Crystal Amber has turned its attention to another of its investments, seeking to remove six directors from the board of Hurricane Energy, three weeks following its failure to oust the De La Rue chair.
The investment trust revealed this morning it had sent Hurricane Energy's board a requisition notice to convene a general meeting to remove six directors and appoint two new ones. Crystal Amber is seeking the removal of: Antony Maris, Richard Chaffe, Philip Wolfe, David Craik, John Wright and Juan Morera. Crystal Amber accuses De La Rue of defamation over market manipulation claims In place, the trust aims to appoint founder and CEO of Albion Energy Tony Buckingham and its managing director Franco Castelli. The move follows an unsolicited offer made for Hurricane Energy on 2 Nov...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
