Mighty Kingdom shareholders today voted against a resolution brought by the studio's former CEO Shane Yeend to oust its current board of directors.
"With less than 10% of shareholders voting for resolutions proposed by shareholder Mr. Yeend aimed at replacing the Board, this [Extraordinary General Meeting] signifies a commitment for stability and trust in the future direction of the company," the studio said.
"In total, less than 34% of total issued shares were voted in favour of the resolutions proposed by Mr. Yeend, of which half of this total were from Mr. Yeend and his related companies."
from GamesIndustry.biz Latest Articles Feed https://ift.tt/6tldGfP
//
Comments
Post a Comment