Receipt of Requisition Notice

RNS Number : 6702Q

Aura Energy Limited

22 October 2019

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

AURA ENERGY LIMITED

("AURA" OR THE "COMPANY")

RECEIPT OF REQUISITION NOTICE

The Company advises that in accordance with ASX Listing Rule 3.17A, Aura Energy Limited (ASX:AEE, AIM:AURA) (Company) has received a request pursuant to section 249D of the Corporations Act 2001 (Cth) (Corporations Act) from Pre-Emptive Trading Pty Ltd (Requisition Notice).

Pre-Emptive Trading Pty Ltd is a shareholder that holds 5.89% of the Company's current share capital.

The Requisition Notice requests that the Company convene a meeting of shareholders to consider, and if thought fit, pass the following resolutions:

1.   Resolution 1: Cancellation of Mr Peter Reeves 17.5m performance shares (November 2019)

2.   Resolution 2: Removal of Mr Peter Reeve - as Executive Director, Managing Director and Chairman of Aura Energy Ltd, effective immediately

3.   Resolution 3: Appointment of Mr John Bennett as a Non-Executive Director effective immediately.

The Company is seeking legal advice in relation to the Requisition Notice and will update the market in due course.

Aura Energy Limited Peter Reeve (Executive Chairman) SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Caroline Rowe WH Ireland Limited (Joint Broker) Adrian Hadden James Sinclair-Ford Yellow Jersey PR Limited Felicity Winkles Joe Burgess

Telephone: [phone] [e-mail] Telephone: [phone] Telephone: [phone] Telephone: [phone]

 

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