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Hurricane Energy PLC (HUR)

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Thursday 12 August, 2021

Hurricane Energy PLC

False High Court Claim and EGM

RNS Number : 4880I
Hurricane Energy PLC
12 August 2021
 

12 August 2021

 

Hurricane Energy plc

 

("Hurricane", or the "Company")

 

False High Court Claim and EGM

 

Hurricane Energy plc, the UK based oil and gas company, notes that the Company has been contacted by certain entities and individuals, who claim falsely to have authority to act on behalf of the Company and its subsidiaries and who have, without legal basis, purported to appoint a Mr Rizwan Hussain and other entities as directors of the Company.

 

A spurious claim was filed against the Company's current directors at the High Court by such persons.

 

On 6 August 2021, the claim was struck out by the High Court. 

 

The Court also made declarations confirming that the following persons are not and have never been directors, officers or advisers of the Company or its subsidiaries: Rizwan Hussain, Annabel Watson, Clifden, Clifden Group, Highbury Investments Limited, FVS Investments Limited, Daniel Quirk, United Technology Holdings Limited, Keycards Holdings Inc, Beyat Holdings Limited, Saret Holdings Corp, Stuart Sherwood, Godfrey Hicks, Balliol Chatsworth Ltd, Gary Fung and Gary Gar Jung Fung (the "Relevant Persons").  

 

Further, the Court ordered Rizwan Hussain, FVS Investment Limited and Saret Holdings to immediately and permanently cease to hold themselves out as directors, officers or advisers of the Company or its subsidiaries. 

 

The Court also ordered Rizwan Hussain, FVS Investment Limited and Saret Holdings to immediately and permanently cease  to take any steps to purportedly appoint or remove (or cause or encourage anyone else to purportedly appoint or remove) anyone as a director, officer or adviser of any of the Company or its subsidiaries.

 

Hurricane can confirm that any assertions made by any of the Relevant Persons that they have authority to act on behalf of the Company or its subsidiaries are entirely false.  The filed claim was found to be entirely without merit and has been struck out.  

 

Mr Hussain has also contacted the Company's registrar purporting to call an Extraordinary General Meeting.  For the avoidance of doubt, neither Mr Hussain nor any of the other Relevant Persons have any standing or right to call an Extraordinary General Meeting of the Company.  Shareholders are advised to ignore any purported notices of any such meeting.

 

 

 

-ends-

 

Contacts: 

 

Hurricane Energy plc

Antony Maris, Chief Executive Officer

 

+44 (0)1483 862820

Stifel Nicolaus Europe Limited

Nominated Adviser & Joint Corporate Broker

Callum Stewart

 

+44 (0)20 7710 7600

Investec Bank plc

Joint Corporate Broker

Chris Sim / Rahul Sharma

+44 (0)20 7597 5970

 

 

Vigo Consulting

Public Relations

Patrick d'Ancona / Ben Simons

[email protected]

 

+44 (0)20 7390 0230

About Hurricane

 

Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.

 

Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.

 

Visit Hurricane's website at www.hurricaneenergy.com

 

Inside Information

 

This announcement does not contain inside information.

 

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