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Takeovers Panel Orders Emu NL to Rerun Shareholder Vote Amid Governance Failings

10:32am on Friday 11th of July, 2025 AEST Corporate Governance
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Takeovers Panel Orders Emu NL to Rerun Shareholder Vote Amid Governance Failings

10:32am on Friday 11th of July, 2025 AEST
Key Points
  • Panel found unacceptable circumstances in Emu NL's May 14 EGM
  • 17.6 million shares issued on EGM day distorted voting outcomes
  • Proxy forms biased against shareholder resolutions to remove directors
  • New meeting ordered with electronic voting and independent scrutineer
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