It is going to be fascinating to watch this play out - a bit less so in the short term as I am a shareholder with stock down 14% on the news. Best to sort out the differences ASAP I guess but looks a lot like a hissy fit at this stage and no wonder share price dived. It will take some time to recover market confidence - ponderimg way ahead for now.
Company ASX announcement - Raiz Invest Limited (Raiz or the Company) announces that following the close of trading yesterday, the Company received a request from BBH-GL Nominees Pty Ltd (a company associated with Managing Director/CEO George Lucas), being a shareholder holding greater than 5% of the shares in the Company, for the Company to call a meeting of shareholders pursuant to s249D of the Corporations Act (Cth) 2001.