Polartechnics EGM nixes Opara resolutions

By Ruth Beran
Monday, 15 August, 2005

An extraordinary general meeting of Polartechnics (ASX:PLT) shareholders, requisitioned by the company's former interim chairman Richard Opara, has voted against each of the resolutions he put forward.

In June, Opara served a requisition on Polartechnics to convene an EGM, proposing that Polartechnics CEO Victor Skladnev and Robert Hunter be removed as directors and Opara and Leonard Firestone be appointed instead.

All four of Opara's resolutions were rejected in a show of hands and proxies, 34 million votes to 13 million votes.

Polartechnics received a letter from Opara on August 8 proposing to postpone the EGM but the company received legal advice to the effect that the EGM could not be postponed.

Related News

Free meningococcal B vaccines coming to the NT

The Northern Territory Government has confirmed the rollout of a free meningococcal B vaccine...

Mouth bacteria linked to increased head and neck cancer risk

More than a dozen bacterial species that live in people's mouths have been linked to a...

Life expectancy gains are slowing, study finds

Life expectancy at birth in the world's longest-living populations has increased by an...


  • All content Copyright © 2024 Westwick-Farrow Pty Ltd