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Posted On: 10/23/2018 8:32:00 PM
Post# of 30066
Re: investorxc #27236
MTSL was amending their articles of association to create a new preferred class of stock.
The MTSL articles provides as follows:
They failed to get a 75% quorum.
The MTSL articles provides as follows:
Quote:
Changing Rights Attached to Shares
According to our Articles of Association, in order to change the rights attached to any class of shares, unless otherwise provided by the terms of the class, such change must be adopted by a general meeting of the shareholders and by a separate general meeting of the holders of the affected class with a majority of 75% of the voting power participating in such meeting and voting on the matter.
They failed to get a 75% quorum.
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