You will not only need 5% of the issued votes (safely say 10m)...

You will not only need 5% of the issued votes (safely say 10m) to call a legitimate EGM and secondly you will need to have all those votes be a signatory to a notice to the company for calling an EGM. Secondly you will need to state the purpose of the EGM and if it is too seek the removal of one or more Directors then you will need to be able to disclose alternatives.

There is quite some work to do before it could occur and that is just to call the EGM then there is the actual EGM and proposed resolutions and for that to succeed I would guess you would need to match the current Directors total holding before you had a chance of displacing them and putting your own preferred candidates in. See BAL as a good example of what happens and how muddy and bloody it can get.

Secondly because the EGM and intent to remove any existing Directors (i.e. Adrian or Michael and not Peter as he is an employee) is outside what is referred to as the two strike rule you will need to have at least 50% of the votes cast in favour of your proposed resolutions. This differs from what happens in the case of a 2nd strike in the two strike ruling.

The other option is to sit out most of the remainder of this calendar year and move for a 2nd strike at the AGM later in the year if that is your wish at the time.

Good luck if you chose to take this mission on and this tape will self destruct in 5 seconds...