IOG
Shareholder Action
IOG shareholder campaign.
D-Listing
INDEPENDENT OIL AND GAS PLC NOW IN ADMINISTRATION
Teams Call Update Announcement.
Delisting and What it Means for IOG
The AIM market is a stock exchange. IOG was a listed security. The delisting of IOG, the security, is arguably involuntary because the company has entered administration.
KEY POINTS
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Delisting signals the removal of a stock from a stock exchange.
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It is either mandatory or voluntary.
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Delisting can also be a mechanism for taking the company private and out of the public eye.
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The consequences of delisting are serious, and companies would ordinarily work hard to avoid being delisted.
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In this case delisting is particularly serious because the company has entered administration and the application has been made to delist, meaning that the shares are unlikely to be traded again, and the shares will remain worthless.
KEY POINTS FOR YOU
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However, the action being taken on your behalf is to create an unprecedented recovery for you befitting the unprecedented string of events that have followed this company
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The pressure is unprecedented
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The argument is unprecedented
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The outcome, when achieved, will be unprecedented and will see shareholders receive some recovery where the law otherwise allows for none to be made
Volume of share holders adds to the campaign so your support is important.
Teams Call 'JSCS Signed Clients' (3rd December at 7pm)
The next Teams call has been confirmed will take place on 3rd December at 7pm. This will be an opportunity to listen to updates and ask any questions you may have. All people signed will receive an e-mail to attend on the day.
Action Required
We have seen a significant increase in registration through the website again this month. Below is the next step for signing up for representation.
Please can you complete the form and return by (2nd December) to guarantee being invited to the Teams call update 3rd December at 7pm.
Step 1
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You will need to e-mail (elli@jscs.org.uk) proof of shares and passport as identification.
Step 2
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A password will be emailed direct to you for our documents page.
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Click here for our website - in the menu bar click documents
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Download form, sign, e-mail back for representation (elli@jscs.org.uk)
Together We Stand – Divided We Fall
Some shareholders have stated that ‘what is the point in signing up and sending all the information back to Jane and her team, if one shareholder benefits then all shareholders will benefit’. Whilst that is true, we would not be where we are today without shareholders signing up. Quite simply the legal team need to be supported, if not, they cannot represent us. Yes in theory that could be just one shareholder but we all know the value of adding numbers, shares and pounds behind our case.
Those who have signed up just need to prove they are shareholders, prove you are who you say you are, a commitment to the cause (to be clear any financial requests will be just that a request there is no obligation to commit financially at this point) and to sign a Non Disclosure Agreement to ensure we can keep things confidential within the group.
Spread the word
In order for this group to keep growing and to build the pressure on IOG, we need to keep spreading the word and sharing articles. We also have a growing number of very knowledgeable and experienced people in this group who are sharing their thoughts and comments directly with our legal team. All information in these newsletters can be shared and we actively encourage this. Forward the email, post on social media - let’s keep the group growing.
Register for general updates:
If you haven’t already, register your details to receive general updates by clicking on the link below.
Once you have registered you will receive a welcome email with three attachments (a Letter of Authority, Core Terms, and a Non-Disclosure Agreement). If you wish to have access to sensitive information regarding this fight, receive invitations to conference calls, and be part of a private Whatsapp group, then all you need to do is return these forms and provide the relevant information.
Contact us
Are you a specialist in legal matters, marketing, copywriting, a gas or oil professional, analysist, social media expert or a journalist? If so, we want to hear from you.
All information regarding progression and direction can’t be updated in this newsletter due to legal reasons, but any general developments will be shared.
IOG shareholder campaign.
News Update 2-11-23
INDEPENDENT OIL AND GAS PLC NOW IN ADMINISTRATION
Teams Call Update
FSCS:
After hours spent drafting the detailed opening gambit for negotiation with the UK government, the proverbial shot has been fired across its bow.
Teams Call:
The next Teams call has been confirmed will take place on Sunday 12th November at 20:00. This will be an opportunity to listen to updates and ask any questions you may have.
Action Required
We have seen a significant increase in the number of shareholders registering on the webpage in the last 7 days. The number has increased the overall registration up by 50%.
Please can you complete these forms and return them to Jane, Elli and Stewart by Monday 6th November to guarantee you will be invited to the Teams call on Sunday 12th.
