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Novogen 'gerrymander' divides ASX, ASIC and Ownership Matters
Joe AstonColumnistAnd now to the corporate gerrymander of the year, cancer treatment biotech Novogen. The Board shocked shareholders at the annual meeting in Sydney on November 16 by voting a whopping 160 million shares at the chairman's discretion, up from just 3.1 million at the 2015 AGM.
Remember that two new Novogen directors, Bryce Carmine and Ian Phillips, and a continuing director Steve Coffey, came within a whisker of being unseated that year, with votes for and against their election/re-election split evenly at the close of proxies.
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