Please see the link below for the full article. It discusses
possible new rules governing the operation of AGMs and EGMs. This
obviously is relevant to the SmartLogik shareholders, because we were
denied the right to an EGM that resulted in our valuable core assets
being sold off without shareholder approval and at an extremely low price.

http://slk-action-group.com/blog/archives/01-01-2006_01-31-2006.html#419


The first few paragraphs are quoted below:

The UK's Law Society has expressed concerns over new EU proposals that
would require listed companies to issue the notice for any general
meeting at least 30 days in advance.

The European Commission last Tuesday presented a proposal for a
Directive to facilitate the cross-border exercise of shareholders'
rights in listed companies, through the introduction of minimum standards.

The proposed Directive seeks to ensure that shareholders, no matter
where in the EU they reside, have timely access to complete
information and simple means to exercise certain rights – notably
voting rights – at a distance.

Internal Market and Services Commissioner Charlie McCreevy explained that:

"Shareholders need to be able to get relevant information on time and
vote without encountering unnecessary obstacles, wherever they are in
the EU. Otherwise they can't exercise their influence properly and
make sure that management is acting in their best interests. Our
proposals will introduce a range of key minimum standards to make this
happen – using modern, reliable technology. All this will help to
strengthen the role of shareholders and spread EU investing."