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Re: studythosestocks post# 398584

Tuesday, 01/17/2023 8:18:15 PM

Tuesday, January 17, 2023 8:18:15 PM

Post# of 428435
Also looks like this could be a show stopper for proposal 3. I'm sure Denner and legal team are familiar with such challenges.

Quote:

Proposal No 3 Under Section 160 of the Companies Act, at a general meeting of a public company, a motion for the appointment of two or more persons as directors of the Company by a single resolution must not be made unless a resolution that it should be so made has first been agreed to by the General Meeting without any vote being given against it (an “Authorizing Resolution”). The Company believes that an Authorizing Resolution is necessary for Proposal No. 3 to be validly presented and that if such an Authorizing Resolution is not passed, the Sarissa Nominees put forward in Proposal No. 3 cannot be validly elected.
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