Anglo Australian Commenced Legal Action over Shareholding Irregularities

  • Dec 01, 2019 AEDT
  • Team Kalkine

Anglo Australian Resources NL (ASX: AAR) has announced that it has started proceedings in the WA Supreme Court over shareholding irregularities involving a substantial number of holders, which includes Anglo Australian Director Peter Stern, the company’s former adviser David Willis and a number of Mr Willis’ financial planning clients.

The company has commenced the action following an investigation prompted by Mr Braham’s requisition.

The action is taken on behalf of and in the interests of all shareholders in order to prevent a potential change of control of Anglo occurring at the General Meeting to be held on 20 December in breach of.

On 29 November 2019, the stock was traded flat and settled at $0.092 from the previous close.

 

 

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