Business
Statement re shareholder chan
Statement re shareholder chan.
About this update from Cadogan Energy Solutions Plc
[{"type":"text","content":"\n RNS Number : 1518O Cadogan Petroleum PLC 23 June 2010 \n\n \nChange of shareholder and Annual General Meeting update\nThe Board of Cadogan Petroleum plc (the \"Company\") notes that Shon Invest S.A has purchased 67,298,498 shares, representing 29.12% of the total Company shares outstanding, from Weiss Asset Management LP (\"Weiss\"). It is the Board's understanding that Shon Invest S.A is a strategic investor who shares the Board's preferred strategy of development of the Company's oil and gas business in Ukraine. \nShareholders will be aware that Weiss had indicated a desire to make a number of changes and, at their request, the Board had put forward a number of resolutions to be voted on by shareholders at the Annual General Meeting of the Company to be held on 30 June 2010. Following Weiss' sale of its holding, it is no longer appropriate for these resolutions to be considered by shareholders at the meeting and therefore the Board will withdraw Resolutions 3,4,5 and 6 which proposed the appointment of three Weiss nominees as directors of the Company in place of the current Board.\n \nEnds\n \nEnquiries\n \n\n\n\n\nCadogan Petroleum plc\n\n\n+44 20 7245 0801\n\n\n\n\nIan Baron, Chief Executive Officer\n\n\n\n\n\n\n\nStefan Bort, Company Secretary\n\n\n\n\n\n\n\n \n\n\n\n\nBankside\n\n\n+44 20 7367 8888\n\n\n\n\nSimon Rothschild\n\n\n\n\n\n\n\nRose Oddy\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRSESFMDFSSELM \n ","length":3352,"tagName":"div"}]