LONDON (Alliance News) - Nyota Minerals Ltd Thursday said Centamin PLC had requested a general meeting to consider removing Chief Executive Richard Chase, but said the notice didn't comply with rules governing such requests and therefore it has asked Centamin to re-submit it.
It didn't say why Centamin was requesting the removal of the CEO, but will update the market once its gets a request that meets the rules.
Centamin is the company's biggest shareholder with a 19.4% stake, according to the company's website.
Nyota shares were up 1.7% at 0.605 pence Thursday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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Centamin PLC (CEY)