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CVC LIMITED — Board/Management Information 2009
Aug 16, 2009
64728_rns_2009-08-16_ca8f1e04-d7e4-43b6-b91d-aeaba64bd658.pdf
Board/Management Information
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Amadeus Energy Limited 20 October 2008 Level 11, St Georges Square 225 St Georges Terrace Perth, Western Australia 6000 Telephone: +61 8 9226 0222 Facsimile: +61 8 9226 0333 E‐mail: [email protected] Web: www.amadeusenergy.com
ASX Code: AMU
17 August 2009
AMADEUS ADVISES OF RECEIPT OF REQUISITION FOR GENERAL MEETING
Amadeus Energy Limited (Amadeus; the Company) advises that it has received a requisition from associated shareholders, CVC Limited, Melbourne Corporation of Australia Pty Ltd, Eris Pty Ltd and Michael and Jenny Bushell, jointly representing 5.1% of the Company’s shares on issue, to convene a shareholders' meeting to make changes to the Board of Directors.
CVC Limited has also forwarded to the Company a statement it wishes Amadeus to provide to all shareholders seeking the defeat of the resolutions to be considered at the Company’s scheduled general meeting on 9 September 2009. These resolutions are being proposed to ratify Tranche 1 and to approve Tranche 2 of the Company’s capital raising that was announced on 7 August 2009.
Amadeus Energy Ltd is an ASX listed energy company that generates value for shareholders by increasing oil and gas production and growing reserves through the acquisition and development of existing long‐life on‐ shore oil and gas fields and through exploration activity. This is achieved by acquiring properties that have significant development and improvement potential and by investing in a combination of low, medium and high‐risk exploration activity. Potential reserves of up to 20 million barrels of oil and 200 billion cubic feet of gas (100%) are being targeted through these development and exploration activities.
Amadeus Managing Director, Mr Geoff Towner, believes the actions of these associated parties have been designed to frustrate the Company at an important time of its growth and development.
The Board of Directors strongly recommends that all shareholders vote in favour of the capital raising resolutions as advised in the Notice of Meeting and letter to all shareholders dated 14 August 2009.
Mr Towner said the Board will continue to assess issues associated with the actions of CVC Limited and its associates and will respond to all shareholders in due course.
For further information regarding this report, please contact Amadeus:
Geoff Towner Managing Director P: +61 8 9226 0222 [email protected]
| ASX Listed: | 20 March 1997 | 20 March 1997 |
|---|---|---|
| As at 31 July 09 | ||
| Shares on issue: | ~198 | million |
| Unlisted options: | ~9.5 | million |
| Market Cap: | ~$64.5 | million |
| Major Shareholders: | ||
| Wyllie Group Pty Ltd | 12.60% | |
| Spinifex Holdings / G | Towner | 6.76% |
| Top 20: | 44.03% | |
| Directors: | 9.14% |