that's why I have been advocating the whole time . just...

First 101 Last

Share
Profile

Follow
JJ2009

124 Posts.

17

18/11/21

17:00

Post #: 57679907
Share

Originally posted by alpha100: ↑

Please see the below announcement from DNA which details exactly what I was referring to in my last post. It's all relatively straight forward - we'd just need the numbers to get to 5.0%!

27 May 2019
Notice of Requisition for EGM
The Board of Donaco International Limited (“the Company”) announces that it has received a
notice requisitioning a shareholder’s meeting under section 249D of the Corporations Act,
from shareholders holding at least 5% of the ordinary shares of the Company. A copy of the
notice is attached.
The notice was received from three shareholders:
(1) Spenceley Management Pty Ltd as trustee for Spenceley Family Trust;
(2) Spenceley Management Pty Ltd as trustee for Spenceley Family Superannuation; and
(3) Antonia Caroline Collopy.
The notice requests the Company to hold a general meeting to consider two resolutions:
(1) To remove Mr Joey Lim Keong Yew as a Director of the Company; and
(2) To remove Mr Benjamin Lim Keong Hoe as a Director of the Company.
Under section 249D of the Corporations Act, the Board must call and arrange to hold a general
meeting on the request of members with at least 5% of the votes that may be cast at the
general meeting. The Board must call the meeting within 21 days after the request is given,
and the meeting must be held not later than 2 months after the relevant notice has been
received.
The Board has received legal advice on this matter. The Board will arrange for an
extraordinary general meeting (EGM) proposing the resolutions to be held within the
timeframe prescribed by the Corporations Act. Once the meeting date has been set, the date
will be announced, and a notice of EGM will be prepared and dispatched to all shareholders.

Expand

that's why I have been advocating the whole time . just need 5% and I don't understand why big shareholders don't want to action ?

LVT Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX to rise on back of Trump Trade fever | 7 Nov 2024

Bitcoin jumps 8% to beat record on Trump vote optimism