1st Nov 2019 17:26
(Alliance News) - Global Resources Investment Trust PLC said Friday it received an email requesting a meeting to vote on the removal of all members of the current board.
The email requisitioning the general meeting was from Align Research Ltd, which is majority owned by Richard Jennings.
As well as looking to remove the entire current board, the resolutions proposed by Align include the election of Jennings to the board alongside Martin Eales.
"The company will comply with its obligations under the Companies Act and, subject to establishing the validity of the requisition, will convene a general meeting," Global Resources said in a statement. "Shareholders will be advised about the meeting in due course."
Shares in Global Resources closed 5.4% lower at 4.40 pence in London on Friday.
By Ahren Lester; [email protected]
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