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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
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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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