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Maximus shareholders back board

10th May 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – The shareholders of ASX-listed Maximus Resources have overwhelmingly voted in favour of maintaining the current board, following a failed spill attempt by shareholder Kesli Chemicals.

Maximus on Friday noted that a near record 32% of all issued shares were voted by proxy ahead of the shareholder meeting, with 91.5% of all voting cast against the board spill.

Kesli, which holds 6.66% in Maximus, in March issued the company with a notice, calling for the replacement of the three existing Maximus directors with three Kesli nominees.

Only 7.4% of the votes cast at the shareholder meeting on Friday were in favour of the Kesli proposal.

Edited by Creamer Media Reporter

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