Resgen seeks to block largest shareholders from voting in board reshuffle

Dual-listed Resource Generation (Resgen) has approached the Australian government’s Takeovers Panel for orders to prevent its three largest shareholders Altius Investments Holdings, Noble Group and the Public Investment Corporation (PIC) from voting at a shareholder meeting requisitioned by Altius. This comes as Altius, parent company of Resgen shareholder Shinto Torii, last week refused to withdraw its 249D request for a shareholder meeting to consider the removal of current directors and the appointment of new directors.