AB1 abarta resources limited

Ann: Extension of Date for Annual General Meeting, page-5

  1. 4,563 Posts.
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    Guess they wanted shareholder approval for this cap raising and needed longer before the AGM. The AGM resolutions which are largely voting on the issue of shares and options is already a mile long, and will now be a bit longer!

    If the new AGM is held on July 16 then we wont need to the new notice of meeting until June 16 which is Sunday, so perhaps Friday 14th.

    Listed companies must give 28 days notice to vote on a resolution so I am guessing thats what this trading halt is about. Animoca were trying to cap raise in a way which required shareholders to vote at the May 31st AGM which was not within that 28day timeframe. Now that the AGM has been postponed and the required notice periods are in effect we should receive the green light from the ASX to resume trade.
    Last edited by DoubleDown!: 22/05/19
 
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