Stanmore Coal reports invalid notice under Section 249D of the Corporations Act
Published by Claire Cuddihy,
Assistant Editor
World Coal,
On 29 July 2019, the Board of Stanmore Coal Ltd announced that on 26 July 2019 the company had received a notice from Golden Investments (Australia) Pte Ltd (Golden Investments) under section 249D of the Corporations Act 2001 requesting the directors to convene an Extraordinary General Meeting of the members of the company.
Stanmore has subsequently established that the notice issued by Golden Investments is invalid. The company cannot legally act upon the invalid notice and therefore Stanmore is unable to convene a meeting of shareholders under section 249D in response to that notice of 26 July 2019. Stanmore has notified Golden Investments of the invalidity of its notice and invited Golden Investments to procure the issue of a valid section 249D notice.
Further information will be provided to shareholders in due course.
Read the article online at: https://www.worldcoal.com/coal/13082019/stanmore-coal-reports-invalid-notice-under-section-249d-of-the-corporations-act/
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