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Sports Direct tries again with Debenhams EGM demand

Thu, 21st Mar 2019 10:49

(Sharecast News) - Sports Direct's Mike Ashley has for the second time requisitioned a general meeting of Debenhams as his first effort was declared null and void. The sports retailer was told that its initial attempt on 7 March was invalid as the near-30% shareholding in Debenhams was being held through a third party nominee account.Sports Direct, which also owns the House of Fraser chain, has since transferred the stake to a direct holding and issued a second requisition to appoint Ashley to the board of the department store group and remove all of the current members of the board other than chief financial officer Rachel Osborne.With Debenhams in talks with lenders over a new £150m loan and also looking at larger refinancing and a Company Voluntary Arrangement that would involve the closure of stores and rent reductions at others, Ashley on 14 March Ashley offered an alternative £150m loan, with the proviso that he takes over as chief executive."Sports Direct would like the matter of Debenhams board appointments to be put to the vote of the Debenhams shareholders as soon as possible," the company said in its statement on Thursday.
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10 Apr 2014 16:49

Clarke Sells 16.18% Stake In African Eagle Resources To Shoreline Energy

LONDON (Alliance News) - African Eagle Resources PLC Thursday said Nick Clarke's Salkeld Investments Ltd sold a 16.8% stake in the company on the same day he acquired a 26.18% stake from three resigning non-executive directors to a company bossed by Kola Karim, who is set to join the board alongs

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9 Apr 2014 17:18

UPDATE: Clarke Takes Top Shareholder Status In African Eagle Resources

LONDON (Alliance News) - African Eagle Resources PLC Wednesday said Julian McIntyre has sold his entire 21.15% stake in the company to Nick Clarke's Salkeld Investments Ltd, and is also set to resign alongside fellow non-executive Directors Venkat Siva, Mark Thompson and Paul Colucci. Afric

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9 Apr 2014 14:08

Clarke Takes Top Shareholder Status In African Eagle Resources

LONDON (Alliance News) - African Eagle Resources PLC Wednesday said Julian McIntyre has sold his entire 21.15% stake in the company to Nick Clarke's Salkeld Investments Ltd, and is also set to resign alongside fellow non-executive directors Venkat Siva, Mark Thompson and Paul Colucci. Afric

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22 Jan 2014 13:48

REFILE-Tanzania seeks shares in uranium, nickel mines

* Foreign firms engaged in uranium, nickel mining * Raises gas reserves estimates by 4 trln cubic feet * Sees law to create sovereign wealth fund this year By Fumbuka Ng'wanakilala DAR ES SALAAM, Jan 22 (Reuters) - Tanzania is holding talks with foreign companies planning

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16 Sep 2013 14:43

Coburg Increases Stake In African Eagle To 12.3%

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24 Jun 2013 10:45

CEO to step down at African Eagle Resources

AIM-listed nickel exploration and development company African Eagle Resources has reported that Trevor Moss will step down both as Chief Executive Officer and from the board of the company and will leave the company, effective of June 28th. The board said that it did not intend to seek a permanen

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13 Jun 2013 10:58

STOCKS NEWS EUROPE-FTSE AIM index weakens, African Eagle dives

The FTSE AIM All Share index falls 0.9 percent, while the FTSE Small Cap index sheds 1.1 percent, and the midcaps are 1.4 percent weaker. African Eagle Resources is among the worst performers on the AIM index, with a 23.1 percent drop after the nickel explorer and developer issues full-year

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31 May 2013 11:02

African Eagle Resources updates on Tanzania joint-venture

AIM-listed nickel exploration and development company African Eagle Resources has noted an announcement issued by its joint venture partner mineral exploration company Rift Valley Resources stating that phase one of the Miyabi Gold Project in Tanzania has been completed. The completion of phase one

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4 Apr 2013 10:15

African Eagle discovers nickel, sacks Nomad

AIM-listed African Eagle has discovered unexpected visible nickel sulphide and platinum group elements (PGEs) underneath a known laterite deposit at its Dutwa Project in Tanzania. The explorer's re-examinations of previous drill intersections showed a shallow mineralised zone immediately below know

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2 Apr 2013 13:09

African Eagle Resources warns on tax review as CFO steps down

Shares in African Eagle Resources dropped on Tuesday after the company announced the departure of its Chief Financial Officer. David Newbold has left the board of directors, but will continue in the role of Chief Financial Officer for a transitional period of six months. The group said it expect

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22 Jan 2013 08:09

African Eagle unveils positive results from test of ores

African Eagle, the AIM-listed nickel exploration and development company, has unveiled positive results from a test conducted on its Wamangola and Ngasamo Ferruginous Siliceous and Transition ores. The company confirmed positive beneficiation results in the two ores following completion of a target

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19 Dec 2012 09:41

African Eagle cites JV partner's findings in Myabi Gold Project

Gold deposits have been found 15 metres below the surface of a drill hole in the Myabi Gold Project, according to a statement published by Rift Valley Resources and cited by its joint venture partner AIM-listed African Eagle Resources. Rift Valley's latest drilling update outlined the results from

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14 Dec 2012 13:50

African Eagle cites Rift Valley update on JV Miyabi Gold Project

AIM-listed African Eagle Resources has cited an announced posted by its Joint Venture partner Rift Valley Resources on the Australian Stock Exchange regarding the Myabi gold Project in Tanzania. Rift Valley Resources has announced that it has completed the second phase of drilling for the year endi

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29 Oct 2012 08:10

Monday broker round-up

African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs

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21 Sep 2012 10:29

Resources round-up: Diamondcorp, Empyrean, African Eagle

Shares in Texan oil firm Empyrean Energy moved to a 52-week high on the back of a production update for new wells completed recently on the group's Sugarloaf project. The group has nine wells on the go at the project and has a 3.0% working interest in each of them. The two biggest producers - Davila

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