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https://www.legislation.gov.uk/ukpga/2006/46/section/303

Companies Act 2006 Section303 - Calling Meetings.

I'm bringing this to the attention of posters, because requiring NCYT directors to call a general meeting might be Biosynex's next move when their holding rises above 5% voting rites.

I have seen this invoked by such a shareholder, who removed the CEO by making the case to other shareholders for a named replacement CEO at a general meeting.

"A request—
(a)must state the general nature of the business to be dealt with" - is the opportunity for Biosynex to make the case for whatever changes they envisage.

I won't go into conjecture here with what Bio might want in using this section 303 requirement.

My purpose is to make others aware of this avenue of possibility, above 5% holding voting rites.

source https://www.glasslewis.com/wp-content/uploads/2017/01/Guidelines_France.pdf
"These guidelines are intended to supplement Glass Lewis’ Continental Europe Policy Guidelines by highlighting the key policies that we apply specifically to companies listed in France and the relevant regulatory background to which French companies are subject, where they differ from Europe as a whole." - PAGE 18 REFERS for :
AUTHORITY TO REPURCHASE SHARES
French law limits the number of shares that may be repurchased to 10% of the company’s capital (or 5% in
the event that they will be used as consideration in a merger transaction). The authority to repurchase shares
cannot be granted for a period of time exceeding 18 months.79 In line with our Continental Europe Policy
Guidelines, unless a share buyback program may be used as a takeover defense (see “Anti-Takeover Devices,”
above), we will generally recommend voting for such proposals.
AUTHORITY TO CANCEL SHARES AND REDUCE CAPITAL
In conjunction with a share repurchase program, companies oftentimes proceed to subsequently cancel the
repurchased shares. General share cancellation cannot exceed 10% of a company’s outstanding stock within
any period of 24 months.80 As such, we generally recommend voting for such proposals.
ANTI-TAKEOVER DEVICES
In 2014, the French parliament passed law 2014-384 of 29 March 2014 (“loi Florange”), reversing the board
neutrality principle introduced into French law in 2006. Following implementation of the law, French boards
are able to take frustrating action during a takeover bid without seeking prior shareholder approval.
As a result, any authority to issue new shares or to repurchase and reissue shares can be used as a takeover defense
unless the company adopts an opt-out clause in its article of association, granting shareholders the right to
approve any anti-takeover measures, or qualifies the proposed authority to the effect that it cannot be used
as an anti-takeover device without further shareholder approval.81
We will generally recommend that shareholders vote against authorities to repurchase shares or to issue shares
or convertible debt instruments when they can be used as a takeover defense without shareholder approval.
We will not apply this policy to a company with a shareholder who controls more than 50% of its voting rights.
ISSUANCE OF SHARES/WARRANTS
French legislation allows companies to seek the authority to issue free warrants convertible into shares under
preferential terms to existing shareholders, in the event of a public takeover bid for their shares. Such authorities may not exceed 18 months.82
While the use of this type of authority is limited to instances when the bidder itself benefits from equivalent takeover defenses (under the reciprocity rule), our strong opposition to anti-takeover devices leads us
to recommend that shareholders vote against any proposal where the main purpose would be to prevent
hostile takeovers.

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