Page 5 - Phil Dudderidge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tue, 22nd Dec 2020 18:06 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Lekoil Ltd - Lagos-headquartered oil exploration and production company with interests in Nigeria and offshore Namibia - Says arguments made by Metallon Corp Ltd, which requisitioned general meeting of Lekoil shareholders, are specious and designed to distract from their true intentions . Lekoil says it has never been against making board changes. The board considers the requisitioned resolutions to be no more than an ill-disguised attempt by Metallon to gain control of your company without paying a price to all shareholders, Lekoil adds. Company explains that should Metallon s proposals be passed, the shareholder s appointees will represent 50% of Lekoil s board and will also have a casting vote. The board does not believe that it would be appropriate for a 15% shareholder, to enjoy that level of board rep

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