Appreciate it's no longer Sunday but going along calling each other names and being generally insulting is going to get nobody anywhere, especially if you are both shareholders. Nothing wrong with having differing opinions but this back and forwards just puts other people off and distracts from the main purpose as to why we are all here which is to make money. Catch you all later, have some pipework to go and finish off
Thank you Banjo, wasn't expecting it to be a big secret just had never made it to the very last page of the Annual's. Anyway I have now and can't see any resolutions regarding Director's retiring by rotation so I'm still on the look out for additional information because according to section 102 of our Articles the following is stated:
102 Number to retire by rotation
102.1 Subject to the second paragraph of this Article, at every annual general meeting one- third (1/3) of the Directors or, if their number is not three (3) or a multiple of three (3), the number nearest to but not exceeding one-third (1/3) (unless there are fewer than three (3) Directors, in which case one (1) of those Directors) shall retire. Subject to the Statutes and these Articles, the Directors to retire by rotation on each occasion (both as to number and identity) shall be determined by the composition of the Board at the start of business on the date of the notice convening the annual general meeting and shall comprise: first, any Director who wishes to retire and not to offer himself for re-election; and secondly, those who have been longest in office since their last appointment or reappointment (but as between persons who became determined by lot or as the Directors concerned may agree among themselves). No Directors shall be required to retire or be relieved from retiring by reason of any change in the number or identity of the Directors after that time on the date of the notice but before the close of the meeting.
102.2 In addition, any Director not otherwise required to retire at an annual general meeting shall do so unless he was appointed or re-appointed as a Director at either of the last two (2) annual general meetings before that meeting.
Sunday, day of peace remember so no name calling please. Yes you are correct in that I'm trying to find copies of the resolutions which were voted on at the last few AGM's to see what was there and what wasn't there.
They are mirror images of each other : ''Victoria Oil and Gas Plc, the unique African gas utility, is pleased to announce that, at the AGM of the Company held this morning, all of the resolutions that were proposed in the Notice of Annual General Meeting which was sent to shareholders, dated 29 May 2016, were duly passed''
This isn't only Victoria Oil and Gas - this is a 'bog standard RNS' used by ALL companies.
Moljen - I like to think of myself as a 'Team Player' and as such will usually reply to every non-Troll type post. Sorry about the delay in replying.
How's them there Shetland ponies doing. My mates son breeds Arabian horses in Lancashire.
There will be more to come regarding what I have just posted. But I am a stickler for accuracy - and like to have things right. More to come ... (providing that it doesn't get 'Reported' and 'Removed' - Lol (not).
AJ, in your pile of docs do you have easy access to previous AGM notices and the resolutions? - trying to ascertain whether at least one Director each year has offered to retire by rotation and if so who was it each year. Articles (and I'm not a lawyer so it's only my take) are heavily weighted in favour of the Board and not the shareholders so our rights are very limited but sections 66, 102, 109, 110 and 111 are worth a read if you've not done so previously.
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