E&P Financial Group Limited (ASX:EP1) Extraordinary General Meeting

E&P Financial Group Limited (ASX:EP1) has scheduled an Extraordinary General Meeting of Shareholders on Thursday, 24 October 2024. The meeting aims to consider and vote on several resolutions, including the removal of the company from the official list of the Australian Securities Exchange (ASX), a buy-back of shares, and the proposed issue of convertible notes and options to related parties.

Executive Commentary on Shareholder Resolutions

The proposed resolutions, including the delisting, buy-back, and issuance of convertible notes and options, are strategic initiatives aimed at providing the company with greater flexibility to pursue and execute value-enhancing opportunities and corporate transactions. The Board unanimously recommends that Shareholders vote in favor of the resolutions, and the Chairman intends to vote any undirected proxies held by him in favor of the resolutions.

Summary of E&P Financial Group's Announced Resolutions

E&P Financial Group Limited (ASX:EP1) has announced an Extraordinary General Meeting to vote on resolutions regarding the company's delisting, buy-back of shares, and proposed issue of convertible notes and options to related parties. The Board recommends voting in favor of the resolutions, emphasizing the strategic benefits and flexibility they aim to provide. The proposed delisting is intended to enable the pursuit of value-enhancing opportunities and corporate transactions. Shareholders are encouraged to participate in the meeting and vote on the resolutions as outlined in the Notice of Meeting.