Prospex Energy PLC Letter to Shareholders (4567L)
September 10 2021 - 9:10AM
UK Regulatory
TIDMPXEN
RNS Number : 4567L
Prospex Energy PLC
10 September 2021
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
10 September 2021
Prospex Energy PLC ('Prospex' or the 'Company')
Letter to Shareholders
Prospex Energy PLC, the AIM quoted investment company (AIM:PXEN)
focused on European gas and power projects, announces that Mark
Routh, Prospex's CEO has written to all shareholders to seek their
support in advance of the General Meeting to be held on 5 October
2021 and to present the Prospex Board's recommendations.
His letter has also been posted on the Prospex Energy website
at: https://bit.ly/38VTILL
Mark Routh CEO of Prospex commented:
"I am contacting all shareholders to communicate the Company's
recommendations for voting at the General Meeting. We believe it is
necessary for the Company to have a Board committed to representing
all shareholders, with knowledge of its assets and a determination
to drive shareholder value."
The Prospex Board's recommendations:-
-- The Board recommends voting AGAINST resolutions 1 to 8
proposing new directors and ousting the Prospex board.
-- The Board recommends voting AGAINST resolutions 9 and 10
proposing the issue of new shares by the activist shareholder
group.
-- The Board recommends voting FOR resolutions 11 to 14
supporting the Prospex board and the issue of shares, which would
result in less dilution than that proposed by the activist
shareholder group.
* * ENDS * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236
1177
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Capital Limited Tel: +44 (0) 20 7220
9797
Susie Geliher St Brides Partners Ltd Tel: +44 (0) 20 7236
Catherine Leftley 1177
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END
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