At an extraordinary general meeting yesterday the UK's Biofuels Corporation made the following statement.
Further to the Company’s announcement of 26 June 2007, the Company today announces that at the extraordinary general meeting and annual general meeting of the Company held earlier today all resolutions put to the meetings, as set out in the notices of those meetings, both dated 26 June 2007, were duly passed by the requisite majority.
Cancellation of the Company’s trading facility on the AIM market of the London Stock Exchange
will therefore be effective from 07.00 (UK time) on 2 August 2007 and the Company will reregister as a private company with the name Earls Nook Limited.
Pursuant to the restructuring Sean Sutcliffe, Andy Leeser, Richard Nickels and Clare Spottiswoode have with immediate effect resigned as directors of the Company and Paul Elliott has been appointed as a director of the Company.
Something like this was on the cards after the company's announcement on 26 June and announcement of more funding in April. The advantage of becoming private is that the shareholders can take a longer term view of the future, but they'll need to be determined and optimistic.
Comments (6)
Hi,
Have there been any developments on Earls Nook Limited, or have there been any further publications on the restructuring? I am having a hard time finding related texts. I am looking into the biofuels industry in the uk at the moment and I am also interested in the development and prospects of this company. i.e. is going private going to be more advantages?
Thanks a lot for the blog,
Meron
Posted by Meron Mesfin | October 30, 2007 4:22 AM
Posted on October 30, 2007 04:22
I'm an italian shareholder of biofuels corp.
I decided not to sell my shares to Barclays and to bet as the they bet
Can I mantain my Earls Nook shares (I will so) or is there a squeeze out right for Barclays ?
Thank you, good bye
Andrea
Posted by Andrea | November 19, 2007 3:48 PM
Posted on November 19, 2007 15:48
I too have been searching for info. re: Biofuels Corp. This site is like an oasis in the desert. I bought 1000 shares, are they worth anything? Thanks.
Posted by Peter Citrine | January 31, 2008 8:10 PM
Posted on January 31, 2008 20:10
I had 2000 shares in Biofuels.
Since they delisted and became private as Earls Nook I have heard nothing.
Can anybody throw any light?
Posted by Peter Stephens | April 1, 2008 9:39 PM
Posted on April 1, 2008 21:39
i have shares in biofuels do you think they will re-list on the stock market
yours dave
Posted by dave gillard | June 11, 2008 1:13 PM
Posted on June 11, 2008 13:13
Dave, I have no idea. You'd better ask the directors, of the firms you hold stock in.
Posted by Simon Robinson
|
June 12, 2008 9:04 AM
Posted on June 12, 2008 09:04