JKX's second-biggest shareholder seeks board shake-up

December 11, 2015 7:32 AM

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Dec 11 JKX Oil & Gas Plc's second largest shareholder, Proxima Capital Group Inc, said it sought a general meeting of the company to elect a new management.

Russia-based Proxima, which dropped its intention to make an offer for JKX in February, said it proposed to appoint Paul Ostling, a former COO of Ernst and Young, as chairman and Tom Reed as chief executive.

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