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You will need to e-mail proof of shares and passport along with the signed form
Together We Stand – Divided We Fall
Some shareholders have stated that ‘what is the point in signing up and sending all the information back to Jane and her team, if one shareholder benefits then all shareholders will benefit’. Whilst that is true, we would not be where we are today without shareholders signing up. Quite simply the legal team need to be supported, if not, they cannot represent us. Yes in theory that could be just one shareholder but we all know the value of adding numbers, shares and pounds behind our case.
Those who have signed up just need to prove they are shareholders, prove you are who you say you are, a commitment to the cause (to be clear any financial requests will be just that a request there is no obligation to commit financially at this point) and to sign a Non Disclosure Agreement to ensure we can keep things confidential within the group.
Spread the word
In order for this group to keep growing and to build the pressure on IOG, we need to keep spreading the word and sharing articles. We also have a growing number of very knowledgeable and experienced people in this group who are sharing their thoughts and comments directly with our legal team. All information in these newsletters can be shared and we actively encourage this. Forward the email, post on social media - let’s keep the group growing.
Register for general updates:
If you haven’t already, register your details to receive general updates by clicking on the link below.
Once you have registered you will receive a welcome email with three attachments (a Letter of Authority, Core Terms, and a Non-Disclosure Agreement). If you wish to have access to sensitive information regarding this fight, receive invitations to conference calls, and be part of a private Whatsapp group, then all you need to do is return these forms and provide the relevant information.
IOG shareholder campaign.
News Update 28-10-23
INDEPENDENT OIL AND GAS PLC NOW IN ADMINISTRATION
The IOG shareholder campaign has started. Are you onboard?
What's happening?
Ordinary people like you and me made the decision to invest in a UK gas company that had been referred to as the ‘jewel in the crown’. On 28th September IOG put itself into administration, and with one simple RNS shareholders investments were all but written off.
IOG RNS 28-9-23
"The Board are extremely disappointed to draw this unavoidable conclusion, having worked exhaustively to overcome the Company's financial circumstances. We have not found a viable solution that would provide a return to shareholders. We regret the impact this outcome will have on our many stakeholders. I want to thank everyone involved, especially the IOG team, for their efforts through this very challenging period."
In a joint effort initiated by shareholders on 28thSeptember, questions are being asked.
These questions are being posed to the right people; they aren’t always being answered but that doesn’t stop this campaign gaining momentum.
One month on, where are we?
· We have secured expert legal representation
· Financial backing has been secured
· We have it in writing that administrators are only acting for the creditors (as shareholders, we are not creditors)
The lawyers acting on our behalf have previously brought down a fraudulent unregulated bond, saving many UK investors from investing more money and trying to recover their initial investments. This is their specialist area.
The legal team are in discussions with an administrator who is ready to represent our group of shareholders.
A term that will crop up in this process is ‘weaponised insolvency’. This relates to an IP’s ability to seize and sell assets, often making secret deals with buyers looking to profit from a company’s financial distress, particularly where that distress has been engineered. This is something that is being explored by our legal team.
All-Party Parliamentary Group (APPG) has already been convened to deal with what has been coined ‘weaponised insolvency’.
Our lawyers have already briefed Members of Parliament on a previous (APPG) in preparation for a televised question time that led to the first ever vote of no confidence in the Financial Conduct Authority.
Shareholders are joining together in this campaign to get answers and to correct this wrongdoing. Did the board of directors ‘work exhaustively to overcome the Company's financial circumstances’? What was worked on to overcome the company’s financials? Why were the half year financials not released?
Register for general updates:
If you haven’t already, register your details to receive general updates.
Once you have registered you will receive a welcome email with three attachments (a Letter of Authority, Core Terms, and a Non-Disclosure Agreement). If you wish to have access to sensitive information regarding this fight, receive invitations to conference calls, and be part of a private Whatsapp group, then all you need to do is return these forms and provide the relevant information.
We currently have xxxx people who have registered representing xxxx shares, and xxxx people who have signed up and returned all the forms and information representing xxx shares. These numbers continue to grow daily.
What next?
In order for this group to keep growing and to build the pressure on IOG, we need to keep spreading the word and sharing articles. We also have a growing number of very knowledgeable and experienced people in this group who are sharing their thoughts and comments. All information in these newsletters can be shared and we actively encourage this. Forward the email, post on social media - let’s keep the group growing.
Contact us
Are you a specialist in legal matters, marketing, copywriting, a gas or oil professional, analysist, social media expert or a journalist? If so, we want to hear from you.
All information regarding progression and direction can’t be updated in this newsletter due to legal reasons, but any general developments will be shared.
If you have any information regarding IOG and its administration please contact.