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LONDON - DCI Advisors Ltd announced Tuesday it has further postponed its Extraordinary General Meeting (EGM) to August 15, 2025, as lawyers need additional time to complete an investigation related to the meeting’s business.
The EGM was originally scheduled for February 28, 2025, following a requisition from Almitas Capital LLC proposing the appointment of Martin Adams as a company director. The meeting has been postponed multiple times as the company investigates matters that directors deemed would make proceeding with the EGM "undesirable."
According to the company statement, lawyers had expected to conclude their investigation in June after a final interview with Adams. However, the process has taken longer than anticipated, delaying DCI’s ability to issue advice to shareholders regarding the EGM.
The rescheduled meeting will take place at 12:30 p.m. at the offices of DCI’s company secretary, Orbitus, in Guernsey. The company confirmed that votes already submitted by proxy will remain valid for the August meeting.
DCI plans to make a further announcement ahead of the new EGM date, according to the press release statement.
The original EGM was called after Almitas Capital LLC requested the appointment of Adams to DCI’s board of directors in December 2024.
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