AVZ dismisses director’s Congo jail sentence ahead of proxy stoush
Proxy adviser ISS says a three-year jail sentence handed to AVZ director Graeme Johnston in the Congo for alleged forgery of a share register should preclude him from being re-elected to the lithium explorer’s board.
Around 21,000 retail shareholders have been trapped in suspended AVZ shares since May 2022 at a paper valuation of nearly $2.7 billion, as its board fights for control of potentially the world’s largest lithium deposit, Manono, in the Democratic Republic of Congo.
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