Block Energy PLC - oil and gas developer and producer in Georgia - Resolution proposed by Forest Nominees Ltd, on behalf of GP Jersey Ltd, is rejected by shareholders at general meeting with 94% votes against. Resolution called for an "independent forensic investigation into the affairs of the company."
"With this second requisitioned general meeting now behind us, the board is looking forward to getting back to focusing on operations and increasing the value of the business," Chair Philip Dimmock says.
Current stock price: 2.65 pence, up 6.0% on Wednesday
Year-to-date change: down 18%
By Ivan Edwards; ivanedwards@alliancenews.com
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Block Energy P. (BLOE)