LaticsRule - An EGM can be called by 10% (23 million shares). I am happy to help the effort. I reach Sam & he replies. Just as any other shareholder. My first message was reproduced from the initial AGM announcement.
The Board recognises that the AGM is an opportunity for shareholders to ask questions of the Board in relation to the business of the AGM and the Company's activities. Given the Board's request for shareholders not to attend the meeting in person, we would like to invite shareholders to submit questions in advance of the meeting via email to email@example.com or in writing to the Company's registered office. Any questions should be submitted by the close of business on 23 June 2021.
2025 Brent Futures quote $60. I do not expect Harbour to say any more than they did on 1 April. Ombrina Mare is only a nice to have, please do not start celebrating. I agree many PIs may be forced sellers due to liquidity needs. To wait a year is better.
RE: In fact, your request has fallen well short16 Jun 2021 11:26
I can sight 17 Shareholders with circa 7million+ shares have co-filed as of today. We need a minimum of either 100 Shareholders or 23 million shares to co-file, as per Companies Act We want the Executives to show they can defer their excessive salary and stock options to First Oil.
WeTheShareholders.Tumblr.Com Act for prudent management today!
£100k Salary Cap until First Oil, All the 1p and 6p Options must vest only at First Oil, Nomination Committee must ask 1 or 2 Investors to sit on the Board.
RE: In fact, your request has fallen well short15 Jun 2021 14:59
cyan2, easily 50 million of 70 million shares vote "for" Director re election, as you know. Institutions, Board, Directors, ex Staff and Chairman's proxy small shareholders. There are enough amongst those who want more G&A austerity keeping the same leadership.
RE: In fact, your request has fallen well short15 Jun 2021 10:32
CitizenTS - Appreciate your thoughts and fears. None of the resolutions calls for Removal of Directors. Salary & bonus must tie in with the cash situation & real results.
Achieve FID, Sanction and step-up rewards by all means. Had the resolutions been £100k salary today, £100k step up at FID, £100k step up at Sanction, £100k step up at First Oil, all 1p and 6p options to vest only at First Oil, then would you have thought differently?
Nice to have Sam and Stewart, but won't be held hostage by them.
RE: In fact, your request has fallen well short12 Jun 2021 09:03
Fact: 60+ Shareholders (holding at least 250k shares each?) had voted "Against" in 2020. You can have an active say in how Your company is run by the executives, and not just their salaries, if and only if you actually group up towards 5% (23million) or 100 persons. To have tried is very important. Remember, a group of 100 or 5% can call a Meeting anytime they have an item to agenda. Companies Act 2006. firstname.lastname@example.org WeTheShareholders.Tumblr.Com Rewards only at First Oil. Executives can live near Salisbury for a £100k salary until First Oil.
RE: In fact, your request has fallen well short10 Jun 2021 18:11
Fibonacci112 - Good observations. Appreciated very much! As small PI shareholders, we can only try. To have tried is very important. I believe the resolutions we suggest are quite fair. Alternatively, 100 Shareholders or 23million shares are able to call a Meeting separately. IANAL but if you have prior experience in the area?
RE: In fact, your request has fallen well short10 Jun 2021 12:15
Secretblueprint - Notification per CA S.312 was given well before the RNS announcement. Co-filing is now in progress by Shareholders, per S.338, S.153, S.314 etc The Chairman and Secretary are now duty-bound to recognize co-filing emails.
RE: In fact, your request has fallen well short10 Jun 2021 09:02
DD77 - Thank you very much indeed. Very simple steps-
1. Obtain the Holdings Confirmation from your Broker. 2. Email the Chairman and Secretary per the suggested copy, attach the Holdings Confirmation. 3. Forward the email appropriately to email@example.com. so we update the co-filers count.
RE: In fact, your request has fallen well short10 Jun 2021 07:31
LaticsRule - On sight of the 100th email co-filing, Rockhopper becomes obliged by UK law to immediately include the resolutions into AGM, and update their proxy forms. You will be able to vote via your Broker, attendance in AGM is not required. Obviously, co-filing Shareholders must act ASAP. Can't leave this to Mon 28/June!
WeTheShareholders.tumblr.com Align executive compensation with real performance. Co-file today!