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Done. Many thanks for your leadership, Glenrothes.
If you sh*t on your shareholders, that can have very serious repercussions.
One would assume that we're all trying to achieve more-or-less the same outcome aren't we?
Be careful Mr Lough, as you could come to regret this sort of behaviour
I don't think Mr Lough understands that the world has moved on since the days of paper. COVID pushed the regulators into digital signatures and Companies House accepts them along with other regulators such as charity regulators. He is on the wrong side of history and does not know it yet.
The haughty arrogance of the man is extraordinary. Contempt for shareholders ought to be a reason for him to resign. I suspect his days are numbered.
Done.
Is Mr Lough really suggesting his points 1,2, 3 and footnote invalidate our requisition ? Really??
Done and bcc'd you Mr Glenrothes
Done
Done
Now sent
Donenw
That their are so many unanswered questions suggests a lack of meaningful dialogue
Cubane
That response makes my blood boil and I'm not even a current shareholder!
"...I confess I am surprised to receive an intention to requisition a general meeting ahead of any meaningful dialogue".
That sentence sums up the WHOLE problem. These people are overprivileged and tone-deaf. WTF have you been doing for the last 10 years, man! After 10 years of utter, diabolical failure do you think most shareholders want "meaningful" dialogue with you.
I really think Glenrothes (who has been absolutely brilliant with his efforts) hasn't gone far enough. These people should lose their jobs - it's that simple. They have absolutely nothing to offer at this point and talking to them is a total waste of time. Approach the institutions, canvass support, get rid!
All IMHO DYOR
Best
Happy
Wonder if the Press are interested ?
Please see below a message from Keith Lough, Chairman
Thank you for your email.
I always welcome and encourage dialogue with shareholders and I confess I am surprised to receive an intention to requisition a general meeting ahead of any meaningful dialogue.
Out of courtesy, I wanted to inform you that your email is not a valid requisition for a variety of reasons.
Following the announcement last week of Harbour’s intention to exit the Falklands, our focus, rightly, is on: (1) progressing Harbour’s orderly exit from the Falklands, (2) advancing plans for an alternative, lower cost, development of Sea Lion, and (3) progressing discussions with Navitas around their potential entry to the project.
The board is acutely aware of the Company’s financial position. During 2020, approximately US$2 million of recurring annual corporate costs were identified and removed permanently from the business. Further cost reduction initiatives are actively being considered. I can assure you that shareholder concerns have been heard and the board are responding to them. Attempts to requisition at this point are an unnecessary distraction and in any event we do not believe have support from a majority of shareholders.
As you would expect, the Board, and I as Chair, value correspondence with shareholders and I am available to answer your questions. We also have the upcoming Investor meeting, which is an opportunity for retail shareholders to hear from the executive team about the business.
Regards
Keith Lough
Chairman, Rockhopper Exploration plc