HGV 0.00% 4.9¢ hygrovest limited

Actually pretty much the opposite of what you said. The 2...

  1. 299 Posts.
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    Actually pretty much the opposite of what you said. The 2 directors are the ones trying to take over but they lost the case and the meeting being on the 29th is what the directors wanted as they say it is required by israeli law to ensure shareholders are able to vote. It doesnt involve MMJ and Gideon becoming a director wouldnt be good for anybody but him.

    "Life sciences company eSense-Lab Ltd (“eSense” or the “Company”) (ASX: ESE) is pleased to announce that proceedings commenced in Israel by two Directors of the Company on 11 February 2018, against the Company and remaining Directors, have been dismissed.

    As announced on 9 February 2018, the board of Directors (‘Board’) resolved at its meeting on 8 February 2018 to, amongst other things, appoint Mr Ilan Saad as Chairman of the Board (replacing Dr Brendan de Kauwe), to cancel the annual general meeting (‘AGM’) scheduled for 15 February 2018, and to convene the AGM together with the extraordinary general meeting (‘EGM’) requisitioned by certain security holders of the Company for 29 March 2018.

    On 11 February 2018, two Directors, Dr Brendan de Kauwe and Mr Quentin Megson, commenced proceedings in Israel against the Company and the remaining Directors, seeking a number of remedies including the cancellation of the resolution replacing Dr Brendan de Kauwe as Chairman, the cancellation of the AGM scheduled for 29 March 2018 and an order relating to the previously scheduled AGM.

    In an urgent Court hearing held in Lod, Israel on 12 February 2018, the Court rejected all of the motions brought by Dr de Kauwe and Mr Megson. In doing so, the Court found that the Board acted properly in passing the resolutions it passed on 8 February 2018, and ruled that the Company’s AGM and EGM are to be held on 29 March 2018 (with any further changes to the date of the meeting requiring Court approval). The Company remains committed to holding AGM and EGM on 29 March 2018. As per the Company’s announcement of 9 February 2018, the Notice of Meeting and voting instructions for these meetings will be provided to all securityholders, and to the ASX, in due course.
 
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