17th Jun 2016 07:42
LONDON (Alliance News) - Empyrean Energy PLC on Friday said shareholders James Kight and Richard Appleby have requested an extraordinary general meeting of the company to consider resolutions regarding the removal of two directors.
Kight and Appleby, who have a 9.5% stake and 6% stake, respectively, are calling for the removal of Non-Executive Chairman Patrick Cross and Financial Director John Laycock.
They also call for the appointment of three new directors: Richard Appleby, Jeremy Edwards and Ronald Sleap.
"The company is taking appropriate advice and further announcements will be made in due course," Empyrean said in a statement.
Empyrean shares were trading up 3.8% at 6.88 pence on Friday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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