Humm Group (ASX:HUM) urged its shareholders to vote against all resolutions proposed at a general meeting convened by Jeremy Michael Kersten Raper and Sandhurst Trustees, as custodian for Collins St Value Fund, seeking to remove three current directors of Humm and appoint two new directors, according to a Wednesday Australian bourse filing.

The meeting is scheduled for Feb. 19. The convenors seek to remove Andrew Abercrombie, Robert Hines, and Andrew Darbyshire and appoint Jeremy Raper and Garry Sladden in their place.

The firm said that replacing the current board would jeopardize its strategy and added that the "ill-conceived and simplistic" plan of the meeting convenors threatens the firm's capital strength, lender relationships, and growth prospects. It also alleged that the convenors made materially incorrect statements.

Its shares fell 1% in recent trading on Wednesday.