Member Info for GedW

Companies Act 2006 A director of a company must— (a)act in accordance with the company's constitution, and (b)only exercise powers for the purposes for which they are conferred. Duty to promote the success of the company (1)A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to— (a)the likely consequences of any decision in the long term, (b)the interests of the company's employees, (c)the need to foster the company's business relationships with suppliers, customers and others, (d)the impact of the company's operations on the community and the environment, (e)the desirability of the company maintaining a reputation for high standards of business conduct, and (f)the need to act fairly as between members of the company. (2)Where or to the extent that the purposes of the company consist of or include purposes other than the benefit of its members, subsection (1) has effect as if the reference to promoting the success of the company for the benefit of its members were to achieving those purposes. (3)The duty imposed by this section has effect subject to any enactment or rule of law requiring directors, in certain circumstances, to consider or act in the interests of creditors of the company.

[MTV] There is speculation on the main thread that the Directors are somehow responsible for the demise of the share price due to some form of deficiency in the alleged "fiduciary" duties as it has been phrased. The Board appear to have complied with their Listing Rules and Companies Acts obligations to the letter. The Business model as been clearly and succinctly presented and it is alleged the Company is in "the growth phase", so where has the Board failed in its duties ?. The Board cannot and will not accept any responsibility, just as an execution only broker cannot be held responsible, market maker responsible, for shareholders poor investment decisions and or the share price under performance, which is market led. The only recourse members have is to show that the Directors have failed in their corporate obligations and committed any fraud. After all, the Directors act under the instructions of its owners, the shareholders/members. Only the Company can pursue Directors for any alleged wrongdoing and then the Director/s would therefore have contractual claims for unfair or wrongful dismissal. So to make allegations and claims against directors for any alleged wrongdoing could have financial consequences for the Company.

[LGO] LGO is pleased to announce that, following the launch of a proposed placing yesterday, 23 February 2015 (the "Placing"), it has successfully placed 172,760,000 new Ordinary Shares of 0.05p each (the "Placing Shares") at a price of 2.5 p per share (the "Placing") to a number of pension funds, institutional and professional investors. The Placing raised gross proceeds of approximately £4.32 million (the "Placing Proceeds"). The Placing Proceeds will be used to supplement the Group's existing cash balances and be used: · To provide additional working capital to satisfy the liquidity tests with a major European bank with whom the Company is looking to imminently secure a long-term debt financing deal; · To further the development of LGO's portfolio of exploration and production assets in Trinidad and Spain; · To allow the Group to continue to identify, assess and potentially acquire new exploration and production assets; · To repay existing short-term debt facilities of approximately £3 million; and · For general corporate purposes. Neil Ritson, the Company's CEO, commented: "As a result of the placements announced yesterday and today, we have successfully raised additional capital of £6.72 million (gross) in order to continue the rapid advancement of our Goudron Field development in Trinidad. We have also successfully included some significant blue chip long-term investors on our share register. The Company will now proceed to finalise our planned long-term debt facility which we expect to announce imminently."

