Business
Shareholder Requisition Notice
Shareholder Requisition Notice.
About this update from Valirx Plc
[{"type":"text","content":"\n\n4 March 2024\nVALIRX PLC\n(\"ValiRx\" or the \"Company\")\nShareholder Requisition Notice\nValiRx plc (the \"Company\") (AIM: VAL), a life sciences company focusing on early-stage cancer therapeutics and women's health, announces that it has received a requisition from shareholders representing over 7% of the Company's voting rights to convene a General Meeting (\"GM\") of the Company (the \"Requisition\") under section 303 of the Companies Act 2006 (the \"Act\"). The Requisition requests for the following Ordinary Resolutions to be proposed at the General Meeting:\n \n1. That Martin Lampshire be removed from the board of directors of the Company with immediate effect.\n2. That Kevin Cox be removed from the board of directors of the Company with immediate effect.\n3. That Adrian De Courcey be appointed as a non-executive director of the Company with immediate effect.\n4. That Benjamin Snipe be appointed as a non-executive director of the Company with immediate effect.\n5. That Ray Horn be appointed as Board Observer of the Company with immediate effect.\n6. That, subject to the passing of resolution 2, a) an interim Chairperson be appointed to the Board of the Company; and b) Shard Capital, the Company's broker, be requested by the Board to provide at least one candidate for the permanent role of non-executive Chairperson by 31 May 2024; if at least one candidate is provided to the Board, the Board may decide to appoint to the role accordingly, but is not required to; otherwise the Board is to proceed with recruitment to the role using services of an external recruitment agency.\n7. That any person appointed as a director of the Company since the date of the requisition of the general meeting of the Company at which this resolution is proposed, and who is not one of the persons referred to in the resolutions numbered 3 and 4 above, be and is hereby removed as a director of the Company.\n \nA further announcement will be made by the Company relating to the calling of a General Meeting and a Notice of General Meeting and accompanying circular will posted to shareholders.\n \nPursuant to section 304 of the Companies Act 2006, the Company must post ...