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Troy claims victory in shareholder stoush

WHILE RAMcap’s attempts to remove Troy Resources director John Jones fizzled after lawyers determined that section 249D request was invalid, the company was still forced to hold a remuneration vote on yesterday, resulting in chairman Peter Stern claiming vindication from “overwhelming” shareholder support.

Haydn Black
Troy says the S249D notice sucked time and money away from its operations in Guyana.

Troy says the S249D notice sucked time and money away from its operations in Guyana.

Because RAMcap and its 176 allies held a 5% stake in Troy, the ASX-listed company was forced to spend thousands of dollars to consider reducing the maximum non-executive directors' fees from A$800,000...

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