Post by ErraticPhil on Mar 27, 2015 20:40:01 GMT
This message has gone out to RIG members on the email distribution lists this evening. If you are not on the distro lists, please ask to be added by emailing to rangeinvestorgroup@gmail.com.
Thanks,
Phil
==========
Dear RIG Member,
As you will be aware, Range Resources held its planned General Meeting in Australia earlier today. The resolutions for the Core financing and the Directors options were passed, as advised by this RNS:
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1318
The outcome, once funding as per Resolution 1 is received, dilutes exisiting shareholdings significantly but will enable the Lind debt to be paid off, provide financing for future operations and enable Range shares to resume trading in the very near future.
Voting turnout was similar to the AGM, and allowing for the known Abraham Ltd shareholding, on the face of it implies a low turnout amongst other shareholders, including RIG members. This gives us some concern as regards member engagement and voting system effectiveness. We would therefore be very interested to hear your feedback on the GM, particularly if you had problems with voting through your broker or if you deliberately chose not to participate.
The next Range Q&A session is scheduled to be published next Thursday. Please let us have any questions you'd like channelled through RIG on your behalf, by 2300 this coming Monday, 30th March, to rangeinvestorgroup@gmail.com. Here are the recent announcements from the company, to spark your enquiring mind:
Lind financing update (12th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1313
Half Yearly report (16th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1314
Trinidad operations update (19th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1316
Texas sale completion (24th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1317
As per previous communications, we have been seeking to update our membership records whilst the share has been in suspension. With this period now coming to an end, if you have not advised us of your current holding this year, please do so by return so we can ensure the RIG records are as up to date and accurate as possible.
Please let us know any other comments you may have, particularly on the future direction of RIG.
With best wishes for the weekend, whether you are at work or at play.
Kind regards,
The RIG Representatives
rangeinvestorgroup@gmail.com
www.rangeinvestorgroup.com
Thanks,
Phil
==========
Dear RIG Member,
As you will be aware, Range Resources held its planned General Meeting in Australia earlier today. The resolutions for the Core financing and the Directors options were passed, as advised by this RNS:
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1318
The outcome, once funding as per Resolution 1 is received, dilutes exisiting shareholdings significantly but will enable the Lind debt to be paid off, provide financing for future operations and enable Range shares to resume trading in the very near future.
Voting turnout was similar to the AGM, and allowing for the known Abraham Ltd shareholding, on the face of it implies a low turnout amongst other shareholders, including RIG members. This gives us some concern as regards member engagement and voting system effectiveness. We would therefore be very interested to hear your feedback on the GM, particularly if you had problems with voting through your broker or if you deliberately chose not to participate.
The next Range Q&A session is scheduled to be published next Thursday. Please let us have any questions you'd like channelled through RIG on your behalf, by 2300 this coming Monday, 30th March, to rangeinvestorgroup@gmail.com. Here are the recent announcements from the company, to spark your enquiring mind:
Lind financing update (12th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1313
Half Yearly report (16th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1314
Trinidad operations update (19th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1316
Texas sale completion (24th March):
www.rangeresources.co.uk/framework/documents/displaydocument.asp?doc=1317
As per previous communications, we have been seeking to update our membership records whilst the share has been in suspension. With this period now coming to an end, if you have not advised us of your current holding this year, please do so by return so we can ensure the RIG records are as up to date and accurate as possible.
Please let us know any other comments you may have, particularly on the future direction of RIG.
With best wishes for the weekend, whether you are at work or at play.
Kind regards,
The RIG Representatives
rangeinvestorgroup@gmail.com
www.rangeinvestorgroup.com