RE: Calamity8 Oct 2025 16:16
AI says:
10% of the voting share capital is required to formally request the directors to call a general meeting.
If the company is a private company and more than 12 months have passed since the last general meeting, the threshold drops to 5%.
This applies to shareholders who hold voting rights—not just any shares. Treasury shares (those held by the company itself) are excluded from the calculation.
Can Larger Shareholders Block It?
If the requesting shareholders meet the 10% threshold, the directors are legally obligated to call the meeting.
Larger shareholders cannot block the calling of the meeting itself.
However, they can influence the outcome of any resolutions proposed at the EGM, especially if they hold a majority of the voting rights.