- PetroNeft has confirmed that has received a proposal from Natlata Partners to call an extraordinary general meeting to remove the executive directors and non-executive chairman.

The EGM is being sought to remove chairman David Golder, chief executive Dennis Francis, vice-president, general legal counsel David Sanders and chief financial officer Paul Dowling and appoint three new directors: Anthony Sacca, David Sturt and Maxim Korobov. The company is taking appropriate advice and further announcements will be made in due course.

At 3:35pm: [LON:PTR] Petroneft Resources PLC share price was 0p at 2.5p

Story provided by