Praemium’s shareholders to vote on directors’ removal
Praemium Limited’s shareholders have requested the company to hold a general meeting with regards to the two resolutions on changes to its management, following the termination of its chief executive in February.
In particular, the shareholders would vote on the removal of directors of the company, including Andrew Cartens, Peter Mahler, Robert John Edgley, and Greg Camm and any person appointed as a director of Praemium on and from 14 March.
The second resolution that the shareholders would vote on was to appoint Barry Steven Lewin, Stuart Mark Robertson, and Daniel Leon Lipshut as the new Praemium’s directors.
The request for the general meeting was submitted by Michael Bernard Ohanessian, Michael Bernard Ohanessian and Candice Ohanessian (M&C Ohanessian), National Nominees Limited in its capacity as nominee for Paradice Investment Management ATF Paradice Mirco Investment Fund, Australian Ethical Limited ATF the Australian Ethical Australian Shares Fund and Australian Ethical Limited ATF the Australian Ethical Emerging Companies Fund, and SupertcoPty.
In February, Praemium terminated its chief executive, Michael Ohanessian, saying that “a CEO with a different skillset would better serve the company’s leadership needs for the next phase of its growth and development”, but at the same time the board acknowledged his instrumental role in the company’s transformation to a profitable firm.
Praemium said Greg Camm would act as executive chairman until a new CEO was appointed.
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