Billionaires defeated in bid to grab control of JKX Oil
The controversial Ukrainian and Russian billionaires attempting to oust the boss of JKX Oil and Gas were crushingly defeated by an army of small shareholders last night after a meeting in which one demanded they "get their tanks off our lawn".
Between them, the oligarchs held nearly 40 per cent of the shares. But nearly every other shareholder voted to back chief executive Paul Davies.
The result is particularly damaging for the reputations of Ukrainian duo Gennadiy Bogolyubov and Igor Kolomoisky, who also face claims pending in the High Court that they swindled another Ukrainian businessman, Victor Pinchuk, out of $2bn (£1.3bn) – which they deny. They already have a grip on the Ukrainian energy industry through their Privat bank which reportedly owns 42 per cent of the country's biggest player, Ukrnafta.
JKX's board claimed that they, and Alexander Zhukov, the father of Roman Abramovich's girlfriend Dasha Zhukova, were acting together in a backdoor grab for control of the business. They denied this, despite initially demanding to oust two directors and install three of their own placemen. They staged a failed assault at another London stock market company, Ferrexpo, in 2009. Francis Moll, a shareholder, told the packed AGM: "They tried similar tactics with Ferrexpo and eventually took their tanks off their lawn. I hope that is what they do here."
Board creates magnetic field to achieve lift
Follow the latest events from this Champions League fixture
Company reveals $542m investment in start-up building 'a rocket ship for the mind"
Singer says the track was 'force-fed down people's throats'
techThe original free dating app will remain the same, developers say
- 3 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 4 Former East 17 frontman Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
- 5 The inventor of the Facebook 'like' button says he never made a 'dislike' button because he feared the 'unfortunate consequences'
Ukraine crisis: Donetsk 'tactical missile' explosion at factory sends blast wave across rebel-held city
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Oscar de la Renta dead: Legendary US fashion designer dies after long cancer battle aged 82
Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
Super-sized ships arrive in Britain: How big can they get?
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
Lord Freud hangs on as MPs of all parties 'call for his head' over disability comments
iJobs Money & Business
£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...
£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...
£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...
£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...