1st Mar 2016 13:50
LONDON (Alliance News) - Nyota Minerals Ltd on Tuesday said it has received a requisition to convene a general meeting to vote on the removal of two executive directors from its board.
The request from Fiske Nominees Ltd, which owns a 6.3% stake in the company, is seeking the removal of Chief Executive Richard Chase and Executive Director Michael Langoulant.
Nyota said it was seeking legal advice on whether the notice complies with the Corporations Act 2001 and will provide more details once it has been advised on this issue.
Shares in Nyota were up 7.6% to 0.0888 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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