RED ROCK RESOURCES PLC (RRR)

RED ROCK RESOURCES PLC (RRR)

ShareSoc News

Test of “Proper Purpose” Company Law at Red Rock

PRESS RELEASE 42 (25/01/2013) Yesterday an initial hearing in the High Court took place on a challenge by the directors of Red Rock Resources Plc to a request for a copy of their share register by Gary Carp, a shareholder in the company. Since the 2006 Companies Act was introduced, any person requesting a copy of the share register of a company must have a “proper purpose”. This was designed to frustrate those who wanted to harass shareholders (such as animal rights ...
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