Overview#
Mirriad Advertising plc, a company listed on the AIM market, has received a requisition notice from shareholder Omar Ahmad. This notice calls for a general meeting to vote on significant changes to the company’s board of directors.
Shareholder Details#
Omar Ahmad holds approximately 6.18% of Mirriad's ordinary shares, totaling 1,054,985,000 shares. His requisition is made under section 303 of the Companies Act 2006, which allows shareholders to request a meeting to discuss important company matters.
Proposed Changes#
The requisition notice includes six resolutions for the upcoming general meeting. These resolutions propose the removal of the current three directors and the appointment of three new directors to the board, indicating a desire for a shift in leadership.
Next Steps#
According to section 304 of the Companies Act 2006, Mirriad's board must convene the general meeting within 21 days of receiving the notice. The meeting is required to occur no later than 28 days after the notice date. The company is currently reviewing the requisition and will inform shareholders of its recommendations in the formal notice of the general meeting. The date, time, and location of the meeting will be announced soon. For now, the board has advised shareholders to refrain from taking any action.