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MARKET REPORT: Director storm brews on Hurricane Energy board

Activist investor Crystal Amber Fund Limited, which holds a 29 per cent stake in Hurricane, has moved to oust six directors. ....

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MARKET REPORT: Director storm brews on Hurricane Energy board

Activist investor Crystal Amber Fund Limited, which holds a 29 per cent stake in Hurricane, has moved to oust six directors. ....

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Boardroom upheaval at Shetland oil firm after shareholder revolt

The production vessel used on the Lancaster field West of Shetland Picture: Hurricane Energy
EMBATTLED Shetland oil pioneer Hurricane Energy has parted company with its chairman and four directors after facing a boardroom coup attempt led by a dissident investor.
The company said yesterday that Steve McTiernan had resigned as chairman along with all four non-executive directors with immediate effect.
The resignations came after Hurricane proposed to complete a restructuring that would leave bondholders in control of the firm, and which has been denounced by shareholders.
Crystal Amber Fund called an extraordinary general meeting at which it wanted shareholders to vote Mr McTiernan and the four non-executives off the board and two replacements appointed. ....

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Oil price, Union Jack, Egdon, VOG, Zephyr, Hurricane, Advance, Getech, Jadestone. And finally…

Oil price, Union Jack, Egdon, VOG, Zephyr, Hurricane, Advance, Getech, Jadestone. And finally…
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Hurricane Energy PLC Announcements | Hurricane Energy PLC: Board Changes and Withdrawal of GM Requisition

Investegate |Hurricane Energy PLC Announcements | Hurricane Energy PLC: Board Changes and Withdrawal of GM Requisition
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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