Board of Directors Stands Down
Source: www.gulfoilandgas.com 5/4/2021, Location: Middle East
Polarcus Limited refers to the appointment of the joint provisional liquidators to the Company (see: press release dated 9 February 2021), the appointment of each Director of the Company for a one year term running from the Company’s 2020 Annual General Meeting and the sanction of the Grand Court of the Cayman Islands to the transactions described in the Bondholder Summons among other matters.
Each Director has resigned their director position at the Company with immediate effect.
