SMN 3.33% 58.0¢ structural monitoring systems plc

Which part of the UK 2006 ACT - section 168 means a major...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,230 Posts.
    lightbulb Created with Sketch. 306
    Which part of the UK 2006 ACT - section 168 means a major shareholder cant call a meeting???

    The United Kingdom’s Companies Act 2006 as amended (the ‘Companies Act’) enables shareholders
    of UK-registered companies to require the directors to call a general meeting and table specific
    resolutions thereat. Further, the Companies Act allows shareholders to compel a company to
    circulate a statement on their behalf. These are key tools for the activist investor.
    Requisitioning General Meetings
    Shareholders can require the directors of a company subject to the Companies Act to call a general
    meeting of its shareholders if they together represent at least 5 percent of the paid-up voting share
    capital of the company (excluding any voting rights attached to treasury shares). Such a request can
    be made at any time but must state the general nature of the business to be dealt with at such
    requisitioned meeting. It may also include the text of a resolution to be moved at the meeting, so
    long as it is not defamatory, frivolous or vexatious and so long as it would not be ineffective if passed
    (whether because of inconsistency with law or the constitutional documents of the company or
    otherwise).
    On such a requisition, the directors must call a meeting within 21 days, to be held no later than 28
    days after the meeting is called. If the requisition identified a resolution intended to be moved at the
    meeting, the directors must include notice of that resolution in the notice convening the meeting.
    If the directors fail to call a meeting when required, the shareholders who made the requisition, or
    any of them representing more than one-half of their total voting rights, may call the meeting
    themselves, at the expense of the company, and the expenses reimbursed by the company are to b
 
watchlist Created with Sketch. Add SMN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.