16th Feb 2016 09:52
LONDON (Alliance News) - Entertainment production and distribution company DQ Entertainment PLC on Tuesday said it has received a notice to requisition a general meeting, proposing a resolution to remove two directors from its board.
DQ said the requisition from Platinum Consulting Group, Anil Chintapalli and Corporate Computer Services is seeking to remove Executive Director Rashida Adenwala and Non-Executive Director Srinivasa Sundar from the board with immediate effect.
Between them, the three parties requisitioning the meeting hold around 52% of the voting rights of the company.
DQ said it was seeking legal advice on the requisition and will make further announcements in due course.
Shares in DQ were down 11% to 1.55 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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