As mentioned previously, a small group of shareholders have proposed an alternative plan for shareholders to consider if the Scheme fails.
After a review of their proposed plan, received on Tuesday, and having verified both their cumulative shareholdings and confirmation of the necessary documentation to support their proposed replacement board members, we can confirm this appears to be a bona fide plan worthy of member’s consideration. This small group of shareholders have called themselves “OptionCo”, and have requested anonymity except for their representative, and proposed Non-Executive director Mr. Stuart Howes.
That is the secretive part
I note that 3 other persons appear as alternate directors
Proposed Alternate Directors
"Colin Goodall" is a qualified chartered accountant and member of the Chartered Institute of Taxation, with over 50 years of experience in the resources sector globally.
"Stuart Howes" Bachelor of Mechanical Engineering and a Master of Business Administration, and has extensive operational, commercial and capital development experience, coupled with a strong working knowledge of the Oil & Gas Industry.
