New Hope Corporation Limited (ASX: NHC) announced today that its subsidiary, Krestlake Pty Limited, has served on Dart Energy Limited (DTE) a notice requiring DTE to convene a general meeting of shareholders to consider and, if thought fit, to approve the following resolutions: 1. that Stephen Bizzell be removed as a director of the Company, with immediate effect; 2. that Nicholas Davies be removed as a director of the Company, with immediate effect; 3. that Simon Poidevin be removed as a director of the Company, with immediate effect; 4. that, pursuant to rule 36 of the Company’s constitution, Robert Charles Neale, having consented to act as director, be appointed as a director of the Company; 5. that, pursuant to rule 36 of the Company’s constitution, Stephen Edward Lonie having consented to act as director, be appointed as a director of the Company; 6. that, pursuant to rule 36 of the Company’s constitution, Peter William Forbes, having consented to act as director, be appointed as a director of the Company; and 7. that, pursuant to rule 36 of the Company’s constitution, Lester Campbell Rathie, having consented to act as a director, be appointed as a director of the Company. Each of Robert Charles Neale, Stephen Edward Lonie, Peter William Forbes and Lester Campbell Rathie has consented to his nomination as a director of DTE. New Hope will not support the re-election of Mr Norman Stanley. A copy of the notice is attached. New Hope Corporations Limited will write to DTE shareholders calling on them to support the proposed changes to the DTE Board. A copy of that letter also is attached.
DTE Price at posting:
15.0¢ Sentiment: None Disclosure: Held