logo-loader

ADVFN is latest AIM firm in cross-hairs of activists

Last updated: 02:20 10 Mar 2015 AEDT, First published: 03:20 10 Mar 2015 AEDT

stock_market_350_54fdc8dfa90d3

An activist shareholder is expected to request that investor portal ADVFN (LON:AFN) sacks its entire board.

ADVFN, in a stock market statement, revealed it has received communication regarding a purported requisition for a general meeting in order to remove all directors and appoint a new board.

It was made by Sweet Sky Limited and Shellhouse Limited, which together own just over 22% of ADVFN’s shares.

The company said it believes the requisition is not valid; however, it added that it does anticipate receiving a valid requisition in due course.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

3 hours, 25 minutes ago