RAMcap moves on John Jones

found this on ramcap website:
RAMCAP MOVES TO OUST JOHN JONES AM

JULY 8, 2019
Troy Resources Limited (‘TRY’ made two Change of Director’s Interest Notice announcements last week under listing rule 3.19A.2 . These notices concerned the disposal on market of TRY shares in the prior week by related entities of John Jones AM . John Jones is a non executive TRY director.

We emailed the TRY company secretary last week to request a current copy of the TRY share trading policy for directors…as specified by ASX Listing Rules.The company secretary stated in reply that the subject share trading did not occur during a black-out period*.

RAMcap is not satisfied with the present TRY share trading policy. Accordingly, we have submitted to Troy Resources the requisition forms which have been provided to RAMcap by 173 TRY shareholders. These requisitions which comply with the provisions of Section 249D of the Corporations Act seek a meeting of the company be convened to remove John Jones as a director. Section 249D(5) requires that the TRY directors must call the meeting within 21 days after the request is given to the company.

Also, non executive TRY directors are presently entitled to aggregate annual remuneration of $800,000.00. The 173 requisition forms include a proposed resolution to reduce aggregate non executive director remuneration to an annual amount of $200,000.00.

*Guidance Note 27- Trading Policies
Generally, it would be considered best practice for the closed period ( black-out) to commence one or two weeks before close of books