RE: False start last week9 Dec 2023 12:49
Seems like they only need two shareholders to meet the Quorum if they hold over 25% of shares. Levi holds just under 10million. Based on current shares currently in issue, which stands at 237million that means he holds roughly 4% of company. So tell me another share holder who could facilitate the other 21% required. 5g can not hold more than 23% at a time, and they have sold a lot so will be under a 21% holding. Next week however if Levi and one other small holder attends they are able to do what needs to be done as per stated in thursdays RNS.
You are all welcome.
Pursuant to the company's Articles of Association and as set out in the notice of General Meeting, a general meeting of shareholders is quorate if there are two or more shareholders present in person or by proxy and holding ordinary shares conferring in aggregate 25 per cent. or more of the voting power of the Company.
At the General Meeting, shareholders present in person or by proxy did not represent ordinary shares conferring 25 per cent. or more of the voting rights of the Company and therefore the meeting was not quorate.
As set out in the notice of General Meeting, if within half an hour from the time appointed for the General Meeting a quorum is not present, the General Meeting shall be adjourned to the same day in the next week, at the same time and place. Only those shareholders registered in the Company's register of shareholders as of close of business (UK time) on 30 November 2023 are entitled to attend and/or vote at the adjourned meeting. Two or more shareholders who attend the adjourned meeting in person or by proxy will constitute a quorum, regardless of the number ordinary shares they hold or represent.
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