EGM - announcement19 Apr 2018 17:35
Update on Requisition to Convene a General Meeting
Further to the announcement of 4 April 2018 regarding a notice requisitioning a general meeting of the Company's shareholders, the Company was today informed by James Normand, one of the individuals proposed by the requisitioners for appointment to the board of Pathfinder, that he has withdrawn his candidacy. Accordingly, given that James Normand does not consent to act as a director of Pathfinder, the proposed resolution to appoint James Normand as a director of the Company cannot be properly moved as it would, if passed, be ineffective and will therefore not be put to the Company's shareholders at the general meeting.
The Company will continue to comply with its obligations under the Companies Act and will convene a general meeting in respect of the requisitioners' remaining resolutions. A further update on the general meeting will be given in due course.