British firm JKX Oil and Gas is seeking advice amid allegations that a shareholder was attempting a boardroom coup.
Directors at London listed JKX, which has onshore assets in Ukraine and Russia, claim to have received a request for all seven of them from the top table.
Eclairs Group Ltd, which holds 27.5 percent of the total voting shares, prposed last month that at the firm’s next AGM Mr Michael Bakunenko is appointed as a director.
However in a shareholders announcement JKX claim to have received a further request from Eclairs for ordinary resolutions to be proposed at the next Annual General Meeting to remove all seven of the current directors of the company
In a statement JKX said: “Read together, these requests appear to indicate that Eclairs’ aim is for Mr Bakunenko to be appointed as the sole director of the Company, a scenario which would leave the company in breach of both the Companies Act and its constitutional documents.
“The board is seeking advice as to what recommendations should be put to shareholders in response to these requests and will revert in due course. In the meantime, shareholders should take no further action.”