SMN structural monitoring systems plc

Ann: Update on Proposed Requisition, page-6

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    A company may by ordinary resolution at a meeting remove a director before the expiration of his period of office, notwithstanding anything in any agreement between it and him.
    (2)Special notice is required of a resolution to remove a director under this section or to appoint somebody instead of a director so removed at the meeting at which he is removed.
    (3)A vacancy created by the removal of a director under this section, if not filled at the meeting at which he is removed, may be filled as a casual vacancy.

    The above is the legislation. I hope that the Board has made its decision based on legal advice otherwise expect a court case. Regardless it is likely that Drake will just correct the notice and we are back to square one so what has been achieved?
 
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Last
50.0¢
Change
0.010(2.04%)
Mkt cap ! $77.20M
Open High Low Value Volume
48.0¢ 52.0¢ 47.5¢ $213.1K 426.3K

Buyers (Bids)

No. Vol. Price($)
1 4000 50.0¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 11645 2
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