[LGO] US$25 million Long-term Oil Swap Agreement with BNP Paribas Further to its announcements on 23 February, LGO Energy is today delighted to announce that Goudron E&P Limited, a wholly owned subsidiary of LGO Energy plc, has signed a US$25m pre-paid oil swap facility agreement with BNP Paribas to fund the ongoing development drilling program in the Goudron Field in Trinidad. Neil Ritson, LGO's Chief Executive, commented: "This is truly a milestone event for the Company. At a time when the industry is facing uncertainty and reductions in investment, LGO has demonstrated both the quality of the Goudron Field, even at lower oil prices, and the capability of our team to operate the field and develop a long term relationship with a major financial institution. The Company believes that this relationship will be instrumental in supporting the future growth of the business." The first tranche of this new facility, estimated at US$12 million, with the exact amount to be confirmed on the closing date, will have a 30 month duration and a 6 month repayment holiday. The initial tranche of the facility will fund the planned 2015 drilling of at least seven development wells at the Goudron Field. This ensures that the drilling program is fully funded and the Company is able to maintain the momentum of the development. The closing date, within 45 days from today, at LGO Energy's election, will fix the final amount drawn from the facility, allowing the Company to potentially optimise the amount drawn and the ultimate price per barrel under the contracted terms. Subsequent funds from the remaining US$13 million of the facility will, as and when approved, be available to fund the remaining 15 wells of the original 30 well primary development program already approved at Goudron. The first eight development wells were drilled in 2014, in part, using the short-term loan facility from YA Global Master SPV Limited. The remaining net balance drawn from that facility of approximately US$5 million will now be fully repaid from the equity raised in the recent share placements. The BNP Paribas facility is a pre-paid oil production swap and has been structured to allow repayment via future sales of oil. The facility has been secured against LGO's Goudron assets and the funds advanced by BNP Paribas will be used predominantly at Goudron and for other limited corporate working capital purposes. The initial drawdown of US$12 million will be used primarily to complete the planned 2015 Goudron drilling program. Under the facility the Group has sold forward approximately 250 thousand barrels of crude oil indexed to the price of West Texas Intermediate (WTI). The forward-sold barrels represents a conservative 15% of forecast sales from the reactivated wells and the first 15 new wells at Goudron over the 30 month duration of the agreement. Repayments are linked to the oil price offering a hedge to falls in the price of oil, whilst increases in payments are capped at an average price of approximately US$80/barrel such that the loan repayments have a ceiling and will not increase beyond this point should oil prices return to their historic levels. James Thadchanamoorthy, LGO's Finance Director, commented: "We are delighted to have signed this agreement with a pre-eminent global institution. This facility is ideally structured for the current environment, not only fully funding the 2015 drilling program, but also protecting LGO against downside oil price risk, whilst allowing the Company to benefit once the oil price recovers from this downturn." Further announcements will be made when the initial tranche has been drawn, at which time the final value of the first drawdown and other parameters under the agreement are known.

[MTV] The extraordinary general meeting convened to consider the share re structuring will only consider one motion, and be confined to, that is the Special Resolution to a share capitalisation, no other business can or will be discussed. The meeting will be swift and the vote will be taken as quickly as possible, so that everyone can get on with the business of getting MTV shares re structured and fresh funding, along with other Board intentions underway !

[SAVP] Completion of FTG Data Acquisition Savannah Petroleum, the Niger focused oil and gas company, is pleased to announce that its Agadem Rift Basin Full Tensor Gradiometry (FTG) survey has now been completed. The 36,949km of acquired data will now be processed and interpreted, and the results will be integrated into Savannah's Agadem basin subsurface model alongside the existing large 2D and 3D data sets Savannah is currently interpreting. Andrew Knott, CEO of Savannah Petroleum, said: "The operational completion of the FTG survey marks another important step for Savannah. We are pleased that it was completed ahead of time and on budget and believe it will prove instrumental in advancing our understanding of the basin. Over the coming months we now expect Savannah to enter a period of increased corporate newsflow, with our updated exploration leads and prospect inventory expected in mid H1 2015. In addition, key drilling and seismic contracts are in the process of being awarded, partnership discussions are progressing and significant momentum is apparent in relation to the sanctioning of the Agadem Area export pipeline. We remain confident in the outlook for Savannah and the attractiveness of the Agadem basin as a proven, highly prospective and low-cost oil province."

