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Takeovers Panel Directs Emu NL to Reconvene Meeting with Revised Orders

Story Highlights
  • Emu NL must hold a new meeting to reconsider previous resolutions, excluding a director’s removal.
  • The Panel’s orders require Emu to include Wayburn’s resolutions and issue meeting notices by set dates.
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Takeovers Panel Directs Emu NL to Reconvene Meeting with Revised Orders

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Emu NL ( (AU:EMU) ) has issued an announcement.

Emu NL is required by the Takeovers Panel to convene a new general meeting to reconsider resolutions from a previous meeting, excluding the removal of a director who has already resigned. The Panel has clarified and varied its orders to ensure all relevant resolutions, including those proposed by Wayburn Holdings, are included. Emu must provide draft and final notices of the meeting by specified dates, and include a members’ statement as per the Panel’s requirements.

More about Emu NL

Average Trading Volume: 132,341

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$4.44M

Find detailed analytics on EMU stock on TipRanks’ Stock Analysis page.

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