Sequoia Financial Group Ltd. (AU:SEQ) has released an update.
Sequoia Financial Group Ltd. faced a power struggle as a group of shareholders, including Mr. Anthony Jones and Glennon Capital, attempted to restructure the board by removing and appointing directors. Despite acquiring a significant portion of Sequoia’s shares to influence the outcome, the proposed resolutions at the general meeting on 5 June 2024 failed. Subsequently, Anthony Jones’s group and Glennon Capital disclosed a cessation of their association and respective voting powers.
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