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Skin Elements Limited ( (AU:SKN) ) just unveiled an announcement.
Skin Elements Limited has received a second shareholder requisition under section 249D of the Corporations Act from Sovereign Equities Pty Ltd and Equity Services Pty Ltd, which together hold 5.72% of the company’s shares and are seeking the removal of directors Roderick Anthony Nicholas and Joshua Gordon. The board is now required to convene a general meeting within 21 days of receiving the notice, to be held within two months, signalling an escalation in shareholder activism that could reshape the company’s governance and potentially influence its strategic direction in the competitive biotech and natural personal care sector.
More about Skin Elements Limited
Skin Elements Limited is an Australian-owned, ASX-listed biotechnology healthcare company focused on commercialising its proprietary anti-microbial SE Formula through natural and organic health care products. Its portfolio includes plant-based disinfectants, bio-stimulants, alcohol-free sanitisers, natural and organic sunscreens, therapeutic skincare, and cosmetic brands that are distributed globally.
Current Market Cap: A$15M
See more insights into SKN stock on TipRanks’ Stock Analysis page.