Forrest to resign from Poseidon
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Poseidon Nickel (POS) is set to announce the resignation of chairman Andrew Forrest after placing its shares in trading halt.
In a statement to the Australian Securities Exchange, Poseidon said it expects its shares to stay in trading halt until the start of trade on October 1 or when the announcement about its chair's resignation and related board reorganisation is released.
Mr Forrest is also the chairman of Fortescue Metals Group (FMG).
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