Dissemination of a regulatory announcement that contains inside
information according to Regulation (EU) No 596/2014 (MAR).
Karelian Diamond
Resources plc
(“Karelian Diamonds” or “the
Company”)
7 June 2019
Requisition of
Extraordinary General Meeting
Further to the announcement of
31 May 2019, Karelian Diamonds (AIM:
KDR), the diamond exploration company, announces that it yesterday
received a document at its office dated 6
June 2019 from Interactive Investor Services Nominees
Limited as nominee on behalf of Alan
Osborne, Richie Taberner and
Kevin Taylor (the “Requisitioners”)
validly requisitioning an Extraordinary General Meeting (“EGM”) of
the Company (the “Document”). The Document provided by the
Requisitioners states that the Requisitioners hold, in aggregate,
4,579,285 ordinary shares in Karelian Diamonds which represents
13.28 per cent. of the Company’s current issued share capital.
The stated objects of the Document
are to convene an EGM to remove Professor Richard Conroy, Maureen
Jones, Seamus FitzPatrick, Dr
Sor?a Conroy and Louis J Maguire as directors of the Company and to
appoint Alan Osborne, Stephen Grimmer, Martin
Doyle and Kevin Taylor as
directors of the Company. The Board do not believe the
proposed change of board is in the interests of the Company’s
shareholders as a whole.
The Board will consider the request
for an EGM in accordance with the statutory requirements of the
Irish Companies Act 2014 and further announcements will be made in
due course by the Company.
For further information please contact:
Karelian Diamond
Resources plc |
Tel:
+353-1-479-6180 |
Professor Richard
Conroy, Chairman |
|
Allenby Capital
Limited (Nomad) |
Tel:
+44-20-3328-5656 |
Nick Athanas/Nick
Harriss |
|
Brandon Hill
Capital Limited (Broker) |
Tel:
+44-20-3463-5000 |
Jonathan Evans |
|
Lothbury Financial
Services |
Tel:
+44-20-3290-0707 |
Michael Padley |
|
Hall
Communications |
Tel:
+353-1-660-9377 |
Don Hall |
|
www.kareliandiamondresources.com