Overview of Emu NL's recent decision

Emu NL (ASX: $EMU) has decided to withdraw Resolution 8, which pertains to the approval of consolidating the company's share capital, from its Annual General Meeting scheduled for Thursday, 30 November 2023. The Board made this decision based on feedback, deeming the corporate action not in the company's best interests at this time. The withdrawal of Resolution 8 will not impact the validity of the proxy form attached to the Notice of Annual General Meeting or any proxy votes already submitted for the remaining resolutions.

Board's rationale for withdrawal

The Board of Emu NL has chosen to withdraw Resolution 8 after careful consideration of the feedback received. It believes that the consolidation of the company's share capital may not be advantageous for Emu NL at this particular juncture. This decision reflects the Board's commitment to acting in the best interests of the company and its shareholders.

Summary of Emu NL's announcement

Emu NL (ASX: $EMU) has opted to withdraw Resolution 8, concerning the approval of consolidating the company's share capital, from its upcoming Annual General Meeting. The Board's decision to withdraw the resolution was based on the belief that this corporate action is not currently favorable for the company. Despite this withdrawal, the validity of the proxy form attached to the Notice of Annual General Meeting and any proxy votes already submitted for the remaining resolutions will remain unaffected. Emu NL continues to engage with its investors through an interactive investor hub, demonstrating its commitment to transparent communication and collaboration.