KFE – Kogi Iron | Aussie Stock Forums

Some kind of attempted board spill going on at Kogi Iron.

The company announced on 11 May that it has received a Notice under section 249D of the Corporations Act from registered shareholders of at least 5% of the votes that may be cast at a general meeting, requesting that the directors of the company call and arrange to hold a general meeting of the company. The resolutions to be put to shareholders will be for the election of three new directors Mr Philip Ashley, Dr Malcolm Brandon and Mr John Maclean, and for the removal of Mr Don Carroll, Mr Michael Tilley and Mr Martin Wood.

There is no further information at this time but the KFE share price has been heading north since the announcement, leading me to conclude that the market thinks a board spill would be in the best interests of shareholders.

Will be interesting to see how all this plays out.


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