News blog

Plutus PowerGen

  • BY: Andrew Hore |
  • POSTED: 13/01/2020 |

Rebel shareholders failed to gain board seats at Plutus PowerGen. 

None of the three existing directors was removed. All the resolutions were lost by around 54% to 44% of the votes received.

JIM Nominees Ltd requisitioned the general meeting.

Management contracts with Rockpool Investments and Attune Energy for flexible generation sites have been terminated. This means that there is no further income from these deals.

Rockpool owes £610,000 according to Plutus. The board is not drawing salaries and other costs are being controlled.

Plutus still has a 44.5% interest in the six sites it managed for Rockpool. These may be sold, which would provide much needed cash for the company.

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 30 March 2020

Continue reading... | 29/03/2020

Aeorema Communications

Aeorema Communications is being hit be the postponement of events. 

Continue reading... | 29/03/2020

Walcom Group Ltd

Walcom Group is short of cash and the chief executive has been unable to provide the funds he intended to lend to the company. 

Continue reading... | 29/03/2020

Pebble Beach Systems

Broadcast software provider Pebble Beach Systems has delayed its 2019 figures due to COVID-19. 

Continue reading... | 29/03/2020

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds