The EGM is the last of four options, which include the possibility of an exit offer from the company’s controlling shareholders or the company itself.
SMI Vantage has decided to hold an extraordinary general meeting (EGM) for the company to delist without making an exit offer.
According to the company in its Nov 1 statement, its board thought an EGM would be in the “best interests” of the company and its minority shareholders. It would also allow SMI Vantage to share its thought process on the matter in a transparent way.
