24 June 2010
Cadogan Petroleum (LSE: CAD LN) said yesterday in a statement that its board’s understanding was that Shon Invest SA, which purchased a 29.12% stake in the company from Weiss Asset Management, was a strategic investor that shared its preferred strategy for development in Ukraine. At the same time, Cadogan noted several resolutions due to be considered at the company’s AGM on June 30 proposed by Weiss would be withdrawn from the agenda.