis"), but signed
on behalf of JIM Nominees Limited ("JIM"), regarding a purported
requisition to require the directors of Plutus to call a general
meeting of the Company's shareholders, in accordance with section
303 of the Companies Act 2006 (the "Act") and also requesting that
the text of a statement be circulated to shareholders with the
notice of general meeting pursuant to section 314 of the Act.
Jarvis is not a member of the Company. JIM is a member of the
Company and a holder of in excess of 5% of the Company's current
issued share capital. As the authorship of the letter is unclear,
the board of Plutus, having taken legal advice, are writing to
Jarvis and to JIM advising both of them that the Company considers
the letter to be invalid for the purposes of section 303 of the
Companies Act 2006.
The purported requisition proposed that shareholders be asked to
consider resolutions to remove all the current directors from the
Board (being Charles Tatnall, James Longley and Tim Cottier) and to
appoint Nicholas Lee, David Horner and Dr Nigel Burton to the board
of the Company.
Whilst the purported requisition received yesterday has been
considered invalid the Company anticipates receiving a valid
requisition of general meeting from these shareholders in due
course.
Should a valid requisition be received, a further announcement
will be made and the Board would be required to, in accordance with
the Act, call a general meeting within 21 days of receipt of the
valid requisition and to provide for the general meeting to be held
on a date not more than 28 days after the notice of such
meeting.
In the meantime the Board recommends that shareholders take no
action.
Further announcements will be made by the Company at the
appropriate time.
**ENDS**
For further information, please visit www.plutuspowergen.com, or
contact:
+44 (0) 20 8720
Plutus PowerGen Plc 6562
Charles Tatnall, Executive Chairman
Allenby Capital Limited (Nominated Adviser +44 (0)20 3328
and Joint Broker) 5656
Nick Athanas
James Hornigold
Turner Pope Investments (TPI) Limited +44 (0)20 3621
(Joint Broker) 4120
Andy Thacker
St Brides Partners Limited (Financial +44 (0)20 7236
PR) 1177
Isabel de Salis
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.
END
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(END) Dow Jones Newswires
November 13, 2019 12:05 ET (17:05 GMT)
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