Note and attachment just received from the CPSA...
Dear CPSA Member
There have been further developments over the last few days;
- On Friday 9.6.17 CTP was suspended from trading on ASX following a request by the company. The suspension will last until Thursday 15.6.17 pending a second Supplementary Booklet and another delay to hold the Scheme meeting. We expect the new meeting date will be announced early this week.
Note: CTP only announced the Supreme Court application the day of the hearing, which didn't allow us to have someone attend and observe. We are of the firm belief CTP/MQG are deeply concerned about the strength of the AGAINST vote and are finding any reason to delay the vote.
- Also on Friday 9.6.17 CTP announced that the EGM to deal with OptionCo board replacements will be held on 19 July 2017. See attached.
Note: The Notice of Meeting contained a summary of the OptionCo proposed board members and attempted to discredit them. The attached letter from OptionCo is a response from the OptionCo directors rebutting the claims made by CTP.
Not Financial Advice
Comments made and information provided in this email should not be construed as investment advice and members are encouraged to seek their own professional advice in relation to their investment in CTP.
As always the CPSA remains committed to assisting members, and maintains the belief the future of Central Petroleum is in the hands of all of its shareholders.
Regards Robin Judd
[BCOLOR=rgba(255, 255, 255, 0)]Robin[/BCOLOR]
[BCOLOR=rgba(255, 255, 255, 0)]Further to the Company announcing on Friday that our requested General Meeting to replace the current board will be held on 19 July, please find attached OptionCo's response to the assertions made about our proposed new directors.[/BCOLOR]
[BCOLOR=rgba(255, 255, 255, 0)]If you feel this would be appropriate, we would appreciate if you could distribute this to CPSA members.[/BCOLOR]
[BCOLOR=rgba(255, 255, 255, 0)]OptionCo remains concerned with the current boards delay tactics for the upcoming Scheme Meeting, and looks forward to concluding this undervalued takeover approach as soon as possible. [/BCOLOR]
[BCOLOR=rgba(255, 255, 255, 0)]Likewise OptionCo remains disappointed in the ongoing efforts to promote the Scheme using company funds, which have recently included trips around Australia to try to meet with and dissuade OptionCo members. Shareholders can feel confident that our members remain more committed than ever in opposition to the current Scheme, and thereafter replacement of the board.[/BCOLOR]
