Native Mineral Resources Faces Shareholder Push to Remove Directors
MT Newswires Live
Jan 23
Native Mineral Resources (ASX:NMR) has received notice from eight shareholders holding 5.01% of voting rights, indicating their intention to propose resolutions to remove Non-Executive Chair James Walker and Director Philip Gardner at a potential general meeting, according to a Friday filing with the Australian bourse.
The company has not received an official request to call a general meeting, per the filing.
The company is reviewing the notice and will comply with legal and Australian Securities Exchange obligations, ensuring affected directors can make representations to shareholders, the filing added.
The company's shares fell 2% in recent Friday trade.
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