TIDMHUR
RNS Number : 6385A
Hurricane Energy PLC
02 June 2021
2 June 2021
Hurricane Energy plc
("Hurricane", the "Company" or the "Group")
Update on Shareholder Restructuring Plan Meeting
Further to the publication of the notice (the "Shareholder Plan
Meeting Notice") of the plan meeting of shareholders (the
"Shareholder Plan Meeting") on 24 May 2021, the Company announces
the process by which the Company's shareholders can virtually join
and participate in the Shareholder Plan Meeting.
Date and time of the Shareholder Plan Meeting
As set out in the notice dated 24 May 2021, the Shareholder Plan
Meeting will be held virtually via video conference at 12:00 BST on
11 June 2021 or, if later, as soon as possible thereafter as the
plan meeting of the Company's bondholders, scheduled for 11:00 BST
on the 11 June 2021, shall have been concluded or adjourned .
Information on how to join and participate in the Shareholder
Plan Meeting
Shareholders will be able to join and participate in the
Shareholder Plan Meeting virtually should they wish to do so. The
Shareholder Plan Meeting will be facilitated through a combination
of a live video broadcast facility via the Lumi website and an
audio conference facility. The live video broadcast facility via
the Lumi website will allow shareholders to view and listen to the
Chairman of the meeting, listen to the proceedings of the meeting,
submit questions in written format and vote remotely. The audio
conference facility will allow shareholders to listen to the
proceedings of the meeting and afford an opportunity to speak and
ask questions at the Shareholder Plan Meeting to shareholders who
wish to do so.
In order to ensure that the Shareholder Plan Meeting is held in
an efficient manner, any shareholder wishing to speak at the
Shareholder Plan Meeting is strongly encouraged to contact the
Company in advance by no later than 12.00 BST on 9 June 2021 by
email at communications@hurricaneenergy.com to register their
request to speak. Such email should state the shareholder's name
and the proposed question or topic of discussion. Whilst the
Company will endeavour to allow any shareholder wishing to speak
the ability to do so, the Chairman of the meeting may in his
discretion determine the order of speakers and questions, impose a
time restriction on speakers and/or impose a limitation on the
number of speakers to ensure that the business of the Shareholder
Plan Meeting is able to be concluded in an orderly manner at the
meeting. Such determination will be made on the basis of the number
of registered speakers and/or to avoid duplication of questions and
discussion items at the meeting. This determination will be
communicated to shareholders at, or in advance of, the Shareholder
Plan Meeting.
Whilst it will be possible for shareholders to submit written
questions to the Chairman of the meeting during the Shareholder
Plan Meeting via the live video broadcast facility, it may not be
practically possible for the Chairman to respond to any or all such
questions prior to the conclusion of the Shareholder Plan Meeting.
Shareholders wishing to ask questions in writing are strongly
encouraged to submit any questions they may have in advance by no
later than 12.00 BST on 9 June 2021 by contacting the Company by
email at communications@hurricaneenergy.com . Such email should
state the shareholder's name and the proposed question.
Shareholders wishing to speak at the Shareholder Plan Meeting
must ensure that they utilise the audio conference facility.
Shareholders wishing to vote at the Shareholder Plan Meeting must
ensure that they utilise the Lumi website live video broadcast
facility. Shareholders may access both facilities simultaneously
should they wish to both speak at, and vote at, the Shareholder
Plan Meeting.
Shareholders will require a unique Shareholder Reference Number
(SRN) and PIN to participate in the Shareholder Plan Meeting. This
SRN and PIN can be found printed on the form of proxy issued to
each shareholder. Shareholders who hold shares in a custodian
account, duly appointed proxies and corporate representatives or
otherwise who require an SRN and PIN are encouraged to please
contact the Company's registrar before 12:30 BST on 9 June 2021 on
0370 707 1733 (or +44 370 707 1733 if calling from outside the UK)
for a unique SRN and PIN. Lines are open 09:00 to 17:00 BST Monday
to Friday (excluding public holidays in England & Wales).
The details of both facilities can be found below. The details
will also be made available on the Shareholder Plan Meeting Lumi
website.
Lumi Website Live Video Broadcast Facility
1. The Shareholder Plan Meeting can be accessed through the Lumi
website at https://web.lumiagm.com using the meeting ID
(191-776-653), after which a shareholder will be prompted to enter
the unique Shareholder Reference Number (SRN) and PIN which can be
found printed on the form of proxy issued to each shareholder.
Electronic access to the Shareholder Plan Meeting will be available
from 11:30 BST on 11 June 2021, however, please note that the
ability to vote will not be enabled until the Chairman of the
meeting formally opens the poll. A guide on how to join the Lumi
website can be found on the Company's website at
www.hurricaneenergy.com.
