If I recall correctly a 249D was issued on Merlin in 2016.I...

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Cridz

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28/05/19

10:45

Post #: 38775822
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Originally posted by flaneur14: ↑

So just in case somebody is interested in going forward with the 249D notices to be served on the directors of MED,
the text of the notice has to be very carefully considered by a mind that is knowledgeable and experienced in these matters. I dont't think I am but just in case one of you readers is and is willing to step up to the plate, here follows the outline of the 249D notice.

CORPORATIONS ACT 2001 - SECT 249D Calling of general meeting bydirectors when requested by members
(1) The directorsof a company must call and arrange to hold a general meeting on therequest of members with at least 5% of the votes that may be cast atthe general meeting.
(2) The request must:
(a) be in writing; and
(b) state any resolution to be proposed at the meeting; and
(c) be signed by the members making the request; and
(d) be given to the company.
(3) Separate copies of a document setting out the request maybe used for signing by members if the wording of the request isidentical in each copy.
(4) The percentage of votes that members have is to be workedout as at the midnight before the request is given to the company. (5) The directorsmust call the meeting within 21 days after the request is given tothe company. The meeting is to be held not later than 2 months afterthe request is given to the company.

Does that mean that shareholders that hold together at least 5% of 3 110 183 883 MED shares (i.e. 155 509 195 shares) can organise / arrange such a "249D notice meeting". It should not be to difficult to find such a number of shareholders, eh?

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If I recall correctly a 249D was issued on Merlin in 2016.
I assume not much came of it as the same board in place, shareholder feelings may be a tad different now!

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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