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SimiGon Ltd

  • BY: Andrew Hore |
  • POSTED: 19/01/2020 |

A shareholder has filed two legal claims against simulation technology company SimiGon Ltd. 

DD Goldstein Real Estates acquired 1.5 million shares during 2019. That is just short of 3% of the company.

The first claim is a petition for leave to file a monetary claim relating to salaries paid by SimiGon. The second is for prerogative relief for AGM resolutions for the appointment of directors and the determination of their salaries.

SimiGon does not believe that there will be any financial penalty even if the claims were successful. Even so, the share price has fallen from 8.5p to 7.5p. 

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