Albion Calls AGM As Share Issues Dilute Two Major Holders Below Disclosure Threshold
Closing price · 2026-10-27: $0.055 · +10.00%
Albion Resources has called its annual meeting for November, with resolutions including a proposed 10% placement facility and a refresh of its employee securities plan. David Lee Palumbo ceased to be a substantial holder after dilution from share issues, while Steven Formica’s holding remained unchanged at 10.75 million shares but his voting power fell from 7.56% to 6.08% following dilution. The supplied AGM notice excerpt is truncated.