TXO PLC (TXO)

[pitts77h]

Illegal AGM? From another site:

4 Nov'15 - 13:50 - 7807 of 7818

A shareholder has just received this from his nominee account provider:


TXO PLC - Important Information

The new name of the Company is Clean Tech Assets Plc.

Important Information & Other Key Dates:

The Name Change received shareholder approval at the recent Annual General Meeting and subsequently became effective on 27th October 2015.

The Board of Directors consider that the new name better reflects the current and future operations of the Company.

Should you wish to find more information about the Name Change, please visit the TXO website, hxxp://www.txoplc.co.uk/. The website will direct you to the new Clean Tech Assets Plc website, which the Company advise will be up and running shortly.

27th Oct may have been when they finally bothered to tell Companies House, but they took the website down on 22nd without informing anyone that an AGM had taken place or what the resolutions were and what the result was. The AGM was clearly not correctly called and all shareholders should demand of their nominee account providers first an explanation of why they were not properly informed of the AGM and when the Nominee account providers say we did not know, shareholders should demand that the Nominee account providers, as the shareholders on the register demand that all resolutions passed be declared void and that a properly constituted AGM be held so shareholders can exercise their rights to vote on the resolutions either in person or by proxy.

Sweet Karolina
19 Nov'15 - 17:08 - 7814 of 7818

I note - now it is finally on Companies House beta service (submitted to Companies House on 14 Nov ie nearly 1 month after the event) that the ILLEGAL AGM held on 20 Oct passed an ordinary resolution (50%+ required) to allot 3 Million new shares, ie yet another 60% of the company and then Special Resolutions (75%+ of votes needed to pass) to disapply pre-emption rights ie existing shareholders do not get a look in and a Special resolution on the name change.

No wonder the weeble wanted to keep all that as quiet as possible, there could easily have been enough angry ordinary shareholders to vote down his dastardly plans. That 60% could be issued for as little as £300k but only if the weeble can find anyone stupid enough to pay the nominal value of 10p a share for them. JP Jenkins has them at 40p indicated price which means nothing as there have been no trades.

I note Alpha Prospects is now on JP Jenkins, having lost its GXG listing and clearly failed to get any other RIE listing, at 3p indicated price with no trades.