Forum Topics RZI RZI CEO / Founder vs Independent Chair and Directors
Duffshot38
3 years ago

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.

 

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