RE: PPP5 Oct 2025 09:37
ASI - as usual you are wrong. When shareholders calling for an EGM it has to be done through the directors. Despite all the necessary criteria having been met Lunn has refused to put this request in to effect hence the court case. I give below an extract from Companies Act 2006. The key point is " the directors are required to call a general meeting"
(2)The directors are required to call a general meeting once the company has received requests to do so from—
(a)members representing at least the required percentage of such of the paid-up capital of the company as carries the right of voting at general meetings of the company (excluding any paid-up capital held as treasury shares); or
(b)in the case of a company not having a share capital, members who represent at least the required percentage of the total voting rights of all the members having a right to vote at general meetings.
(3)The required percentage is 10% unless, in the case of a private company, more than twelve months has elapsed since the end of the last general meeting—
(a)called in pursuance of a requirement under this section, or
(b)in relation to which any members of the company had (by virtue of an enactment, the company’s articles or otherwise) rights with respect to the circulation of a resolution no less extensive than they would have had if the meeting had been so called at their request,
in which case the required percentage is 5%.