Activist challenges Roc merger

Simon Marais of Allan Gray wants extraordinary meeting at Roc Oil to vote on Horizon Oil merger.

Activist fund manager Simon Marais of Allan Gray will call for an extraordinary shareholders meeting at Roc Oil to formally vote on Roc’s recently announced merger deal with Horizon Oil as criticism of the deal mounts.

Dr Marais, chief executive of Allan Gray, is the biggest single shareholder in Roc with a stake of 19.56 per cent, and believes the deal disenfranchises Roc shareholders because the rules do not require them, as bidders, to be asked to vote on it.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}

A text message with your verification code was just sent to {{user.DayPhone}}

We cannot send you a code via SMS to {{user.DayPhone}}

Hi {{ user.FirstName }}, please provide your mobile number.

{{ content.trialHeading.replace('{0}', user.FirstName) }}

We'll send you a text message with a verification code to start your free trial.

Log in

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
Mobile phone number is invalid.
How did you hear about us?
A selection is required.
You must accept the terms and conditions.

Already an InvestSMART member? Log in

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Resend code

OR

Change number

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

Your membership to InvestSMART Group recently failed to renew.


Please make sure your payment details are up to date to continue your membership.


Having trouble renewing?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

You've recently updated your payment details.

It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.


If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.


Still having trouble viewing content?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

{{ upgradeCTAText }}

{{ upgradeCTA }}

Updating information

Please wait ...

Trial

{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

{{ eventTime | date:'dd' }}{{ eventTime | date:'MMM' }}

{{ eventFunction.Name }}

{{ eventFunction.VenueName }}

{{ t.Name }}

{{ t.Cost === 0 ? "FREE" : "$" + t.Cost.toFixed(2) }}

{{ eventFunction.StartDate }}

Quantity *

Andrew Main - The Australian

More articles from Andrew Main - The Australian ›

Related Articles