Reabold Resources PLC (AIM:RBD) has further commented on the forthcoming general meeting, requisitioned by activist shareholders, to say that the company’s AIM nomad Strand Hanson is continuing a due diligence process in regards to the proposed board appointments.
“In the event that the resolutions in respect of the appointments of the proposed directors are passed and Strand Hanson has not completed the required due diligence to its satisfaction, Strand Hanson has informed Reabold that it expects that it would be required to resign from its role as the company's Nominated Adviser [Nomad] with immediate effect,” it said in a statement.
The meeting is due to take place on 10 January.