Business
Posting of Notice of General Meeting
Posting of Notice of General Meeting.
About this update from Block Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6524I\n Block Energy PLC\n 13 August 2021\n \n \n \n \n 13 August 2021\n \n \n Block Energy plc\n \n \n (\"Block\" or the \"Company\")\n \n \n Posting of Notice of General Meeting\n \n \n Further to the Company's announcement on 26 July 2021 concerning the request by Forest Nominees Limited (on behalf of G.P. (Jersey) Limited) for the Company to convene a further general meeting, Block Energy plc, the development and production company focused on Georgia, \n announces that the Notice of a General Meeting and Form of Proxy will be posted to shareholders later today and are available in the Investors section of the Company's website at \n www.blockenergy.co.uk/investors/circulars-presentations-and-reports/.\n \n \n An extract from the letter from the Chairman in the Circular is set out below:\n \n \n \"\n Notice of requisitioned General Meeting\n \n \n On 24 July 2021, the Board of Block Energy PLC received a further Requisition Notice from Forest Nominees Limited (on behalf of G.P. (Jersey) Limited) (\"GP Jersey\"), requesting the Board to convene a General Meeting of Block Energy plc (the \"Company\") for the purpose of considering a resolution to commission an independent forensic investigation into the affairs of the Company (full text of the scope of this proposed resolution is set out below).\n \n \n As a matter of company law, and, in particular, in accordance with and subject to the provisions of section 303 of the Companies Act 2006, the Board is required to convene a General Meeting following the receipt of valid requisition notices from Shareholders holding at least 5% of the Company's issued share capital. \n \n \n As at the date of the Requisition Notice, Forest Nominees Limited disclosed that it was the holder of 31,308,000 ordinary shares in the Company, representing approximately 5.00% of the total voting rights of all members of the Company as at the date of the Requisition Notice. It is a requirement (under section 304 of the Companies Act 2006) that the Board calls a General Meeting within 21 days of the date of the Requisition Notice. The formal Notice of the General Meeting is set out on pages 9 and 10 of this document.\n \n \n The Requisition Notice includes the following resolution to be considered and, if thought fit, approved at the General Meeting as an ordinary resolut...