Extraordinary General Meeting

An Extraordinary General Meeting - EGM - is a meeting called to discuss special business. This may involve voting on a proposed takeover or merger, a break up of the business into smaller parts or substantial change in the way the business is to be run.

An EGM may be called by the directors of the company or by shareholders holding at least 10% of the voting rights of the company's shares.

An EGM may be called to get shareholder approval for a Special Resolution. A Special Resolution needs approval from 75% of all the shareholders.

Don't confuse EGMs with their more common brothers AGMs.

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