LONDON (Alliance News) - Nyota Minerals PLC on Thursday said it has received a requisition from three shareholders to convene a meeting to remove two directors from its board, the third such request it has received.
Nyota said the new letter has been received from three shareholders, including Grant Stevens, who owns a 3.0% stake in the company, to remove Chief Executive Richard Chase and Executive Director Michael Langoulant.
It is the third such letter received seeking Chase and Langoulant's removal, following one last week from Fiske Nominees Ltd and another from Andrew Neal, its biggest shareholder with a 6.4% stake. Fiske Nominees holds a 6.3% stake.
Nyota said it was seeking advice on whether the requisition complies with Australian company law, given its dual listing in London and Australia, and will comment further once these advice has been received.
Nyota shares were up 4.0% to 0.091 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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