FMS 0.43% $1.17 flinders mines limited

The ASX will now have to make the decision that the de-listing...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. xax
    62 Posts.
    lightbulb Created with Sketch. 187
    The ASX will now have to make the decision that the de-listing is by "special resolution" instead of "ordinary resolution" if not then they are going against the quite clear ASIC rules regarding "special" and "ordinary" resolutions.
    Ordinary resolutions


    • election/re-election of directors
    • appointment of an auditor
    • acceptance of reports at the general meeting
    • strategic or commercial decisions
    • increasing or reducing number of directors
    • passing a board limit resolution (for public companies).

    Special resolutions

    Special resolutions are needed for certain changes as defined in the Corporations Act. Decisions like changing a company's name, winding up the company, or changing the company's type will require a special resolution.

    https://asic.gov.au/for-business/changes-to-your-company/passing-a-company-resolution/
 
watchlist Created with Sketch. Add FMS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.