China said:
"(Jake) A 249D only requires >5% of shareholders (plural) to force a call for an EGM, not a single SH"
As Docmin pointed out, I know the rules re S249D meetings.
Once a shareholder, OR shareholders, with 5% of the total number of Ordinary shares requisition a valid meeting under S249D, the company MUST call that meeting. It can be one shareholder or any number of shareholders who collectively hold 5% of the shares.
Please don't let facts get in the way of your story.
Ann: IonicRE Raises $5.5 Million in a Placement, page-101
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