Fenikso Limited - Notice of AGM
12/07/2024 07:00
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RNS Number : 0984W Fenikso Limited 12 July 2024
Fenikso Limited
Publication of Notice of 2024 Annual General Meeting
12 July 2024: Fenikso Limited (AQSE: FNK) (the "Company") announces that it
has published its Notice of the 2024 Annual General Meeting ("AGM"). The
Company's AGM will be held at 12:00 noon (BST) on 14 August 2024 at the
offices of White & Case LLP at 5 Old Broad Street, London, EC2N 1DW.
Further details on the arrangement for this year's AGM are set out in the
Notice of AGM.
As set out in the Notice of the 2024 Annual General Meeting, the Board of
Fenikso has approved the adoption of a revised strategy for the Company.
Following consultations with shareholders and other stakeholders, the Board
proposes that the Company be allowed to invest (primarily but not exclusively)
in special situations, including in the debt instruments and/or equity
securities of distressed companies (whether listed or unlisted). The Board
considers that this revised strategy provides the Company with significant
opportunities to realise gains for shareholders in managing these investments,
while tracking the working capital position of the Company as the loan to
Lekoil Nigeria is repaid. The revised strategy is not focused on any
particular industry or countries of operation. In addition, in connection with
the revised strategy, the Board proposes to introduce a new incentive plan for
directors and employees of, and consultants to, the Company. Under this new
incentive plan, the Board shall be authorised to make payments calculated by
reference to any profits generated by the Company from investments under the
revised strategy (and not by reference to any repayments of the loan to Lekoil
Nigeria).
Electronic copies of the Annual Report and Accounts and the Notice of the 2024
Annual General Meeting are available on the Company's
website: www.feniksoplc.com (http://www.feniksoplc.com) .
LEI: 213800T6JMZ84UEF5C40
For further information, please visit www.feniksoplc.com
(http://www.feniksoplc.com) or contact:
Fenikso Limited info@feniksoplc.com
Thomas Richardson, Chairman
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)
Brian Stockbridge +44 203 855 5551
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