The directors of Aurora Funds Management have requested a general meeting to move resolutions to appoint Primary Securities as a new responsible entity (RE) for HHY Fund.
If the resolution was passed, it would automatically remove the current RE Aurora FM, the firm said in the statement issued today to the Australian Securities Exchange (ASX).
The following members of HHY Fund hold at least five per cent of the votes that may be cast at a general meeting of HHY Fund:
- WAM Capital Limited
- WAM Active Limited
- Botanical Nominees as trustee for the Wilson Asset Management Equity Fund
The RE is required to call the requested general meeting within 21 days and hold the requested general meeting within two months of receiving this members’ request.
According to Sections 252B of the Act and 601FM of the Act, if the RE does not call a general meeting within this timeframe, the members will be entitled to call and arrange a general meeting at the expense of the RE.