Business
Option to acquire Central Asi
Option to acquire Central Asi.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n RNS Number : 0553V Premier Management Holdings PLC 27 October 2010 \n\nEmbargoed: 0700hrs, 27 October 2010\n \nPremier Management Holdings plc\n(\"Premier Management\" or the \"Company\")\n \nProposals regarding certain transactions involving the Company and its assets \nand \nAdoption of Investing Policy in natural resources sector\nand \nAppointment of John McKeon as Consultant to the Company\nand\nNotice of General Meeting\n \nHIGHLIGHTS\n \n§ The Company is pleased to announce that it has entered into an agreement pursuant to which the Company has been granted an option to acquire the entire issued share capital of Central Asia Resources Limited which is investigating, and has signed protocols on, natural resource projects in Kyrgyzstan, including the Cholokkaindy Project gold exploration licence.\n \n§ The Company's proposed Investing Policy will be to seek to identify further ways to create value for Shareholders through acquisitions in the natural resources sector.\n \n§ In view of his experience in the natural resources sector, the Company is delighted to announce the appointment of John McKeon as a Consultant with immediate effect. The Board considers that Mr McKeon's extensive track record of value creation, particularly within the natural resources industries, will greatly assist the Company in identifying investment opportunities. Mr McKeon is well connected, at government and ministerial level, with many of the natural resource ministries in Asia, Africa and the Middle East. He is a founding shareholder and former executive director of Circle Oil plc.\n \n§ The Company has also, conditional on Shareholder approval, entered into an agreement with Barry Gold pursuant to which Mr Gold has the option to acquire the Football Business. Completion of the Option, should it occur, will constitute a fundamental change of business pursuant to Rule 15 of the AIM Rules and will divest the Company of all, or substantially all of its trading business, activities and assets. \n \n§ Accordingly, the Company is today posting a circular to Shareholders (the \"Circular\") setting out inter alia the reasons for, and the principal terms of, the Option and details of the Company's proposed Investing Policy following completion of the Option. \n \n§ A notice convening a General Meeting ...