Requisition of General Meeting

RNS Number : 2146X

Europa Oil & Gas (Holdings) PLC

08 January 2014

 

Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')

Requisition of General Meeting

Europa Oil & Gas (Holdings) plc, announces that it has today received a notice from Paul Barrett and Erika Syba requisitioning a general meeting of the Company's shareholders (the "Requisition") pursuant to 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.  The Requisition proposes, inter alia, a resolution that Bill Adamson, Chairman of the Company, and Roderick Corrie, a Non-Executive Director of the Company, be removed from the Board of Directors of the Company, to be replaced by Paul Barrett and Erika Syba.

The Board of Directors are currently investigating the validity of the Requisition (and the request), and to the extent that it is valid and not withdrawn, currently intend, in accordance with section 304 of the Act, to call such a meeting within 21 days of the receipt of the Requisition and to provide for the general meeting to be held on a date not more than 28 days after the date of the notice of meeting. 

The Board does not believe that the proposed resolutions would be in the best interests of the Company and none of the Directors would vote in favour of such resolutions were they to be proposed.

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.europaoil.com or contact:

Hugh Mackay	Europa	+ 44 (0) 20 7224 3770
Phil Greenhalgh	Europa	+ 44 (0) 20 7224 3770
Matt Goode	finnCap Ltd	[phone]
Henrik Persson	finnCap Ltd	[phone]
Frank Buhagiar	St Brides Media and Finance Ltd	[phone]
Lottie Brocklehurst	St Brides Media and Finance Ltd	[phone]

 

END

 

 

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