JKX Oil urges investors to vote against Proxima proposals

January 4, 2016 7:28 AM

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Jan 4 JKX Oil & Gas Plc has urged shareholders to vote against a call by its second-largest shareholder, Proxima Capital Group Inc, to remove seven out of nine of the energy company's directors at a general meeting to be held on Jan 28.

JKX said it believed Proxima's proposals were an attempt to seize control of the London-listed company without making a bid for it at a fair premium.

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