JKX loses fight to bar investor

Suzie Neuwirth
ECLAIRS Group, the largest shareholder in London-listed JKX Oil and Gas, has won a court order at the eleventh hour to allow them to attend and vote at JKX’s annual meeting today.

Eclairs, controlled by Ukrainian billionaire Igor Kolomoisky, was banned from the meeting after urging shareholders to oust chief executive Paul Davies.

However, the ban was overturned yesterday after the High Court said there was a “serious question over JKX’s legal entitlement” to prevent the investors from attending.

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