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Noble rejects Goldilocks' nomination of 5 directors

Goldilocks hits back, saying Noble's position on the issue is "oppressive and coercive"

Published Mon, Apr 23, 2018 · 09:50 PM

Singapore

NOBLE Group has rejected substantial shareholder Goldilocks' attempt to nominate five non-executive directors at its upcoming annual general meeting (AGM) on April 30.

This was on the basis that Goldilocks, an Abu Dhabi-based investment fund, is not a member of the company - defined as being a duly registered holder of its shares - because it holds its shares through a depository agent, Noble said in a pre-market open local bourse filing on Monday.

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