4th Feb 2020 12:20
(Alliance News) - Nostra Terra Oil & Gas Co PLC said Monday it received a letter from Eridge Capital Ltd on Friday last week requisitioning a meeting for shareholders to consider removing Non-Executive Chair Ewen Ainsworth from Nostra's board.
Nostra's board considers the requisition valid, but is considering whether to include the relevant resolution in a circular to shareholders for an upcoming general meeting, or call a separate general meeting for the resolution altogether.
Shares in Nostra Terra - which is based in London - were down 5.7% at 0.754 pence on Tuesday in London.
By Dayo Laniyan; [email protected]
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