No Board spill at Ambertech

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Ambertech Limited is one of three companies scheduled to hold a Board spill meeting under the two strikes rule in 2017. All four directors were re-elected at today's EGM, with strong support evident in the proxy votes disclosed to the ASX. Zeus Resources will hold its spill meeting on 8 February and all three non-executive directors are seeking re-election. Royalco Resources has yet to release its notice of meeting. With the timing of the off-market takeover offer from Fitzroy River Corporation, endorsed by the Board in late 2016, throwing an additional factor into the mix, the agenda for the EGM is also influenced by the earlier moves from two other substantial shareholders who have nominated candidates for election of directors.


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