Rebel shareholders force MEC Resources to call spill meeting
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Energy investor MEC Resources has called a general meeting for shareholders to vote on the removal of the directors.
The troubled junior (ASX:MMR) told investors that it was “obliged” to call the meeting after it received a notice under section 249D of the Corporations Act from a group of shareholders that collectively controls 6.2 per cent of MEC’s shares.
“This meeting has not been instigated by the company,” chairman Goh Hock stressed in an announcement released on the ASX after market close on Wednesday.
Mr Hock also informed shareholders that MEC had received information confirming that former managing director David Breeze is again associated with the new meeting request.
MEC has previously accused Mr Breeze of being the instigator of the push to have the directors removed.
But Mr Breeze refuted the claim to Stockhead earlier this year.
Mr Breeze declined to comment on the matter, telling Stockhead that he has now launched a defamation suit against MEC.
Mr Hock said the board was “unanimous in recommending all shareholders to vote against all resolutions proposed in this notice”.