Business
Notice of AGM and proposed share consolidation
Notice of AGM and proposed share consolidation.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4418G Xtract Resources plc 30 May 2017 \n\nFor immediate release\n 30 May 2017\n \nXtract Resources Plc\n(\"Xtract\" or the \"Company\")\nNotice of Annual General Meeting\nProposed Share Consolidation\n \nThe Board of Xtract Resources Plc (\"Xtract\" or the \"Company\") announces that the notice of annual general meeting (\"Notice\") has been posted to shareholders and will be available from the Company's website www.xtractresources.com. The AGM will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG on 22 June 2017 at 12:00 noon for the purpose of considering, and if thought fit, passing the following resolutions of which resolutions 1 to 4 and resolution 6 will be proposed as ordinary resolutions and resolution 5 will be proposed as a special resolution.\nOrdinary Business\nResolution 1\nTo receive and adopt the directors' report and financial statements for the year ended 31 December 2016, together with the auditors' report thereon.\nResolution 2\nTo re-elect Mr. J Silberstein as a director of the Company who retires by rotation and offers himself for re-election.\nResolution 3\nTo appoint Chapman Davis LLP as auditors of the Company to hold office until the conclusion of the next Annual General Meeting at which accounts are laid before the Company and to authorise the directors to determine their remuneration.\nResolution 4\nThat for the purposes of section 551 of the Companies Act 2006 (\"the Act\"), the directors of the Company be and are hereby generally and unconditionally authorised (in substitution for any and all authorities previously conferred upon the directors for the purposes of section 551 of the Act, but without prejudice to any allotments made pursuant to the terms of such authorities) to exercise all powers of the Company to issue and allot or grant equity securities (within the meaning of section 560 of the Act) up to an aggregate nominal amount of £36,903.108 provided that this authority shall expire (unless previously renewed, varied or revoked by the Company in general meeting) at the earlier of the conclusion of the next Annual General Meeting of the Company or 30 June 2018 save that the Company may before such expiry make an offer or agreement, which would or might require equity to be allotted after such expiry and the directors of...