2. The Shareholder Plan Meeting will be broadcast in video
format. From the commencement of the meeting, shareholders will be
able to listen to the proceedings of the meeting. Once the
Shareholder Plan Meeting resolution has been proposed, the
resolution will appear on the website along with the voting options
available: "FOR", "AGAINST" or "WITHHELD". Shareholders should cast
their vote by clicking on the relevant option on the screen. Once
the vote has been made, the option will change colour and a
confirmation message will indicate that the vote has been cast and
received. There is no "submit" button. To correct a mistake or
change the vote, simply select another voting option. To cancel a
vote, select the "CANCEL" option. Shareholders can vote, or change
their vote, at any time whilst the poll remains open and before the
Chairman of the meeting announces its closure at the end of the
meeting.
3. Shareholders may ask questions of the Chairman of the meeting
via the Lumi website by selecting the messaging icon from within
the navigation bar and typing their question at the bottom of the
screen. As noted previously, it may not be practically possible for
the Chairman to respond to any or all such questions prior to the
conclusion of the Shareholder Plan Meeting.
4. An active internet connection is required at all times in
order to allow voting when the poll opens, submit questions and
watch the video broadcast. It is the user's responsibility to
ensure the connection is maintained for the duration of the
meeting.
Audio Conference Facility
1. The Shareholder Plan Meeting can be accessed via audio
conference facility on +44 (0)330 336 9125, using the confirmation
code 8858522. The full details of the conference facility are as
follows:
Confirmation Code: 8858522
Phone Number: +44 (0)330 336 9125
Company Name: Hurricane Energy plc
Event Conference Title: Hurricane Energy Plc Shareholder Restructuring Plan Meeting
Time Zone: Dublin, Edinburgh, Lisbon, London
2. After dialling into the facility and entering the
confirmation code, a shareholder will be prompted by the operator
to confirm the full name and the unique Shareholder Reference
Number (SRN) which can be found printed on the form of proxy issued
to each shareholder. Audio access to the Shareholder Plan Meeting
will be available from 11:30 BST on 11 June 2021. Shareholders are
advised to join the conference at least five minutes before the
scheduled start time.
3. A shareholder who has pre-registered to speak at the
Shareholder Plan Meeting will, subject to the Chairman of the
meeting's determination of conduct of the meeting as mentioned
above, be notified by the moderator during the meeting at the time
allotted for him or her to speak. All shareholders will be
automatically muted before (and after) their allotted time to
speak.
4. The Company will endeavour to give a shareholder who has not
pre-registered to speak at the Shareholder Plan Meeting but wishes
to do so an opportunity to speak during the meeting, time
permitting. The operator will provide instructions during the
course of the meeting to such shareholders on how and when to
register a request to speak and, if relevant, the time allotted for
him or her to speak.
5. Shareholders wishing to ask questions using the audio
conference facility will need to mute the device to which the video
webcast is being streamed to/or on.
A copy of this announcement can be found on the Company's
website at www.hurricaneenergy.com.
-ends-
Contacts:
Hurricane Energy plc
Antony Maris, Chief Executive Officer +44 (0)1483 862
Philip Corbett, Head of Investor Relations 820
Evercore Partners International LLP
Financial Advisor +44 (0)20 7653
Project-HavenEvercore@Evercore.com 6000
Stifel Nicolaus Europe Limited
Nominated Adviser & Corporate Broker +44 (0)20 7710
Callum Stewart 7600
Investec Bank plc
Joint Corporate Broker +44 (0)20 7597
Chris Sim / Rahul Sharma 5970
Vigo Consulting
Public Relations
Patrick d'Ancona / Ben Simons +44 (0)20 7390
hurricane@vigoconsulting.com 0230
Lucid Issuer Services Limited
Information Agent
David Shilson / Sunjeeve Patel + 44 (0)20 7704
https://deals.lucid-is.com/hurricane 0880
About Hurricane
Hurricane was established to discover, appraise and develop
hydrocarbons associated with naturally fractured basement
reservoirs. The Company's acreage is concentrated on the Rona
Ridge, in the West of Shetland region of the UK Continental
Shelf.
The Lancaster field (100% owned by Hurricane) is the UK's first
producing basement field. Hurricane has pursued a phased
development of Lancaster, initially starting with an Early
Production System consisting of two wells tied-back to the Aoka
Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11
May 2019 and the first oil milestone was achieved on 4 June
2019.
In September 2018, Spirit Energy farmed-in to 50% of the Lincoln
and Warwick assets, committing to a phased work programme targeting
sanction of an initial stage of full field development.
Visit Hurricane's website at www.hurricaneenergy.com
Prior to publication, this announcement did not contain inside
information under Regulation (EU) 596/2014 on market abuse
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END
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