Keybridge Capital (ASX:KBC) received a notice from Australian Style Group, an entity controlled by former director Nicholas Bolton, seeking to call a shareholder meeting on June 27 to vote on a resolution to remove four of the company's directors, according to a Friday filing with the Australian bourse.
The company and major shareholder Wilson Asset Management, which together hold over 50% of shares, intend to vote against the resolution, the filing said.
The company raised procedural issues with the notice, citing insufficient shareholder notice, lack of registry notification to Automic Group, and absence of a telephone dial-in facility.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.