[YOLO] £250,000 Investment in Audioboom Group plc ("Audioboom") YOLO (AIM:YOLO), the AIM listed company investing in leisure and technology, announces that it has invested £244,977.80 in cash to acquire 2.5m shares in Audioboom (AIM: BOOM), representing 0.47% of the issued share capital of the company. Audioboom is the leading spoken-word audio on-demand mobile platform, which aims to provide the very best spoken-word content in news, current affairs, business, entertainment and sports (see www.audioboom.com). Audioboom is using this platform to create the world's first aggregated audio content syndication and advertising network. The company has established a platform for accelerated future growth and long term revenue generation through continued growth in its active userbase and content partners. Audioboom is using this platform to create the world's first aggregated audio content syndication and advertising network. Selected Audioboom year end highlights: · continued growth in 3.14m registered users, up 64% on same time last year (Nov 2013: 1.92m), now at 3.4m users; · over 2,000 content partners (Nov 2013: 297), now at 2,300; · year-end cash balance of £8.9m following oversubscribed placing in October 2014; · advertising revenues to come from media sales deals with Global Radio (UK) and AdLarge Media (US); · revenue referral agreement with Audible, a subsidiary of Amazon.com; and · partnership to make on-demand and listen again functionality available to radio stations utilising the Nobex mobile app platform. Simon Robinson, CEO of YOLO, commented: "We are very pleased to have taken a strategic investment into Audioboom, on the basis that the business has strong growth and value potential within the global mobile audio and streaming sector. As the leading spoken-word audio on-demand mobile platform, Audioboom is well positioned to establish a global userbase of listeners covering sport, news, business, entertainment and current affairs." "This is our third investment after eSports business Gfinity and over the top (OTT) broadcaster Simplestream."

[UKOG] Acquisition of 40% Interest in Markwells Wood discovery - UK, Weald Basin The Board of UKOG (AIM: UKOG) is pleased to announce that its fully-owned subsidiary, UKOG (GB) Limited, has signed an agreement with Magellan Petroleum (UK) Limited ("Magellan") to acquire their 40% interest in onshore licence PEDL 126 ("Markwells Wood") in the Weald Basin for a nominal amount of £1, subject to normal regulatory approvals. This acquisition increases UKOG's interest in Markwells Wood to 100%. UK onshore licence PEDL126 in the Weald Basin contains the Markwells Wood-1 Great Oolite oil discovery. Markwells Wood was discovered in 2011. An extended well test programme over a 6 month period from end 2011 to May 2012 was carried out, producing 3,931 barrels of oil. The peak flow rate over a 24 hour period was approximately 100 barrels of oil per day. UKOG's current interpretation of the Markwells Wood-1 well data and 2D seismic over the discovery and the neighbouring producing Horndean oil field (in which UKOG has a 10% interest) shows that Markwells Wood likely represents the eastern extension of the Horndean field, sharing the same structural spill point and interpreted oil down to depth of 4,446 ft TVDss. Further details on Markwells Wood are provided in UKOG's corporate presentation of November 2014, available on UKOG's website: www.ukogplc.com. UKOG and Magellan continue to work together to unlock value from our other joint venture licences in the Weald and Wessex Basins. Stephen Sanderson, the Company's CEO, commented: "The acquisition represents an excellent opportunity to further consolidate the Company's interest in the Markwells Wood oil discovery. UKOG's increased ownership will enable us to more fully exploit identified subsurface and infrastructure synergies shared with the adjacent producing Horndean oil field in which the Company holds a 10% interest. Given that we view Markwells Wood to be the eastern extension of the Horndean oil accumulation, we look forward to working with IGas Energy Plc, operator of Horndean, to help realise value from the significant oil in place demonstrated by the discovery". Qualified Person's Statement

