May 24 (Reuters) - Praemium Ltd (PPS)
- Notes that former directors incurred expenditure of $972,372 in terminating ceo, & defending shareholder requisition which led to their removal
- "Ohanessian's dismissal was handled inappropriately and was not based on reasonable grounds"
- Reiterate its support for Ohanessian as reinstated chief executive officer
- "All expenses will be accounted for as one-off costs (below ebitda) in 2017 financial year"
- Refers to comprehensive review of events at which previous directors (Greg Camm, Robert Edgley, Andre Carstens and Peter Mahler) were removed from office
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