LONDON - DCI Advisors Ltd (AIM: DCI), a London-based investment firm, announced today that it will convene an extraordinary general meeting (EGM) following a requisition from one of its significant shareholders, Almitas Capital LLC. Almitas, which holds approximately 19.95% of the voting rights in DCI, submitted the requisition on December 3, 2024, in accordance with Article 15.2 of the Company's Articles of Association.
The board of directors at DCI confirmed the validity of the requisition notice after consultation with their legal advisors. The company stated that a notice of the meeting would be distributed to shareholders shortly and advised shareholders to take no action at this time.
The requisition from Almitas Capital marks a notable event for DCI Advisors, as it suggests a level of active engagement from a significant investor in the company's governance. The details of the requisition, including the specific resolutions to be proposed at the EGM, have not been disclosed.
The forthcoming EGM is an important occasion for all stakeholders involved, as it could potentially influence the company's strategic direction and governance. Shareholders of DCI Advisors will be awaiting the notice of the meeting to understand the implications of the requisition and the potential changes it may bring about.
The announcement of the EGM follows the procedures set by the company's governance framework and highlights the influence that major shareholders can exert in corporate decisions.
This development is based on a press release statement issued by DCI Advisors Ltd. The company has yet to provide further details on the agenda for the EGM or any recommendations for shareholder actions beyond the current advice to withhold any immediate decisions.
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