[MTV] Shall GedW be the first to state "I told you so !" Proposed Share Capital Reorganisation Notice of General Meeting Motive today announces that a General Meeting of the Company will be held at 11.00 a.m. on 6 March 2015 at the offices of Cooley (UK) LLP, Dashwood, 69 Old Broad Street, London, EC2M 1QS UK for the purpose of considering and, if thought fit, passing resolutions pertaining to a reorganisation of the Company's issued share capital and the subsequent amendment of the Company's articles of association. It is intended that the following amendments to the Company's share capital will take place: - Each of the Company's 51,100,292,430 existing ordinary shares of 0.01 pence each be subdivided into 1 ordinary share of 0.001 pence each and 1 new deferred B shares of 0.009 pence each; - Each of the Company's 4,211,412,023 deferred shares of 0.09 pence each be subdivided into 10 deferred shares of 0.009 pence each; - The 51,100,292,430 new ordinary shares of 0.001 pence each be consolidated into 10,220,058,486 new ordinary shares of 0.005 pence each; - The 51,100,292,430 new deferred B shares be consolidated into 10,220,058,486 deferred B shares of 0.045 pence; and - The 42,114,120,230 new deferred shares of 0.009 pence each be consolidated into 8,422,824,046 consolidated deferred shares of 0.045 pence each. These changes will reduce the total number of ordinary shares in issue as well as give the Company greater flexibility with regards to any potential transactions, being acquisitions, fundraisings, or, any other corporate activity.

[PINN] Mobile digital services offering Pinnacle notes recent speculation and confirms that it is in discussions with O2 and other providers of mobile services regarding the ongoing provision of the Company's mobile and digital services offering. The Company currently provides mobile services from O2, EE, Vodafone and Gamma. Further announcements will be made in due course when appropriate.

[MIRA] Commercial Launch of Iris solution in Mexico mirada plc, the AIM-quoted audiovisual interaction specialist, is delighted to announce the commercial launch of the Company's multiscreen product Iris for Cablevisión Monterrey (TVI) ("Cablevisión") in Mexico. This is the first of the cable network deployments agreed as part of the announcement dated May 19th 2014, which enables Cablevisión to launch its renewed pay TV service based on mirada's Iris end-to-end solution. The solution encompasses Inspire state-of-the-art User Interface, Iris software client for the set-top boxes and the innovative backend platform, Iris SDP. It enables Cablevisión to offer its clients advanced Electronic Programme Guides as well as many high-end features such as advanced search engine, smart recommendations, Video on Demand services and several efficient mechanisms which allow the subscriber to discover content. The current Cablevisión Monterrey service is soon to be enhanced with further advanced features and services, which will also be powered by mirada's solution. José Luis Vázquez, CEO of mirada plc, stated: "We are very proud to participate in this prestigious project, which fully demonstrates our capacity to manage all the partners involved and deliver excellent products for a Tier One operator with such a large subscriber base. We are currently working on additional features and services for Cablevisión which are soon to be implemented. This is the first launch under our agreement with the Tier One operator, which will be followed by others as the Customer extends the Inspire solution over different regions." René Bortoni; CEO at Television Internacional (Cablevision Monterrey) commented: "We are excited to announce the new DVB offering for new subscribers of our Pay TV and Triple Play services, it will transform the Customer Experience of watching TV. Mirada is a key player of this breakthrough of the Company."

[POL] [WTI] Acquisition of Miami Franchisee The Board of Water Intelligence is pleased to announce the acquisition of franchise territory covering Miami, Florida. The territory will be run as a corporate location with 2015 revenue and earnings consolidated directly into Water Intelligence. The location will be joined with our growing corporate operations that are adjacent in Fort Lauderdale to form a regional office. Executive Chairman Patrick DeSouza commented: "Our acquisition strategy is two-fold: First, expand corporate presence to accelerate nation-wide growth and second, incorporate select areas already partially developed by our franchisees to grow those locations even faster. We plan to launch additional corporate-run locations during 2015 while maintaining growth in our royalty income. "

[EPO] http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12251426.html

[POL] [WTI] NOTICE 16/02/2015, 1.35pm TEMPORARY SUSPENSION OF TRADING ON AIM WEATHERLY INTERNATIONAL PLC At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 16/02/2015 1.35pm, pending an announcement. Above average shares in [POL] traded this session. 99k traded at 9.50p

