Jadel
This is what has happened.
Chris Scott has forced MFS to hold an EGM under a section of the Corporations Law -(s249).
The law states:
"The law at present requires a minimum of 100 shareholders, or shareholders holding 5% of the total amount of issued shares, acting in unison to requisition an EGM."
So MFS has no choice.
But it looks like MFS is trying to say "hey lets have an EGM about changing the company name".
There will be a lot more happening at this EGM as Chris Scott has the numbers he needs in terms of shareholder support.
You can expect MFS to get a hammering from many angles at this meeting.
they have had all the control lately over decisions affecting us but its our turn now to get things moving in favor of shareholders.
By supporting Chris with your form authorising him to get his resolutions through, you are supporting your MFS shares going up rather than letting MFS continue to make decisions about our financial future.
MFS
mfs limited
