What are members’ rights to call a general meeting of members?
Under the Corporations Act 2001 (Cth) (Corporations Act), members of either a proprietary or public company have the ability to call a general meeting of a company if members with at least 5% of the votes that may be cast at the general meeting request it.
5% of NWE shareholders are needed to call a General Meeting.
At that GM I would suggest the following resolution
Suitable expert be engaged to produce a independent value report on NWE which would allow shareholders to make a informed decision.
At the moment we don't know what is behind the curtains and as a NWE shareholder I feel it is the obligation of the board to do right by shareholders.
A solicitor should be engaged to advocate on behalf of NWE shareholders. This solicitor could then register names and draft the general meeting proposal.
Unfortunately this is not something I have the capacity to do on my own dime.
This is not advice and this is in my opinion a excellent option to seek shareholder value.
NWE Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
