QOGT Quorum Oil &Gas

 

TIDMQOGT 
 
RNS Number : 9248R 
Quorum Oil and Gas Tech. Fund Ld 
31 August 2010 
 

  Not for release, publication or distribution in, or into, the United States, 
                          Canada, Australia or Japan. 
 
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|                              |               31 August 2010 | 
+------------------------------+------------------------------+ 
 
                   Quorum Oil and Gas Technology Fund Limited 
 
                               Requisition of EGM 
 
 
The Directors of Quorum Oil and Gas Technology Fund Limited (the "Company") 
(LSE:QOGT) announce that the Company received on 27 August 2010 a notice 
requisitioning a general meeting of the Company for the purpose of considering 
resolutions (to be proposed as ordinary resolutions) for the appointment of Bill 
Scott, Jonathan Hooley and Andrew Duquemin as directors of the Company and for 
the removal of Tom Price and Christopher Hill as directors of the Company. 
 
The notice was served by Bank of New York Nominees Ltd, in respect of shares 
ultimately beneficially owned by CF Midas Balanced Income Fund and Oppenheimer & 
Co Inc. who together control more than 10 per cent. of the Company's issued 
share capital. The Company's articles of association require the Directors to 
serve a notice within 21 days to convene a general meeting after the receipt of 
a requisition validly served under Guernsey law. 
 
The Directors will give due consideration to the requisition. However, prior to 
receipt of the notice, having met the prospective new directors on 19 August 
2010 and having made a series of enquiries about their plans for the Company 
(and the plans of QOGT Inc and Liberum Capital), the Directors had determined in 
any event to give notice of a general meeting of the Company, the documentation 
for which has been prepared and will now be issued within the next 24 hours. 
The documentation was not previously circulated to shareholders pending receipt 
of those plans, which have not been forthcoming. At that general meeting 
resolutions will be put to the shareholders addressing the above and other 
related issues for the Company. 
 
 
                                    - Ends - 
 
For further information: 
 
+----------------------------------------+---------------------+ 
| Corporate Broker                       |                     | 
+----------------------------------------+---------------------+ 
| Numis Securities                       |                     | 
+----------------------------------------+---------------------+ 
| David Benda, Corporate Broking         |     Tel: +44 (0) 20 | 
|                                        |           7260 1275 | 
+----------------------------------------+---------------------+ 
| d.benda@numiscorp.com                  |                     | 
+----------------------------------------+---------------------+ 
 
Media enquiries 
+----------------------------------------+-------------------------+ 
| Abchurch                               |                         | 
+----------------------------------------+-------------------------+ 
| Henry Harrison-Topham / Mark Dixon     |         Tel: +44 (0) 20 | 
|                                        |               7398 7729 | 
+----------------------------------------+-------------------------+ 
| mark.dixon@abchurch-group.com          | www.abchurch-group.com  | 
+----------------------------------------+-------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBLGDILUXBGGB 
 

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