20th Apr 2016 17:38
LONDON (Alliance News) - Oracle Coalfields PLC said Wednesday its shareholders had voted against the re-election of its Chairman William Adrian Loader at its annual general meeting on Wednesday.
Oracle said all other resolutions were passed.
"The board has full confidence in Loader and intends to engage with its shareholders on the implication of this vote in relation to resolution three," Oracle said.
Shares in Oracle closed down 12% at 2.33 pence on Wednesday.
By Hannah Boland; [email protected]; @Hannaheboland
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