[WSG] Announces that its Technology Division has commenced 2015 with a number of important contract awards with a combined value of approximately $750,000 USD. The six contract awards include protection equipment for a nuclear facility in North America; advanced screening solutions in West Africa; and security solutions for a North African postal service, a museum in Egypt, a UK prison and a Southern African police service. These contracts follow the Technology Division's successful award of the US $4.4m America's consultancy contract announced in December 2014. Commenting on the contracts, Peter Fowler, Chief Executive of Westminster Group, said: "The strong start to 2015 in the Technology Division mirrors the excellent performance of the Managed Services Division which has just announced its Memorandum of Understanding with an Asian government for airport security services and, prior to Christmas, its 21 year Ferry contract. "The performance across both divisions; and the range of products, services and geographies where we are winning contracts; goes to highlight the reach and momentum achieved by the Group."

[MTV] http://gadgetshow.channel5.com/news/meet-first-android-tablet-tv-tuner-built

[POL] UPDATE RE WEATHERLY INTERNATIONAL PLC OPTION announces that it has allowed its right to subscribe for a further 51,984,748 Weatherly International Plc ordinary shares at a Subscription Price of 2.925 pence per share to lapse, unexercised.

[WSG] New Airports MoU - Asia Westminster Group Plc ('Westminster'), the AIM listed supplier of managed services and technology based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations worldwide, is pleased to announce that its Managed Services Division, through its wholly owned subsidiary, Westminster Aviation Security Services ('WASS'), has signed a Memorandum of Understanding ("MoU") with a government owned airport authority (the 'Authority') in Asia for the long term provision of airport security within the country. The MoU confirms the Authority's intention to enter into contract discussions with WASS to create a world-class airport security operation at the country's international airports which are experiencing significant growth and currently serving in excess of 2 million passengers annually. The intention would be for WASS to provide a complete ground security operational solution including the provision of enhanced technology, manpower, training and maintenance services under a long term concession agreement. Westminster will be deploying a team of aviation security experts to undertake a comprehensive survey of the airports concerned producing a full gap analysis and project plan which will form the basis for contract negotiations. Commenting on the MoU award Peter Fowler, Chief Executive of Westminster Group, said: "I am delighted to announce this latest development in our roll out of airport security services around the world particularly given the size, location and potential of this particular project. We have previously referred to the range of locations offering potential projects. This MoU demonstrates the progress being made in the prospect list, which remains active and growing. "We have been in discussions with the Government concerned for some time and the signing of this MoU is a significant step forward. I am pleased that the Authority has chosen to now enter into formal contract negotiations with Westminster, which is a clear indication of Westminster's global reach and reputation and which enhances our potential opportunities in Asia. "Our strategy of developing long term, recurring revenue, managed services projects protecting critical infrastructure such as airports, ports and harbours around the world is gathering momentum and, as previously reported, we are now in discussions with a number of governments and authorities across several continents regarding large scale, long term (typically 15 - 25 years) projects, of which this is just one example. "Whilst there is of course no certainty as to timing or the final outcome of this or any of the project opportunities in progress, the spread and extent of the opportunities we are now exploring together with the growing interest in our services from around the world and recent contract wins, such as the 21 year Ferry Service contract in West Africa, means the Board and I remain excited about the continuing growth prospects for our business."

[MTV] shan. You can rest assured. The Corporate advisers and MTV's Board will have been in discussions regarding the shares trading below nominal value. One can expect a statement to be made in this respect sooner rather than later. Obviously the Company will not point the finger as to why this is the case that the shares are priced as such, but will merely offer up a potential solution to correct the anomoly, and so put itself into a position to be able to raise more Equity finance.

[MTV] A further consideration is the length of time the capital is made available to a company. Debt has a fixed maturity, requiring repayment at a specified point in time, usually up to three years for smaller companies. As companies cannot guarantee that loans will be refinanced in the current economic environment, they must be comfortable in their ability to repay the loan out of their own cash flows within the specified timeframe. Equity investors do not require such specific repayments and can invest for the longer term with a view to an exit at a point that maximises value for all shareholders.