ASTI Says Fresh Attempt to Remove 5 Directors Is Invalid; Urges Shareholders to Attend FY2021 AGM on 31 August Instead
- Company's lawyers have advised that 4 shareholders seeking to hold an EGM on 22 August had breached Company's Constitution- ASTI accused the requisitioners of 'usurping the right, power and entitlement of its directors to scrutinize, attend and conduct the proposed EGM (assuming that it was otherwise properly called)'- ASTI intends to release its audited FY2021 results this Wednesday and hold AGM on 31 August, which will facilitate the progress of a Potential all-cash Exit Offer already proposed by a consortium- Company is also asking SIAS to hold a dialogue next week that will include all s...