TIDMPPG

RNS Number : 2496U

Plutus PowerGen PLC

21 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").

21 November 2019

PLUTUS POWERGEN PLC

("Plutus", the "Group" or the "Company")

Requisition of General Meeting

Further to the announcements released by the Company on 19 November 2019 and 13 November 2019, the Board of Plutus announces that it yesterday received a letter from JIM Nominees Limited ("JIM"), regarding a 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"). JIM is a member of the Company and a holder of in excess of 5% of the Company's current issued share capital.

The requisition proposes that shareholders be asked to consider ordinary 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.

After consultation with its legal advisers, the Company has determined that the requisitioners' letter is valid. In accordance with the Act, the Company is required to call a general meeting within 21 days of receipt of the requisition and to provide for the general meeting to be held not more than 28 days after the date of the notice of such meeting.

A statement (the "Requisitioners' Statement") accompanied the requisitioners' letter, which the requisitioners require the Company to circulate to those members receiving notice of the requisitioned general meeting, in accordance with section 314 of the Act. The Board will comply with the relevant statutory requirements in respect of the circulation of the Requisitioners' Statement.

Shareholders are advised to take no action at this time.

Further announcements will be made in due course.

**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

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END

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(END) Dow Jones Newswires

November 21, 2019 08:29 ET (13:29 GMT)

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