Reabold Resources PLC (AIM:RBD)'s management has defeated a resolution to replace them at a shareholder meeting for the second time.
None of the motions brought by the requisitioning shareholders, led by shareholder Kamran Sattar, to remove the board and replace them with four new directors was passed.
Jeremy Edelman, Reabold’s chairman, said: "Today's requisitioned general meeting result represents the resounding support for the existing board of directors by its shareholders.
"The results represent an even greater margin of votes against the requisitioning shareholders' resolutions than was the case at the last requisitioned general meeting in November 2022.
“The requisitioning shareholders, who own approximately 7.91% of the company's currently issued share capital, received average support for the proposed resolutions from shareholders representing approximately a further 5.77% of the company's issued share capital.”