Extraordinary General Meeting 20 July 2012 (Cancelled)
On 12 June 2012, Crown Limited (on behalf of its subsidiary, Pennwin Pty Limited) announced that it has withdrawn the requisition for a general meeting of Echo Entertainment Group Limited shareholders. Accordingly the general meeting scheduled for 20 July 2012 has been cancelled
On 30 May 2012, Pennwin Pty Limited ACN 086 229 012 (a member with at least 5% of the votes that may be cast at a general meeting of Echo Entertainment) requested that the directors of Echo Entertainment Group Limited call and arrange to hold a general meeting under section 249D of the Corporations Act 2001 (Cth), and gave notice of its intention to move the following resolutions at that general meeting:
- to remove John Story as a director; and
- to appoint Jeffrey Gibb Kennett as a director.
On 31 May 2012, Echo Entertainment Group Limited announced that in response to the request for a general meeting by Pennwin Pty Limited, it has resolved to hold the general meeting on 20 July 2012.
The Board of Echo intends to unanimously recommend that shareholders vote against the resolution to remove John Story as a director and against the proposed appointment of Jeff Kennett as a director.