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Hurricane Energy plc (HUR.L)

LSE - LSE Delayed Price. Currency in GBp
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1.7000+0.0490 (+2.97%)
At close: 4:35PM BST
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  • H
    Harry
    Any News on this ???
  • H
    Harry
    Good News people .....We need to change management ..

    RNS Number : 0574B
    Hurricane Energy PLC
    07 June 2021

    7 June 2021
    Hurricane Energy plc

    ("Hurricane" or the "Company")

    Notice of Extraordinary General Meeting


    Hurricane Energy plc, the UK based oil and gas company, announces that a notice of an Extraordinary General Meeting ("EGM") and the associated form of proxy have been published today in the Investors section of the Company's website at www.hurricaneenergy.com.

    Printed copies of the notice of EGM and form of proxy have been posted to registered shareholders who have elected to receive paper communications.

    Notice of Extraordinary General Meeting

    On 18 May 2021, Crystal Amber Fund Limited, a shareholder with a beneficial holding of 14.32% of the issued ordinary shares of Hurricane, served a requisition notice on the Company pursuant to section 303 of the Companies Act 2006 (the "Companies Act"), requiring that the Company convenes a general meeting of shareholders for the purposes of considering ordinary resolutions removing from, and appointing to office, directors of the Company.

    The Company today, 7 June 2021, gives notice that the requisitioned EGM will be held on 5 July 2021 at 11:00 BST. In light of the current social distancing measures aimed at reducing the transmission of the COVID-19 virus in the United Kingdom, please note that attendance at the EGM in person will not be possible. The EGM will be held as a hybrid meeting, in accordance with the Company's Articles of Association. Shareholders can access the EGM through a combination of a live video webcast via the Lumi website and an audio conference facility. Full details of how to access the meeting, ask questions and vote at the meeting are outlined in the notice of EGM.

    All shareholders are encouraged to submit their vote by proxy, well in advance of the meeting. Details of how to do this are contained in the notice of EGM. All valid proxy votes (whether submitted electronically or in hard copy form) will be included in the poll to be taken at the meeting.

    The result of the EGM will be announced after its conclusion and published on the Company's website.
    Hurricane is an AIM-listed, UK-based oil exploration and production company focussed on naturally fractured basement reservoirs.
    Hurricane is an AIM-listed, UK-based oil exploration and production company focussed on naturally fractured basement reservoirs.
    www.hurricaneenergy.com.
  • M
    Market
    This is rebounding all catalyst set in place 💎🙌🏻🚀🚀
    Bullish
  • M
    Market
    Buy up shares, cast your vote and approve the restructuring.
    Bullish
  • S
    SKIRED
    To Whom It May Concern,

    I want to bring to your attention, a potential fraud with a UK AIM company named Hurricane Energy.

    The company is planning to give 95% of the company to bold holders for just 50m. This is despite 15 months until the bonds mature date, rising oil prices, which is very strongly premature based on the company's outlook.

    The second largest shareholder Crystal Amber has tried to communicate with the board to take the company forward, all attempted communications with the board have been ignored, which clearly breaks the AIM Corporate Governance rules, which states,

    Under Dialogue with shareholders
    "There should be a dialogue with shareholders based on the mutual understanding of objectives. The board as a whole has responsibility for ensuring that a satisfactory dialogue with shareholders takes place"

    Crystal Amber said it suggested in October that Hurricane should buy in some of its loan notes at below 50% of par value.

    It said Hurricane’s chairman previously remarked that such purchases would be a “commercial no brainer”.

    But Crystal Amber said no update on bond purchases or capital allocation had been provided.

    Crystal Amber said it had done everything possible to support the Hurricane since making an initial investment in 2013, but appears to said: “We note that the seven board members of Hurricane own shares with a total value of £60,000.

    “We are no longer prepared to be excluded from participating in the evaluation of impending critical to be both indecisive and obstructive.

    “Therefore, we now intend to take appropriate action in order to maximise Hurricane’s potential.

    I believe the Hurricane Energy board, have deliberately ignored all Crystal Amber's attempts of communications, including those to add additional finance to take the company forward.

    I strongly believe the company has an agenda against the best interests of shareholders, for their own personal gains.

    I hope you will get involved in this potential court case and fight against the injustice caused.

    Thank you very much for your time and help in advance.
  • S
    Siddikur
    Nice bump in the price today. What's the news?
  • H
    Harry
    Buy this is gud bet ...Crystal Amber is IN ....Now will go to full
  • S
    SKIRED
    Good news today, Crystal Amber to try to acquire HUR and to get rid of the corrupt Board of Directors. Good luck to Crystal Amber in their efforts! If successful we can see a rise in share price. Fingers crossed!
  • S
    SKIRED
    I have noticed a a majority of buying today at 0.75. I will hold this stock even though I am resigned to losing my investment.
  • S
    Shaf
    Please give me an honest advice.

    Any chances for this company to go bankruptcy?

    Do you think the current price is good for new entry price if I hold it for 1 year ?

    Thanks in advance.
  • M
    Market
    If a restructuring deal is agreed, then market could see potential for repricing
  • M
    Market
    Hurricane reaches deal with bond holders on exercisable options and extension of maturity of debt after 2024. Good news
  • H
    Harry
    Any latest news on this ??a
  • M
    Market
    Hurricane Energy has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
    Bullish
  • J
    Joseph
    to the moon
  • S
    SKIRED
    With the shares now at a penny would there be a take over? The company is worth well over its market cap, will be a very interesting few months.
  • a
    alex
    Diluting shares because they can’t pay debts. That’s not what I was expecting. Another bag to hold 🙄
  • M
    Market
    Crystal Amber to the rescue
    Bullish
  • M
    Market
    Heading up to 15p 🆙📈🚀
    Bullish
  • E
    Edward
    I really do feel sorry for people that may have invested part of their pension or savings in this company. Perhaps if the directors incomes were linked with the share value then perhaps they may be more interested?