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Cyclone Metals Limited (ASX:CLE)

ALERT: Price-sensitive ASX Announcement for CLE
Current share price for CLE : $0.049 -0.016 (-24.62%)+
Announcement
Release
26 Aug 2025 8:42AM
Price at Release
$0.065
Full Release
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Summary
Cyclone Metals Limited (CLE) has announced the receipt of two separate notices under Section 249D of the Corporations Act 2001 from groups of shareholders collectively holding at least 5% of the votes in the company. The notices requisition the directors to call and arrange meetings to consider resolutions to remove certain existing directors and appoint new directors to the board. CLE’s board is currently reviewing the validity of the notices and will update the market accordingly. The company emphasized its commitment to safeguarding shareholder interests and noted that it will continue to keep shareholders informed of any further developments regarding the Section 249D notices.
Key Points
  • Cyclone Metals Limited received two separate Section 249D notices from groups of shareholders.
  • The notices request the removal of existing directors and the appointment of new directors.
  • Shareholders submitting the notices collectively hold at least 5% of CLE's voting shares.
  • The board is assessing the validity of the received notices.
  • CLE will keep the market and shareholders updated regarding the situation.
  • The company reaffirms its commitment to acting in the best interests of all shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.