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Tribune: AVZ transfers 24% of Dathcom shares to CATH. Have the pre-emption rights which give priority to other shareholders been respected? Has the approval of the shareholders' meeting been obtained?
According to AVZ's announcement on November 23 on the Australian Stock Exchange (AXS), AVZ owns 75% of Dathcom shares, still retains 51% after transferring 24% to CATH, and AVZ acquires 15% of Dathcom shares. held by Cominière, which ultimately enabled it to hold 66% of the shares.
AVZ's announcements are a contempt of the judgment of the DRC court, a contempt for the DRC government, an arrogance to other shareholders and a deception of the stock market and investors.
According to the court judgment, AVZ's contract for the transfer of 15% of Dathcom's shares with Dathomir was terminated on May 14, 2021, and the general manager of Dathcom, appointed by AVZ, was sentenced for falsifying certificates of shareholders and shareholder registers.
The transfer of 24% of the shares of Dathcom by AVZ to CATH was illegal, and did not comply with the provisions of the Joint-Venture Agreement concerning the right of first refusal which gives priority of purchase to the other shareholders. Moreover, it did not obtain the approval of the shareholders' meeting.
On November 7, 2022, Her Excellency the Minister of State, Minister of the Portfolio held a press conference and announced that the interests of the State defended through COMINIERE, that moreover AVZ has not undertaken anything on the ground since joining Dathcom Mine 6 years ago. Therefore, AVZ's acquisition of Dathcom's 15% stake from COMINIERE is a lie.
C/P Kambale Kakule Christian
Selon l’annonce d’AVZ à la date 23 novembre à la Bourse australienne (AXS), AVZ détient 75% des actions de Dathcom, conserve encore 51% après avoir transféré 24% à CATH, et AVZ acquiert 15% des actions de Dathcom détenues par Cominière, ce qui lui permet de détenir finalement 66% d’actions .
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