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You only need 100 shareholders to call a board spill. I don't...

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15/04/22

15:07

Post #: 60872669
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Originally posted by coolcat1941: ↑

please correct me if i am wrong...but a SH or group of SH holding at least 10% of the shares of the shares in a Company can request the board to convene an EGM by sending a signed notice to the Company at its Registered Office. The EGM is utilised to deal with urgent matters that come up between Annual General Meetings. Upon the submission of a valid request, the board of directors of the company must call for the EGM within 3 weeks . In case the board fails to do so, the SH can themselves call the EGM within 3 months of depositing the request. The only issue in all this is the time

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You only need 100 shareholders to call a board spill. I don't know whether that would achieve anything given the current agreement.

RAP Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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