Southern Cross Media Group (ASX:SXL) received a notice from Sandon Capital acting on behalf of investors, which stated their intention to move a resolution at the next general meeting to remove any director appointed by the board between May 9 and the start of the general meeting, according to a Monday Australian bourse filing.
The notice was executed by the registered holders of more than 5% of Southern Cross' ordinary shares, One Fund Services, and One Managed Investment Funds.
The next general meeting is expected to be the firm's annual general meeting which will be held before Nov. 30. The firm noted that any director appointed to fill a casual vacancy is already required to stand for election at the annual general meeting.
It had earlier in May received notices from Sandon Capital stating that they intend to move resolutions at the next general meeting to remove Heith Mackay-Cruise, Ido Leffler, Carole Campbell, and Marina Go as directors.
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