Plutus PowerGen PLC Requisition of General Meeting (2496U)
22 November 2019 - 12:29AM
UK Regulatory
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
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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November 21, 2019 08:29 ET (13:29 GMT)
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