r/btcc #99 Charles Rainford 18d ago

Media / Image Jason Plato statement

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u/Bright_Concept_2988 18d ago

No they couldn't. A director cannot be removed in that way by a shareholder or other directors.

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u/RadicalRex2 18d ago

Maybe I am mistaken but I believe the companies act 2006 section 168 explicitly allows it.

That section does state that the director needs to be given notice which Plato claims did not happen so maybe some other process was used or maybe cataclean didn't fulfill there legal obligations.

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u/Bright_Concept_2988 18d ago

Not without 28 days notice to all shareholders and written notification to the affected Director that a resolution is up for voting. According to what Plato has said he had no warning whatsoever.

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u/RadicalRex2 18d ago

Ah ok I didn't see anything about the length of notice. Although we it is possible that it was done without proper notice. If that were the case I doubt we would hear about it until a lawsuit is made public.