Emu NL (ASX:EMU) said the Australian government's takeovers panel has varied its final orders requiring the company to hold a new general meeting to re-vote on resolutions from its previous shareholder meeting in May, according to a Friday filing with the Australian bourse.

The Panel directed that all resolutions from the previous meeting, except the resolution to remove a director, be reconsidered.

The Panel changed its orders requiring Emu to submit a draft notice of meeting and proxy form to the Panel by Aug.4 and issue the final notice and proxy form, approved by the Panel, by Aug.13.

Shares of the company fell 9% at market close.