logo-loader

Corporate Housekeeping move for Falcon Media House

Published: 10:48 25 Aug 2017 BST

Internet media group Falcon Media House Digital PLC (LON:FAL) has bought for £8, and then cancelled, the Founder Share in the business which allowed its owner the right to appoint and remove directors from the business, providing a layer of protection that is now not required.

Chief Executive Gert Rieder tells us “Following on from the recent purchase of the Quiptel Group and the re-admission of the enlarged group to trading on the London Stock Exchange, the board and the founder have agreed that this protection mechanism is no longer required."

The move is described by Gert as essentially, a bit of 'corporate housekeeping or cleaning up'.

“As the group works hard to develop its operations it follows that the shareholder base will also develop and the board believes that the acquisition and subsequent cancellation of the Founder Share marks an important milestone in this process."

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

50 minutes ago