Rakon's 2025 shareholder meeting faces director dispute

Rakon has released its notice of meeting for the 2025 annual meeting of shareholders, which will be held on August 22, 2025.

Shareholders will be asked to consider and vote on the election and re-election of four directors.

Dr Mark Bregman, Dr Lisbeth Jacobs, and Mr Jon Raby, who were appointed as independent directors since the last annual meeting, will be standing for election.

The board recommends that shareholders vote in favour of their elections.

Dr Bregman has been selected as the independent chair.

However, non-independent director Brent Robinson and Jung Meng Tseng, who represents the interests of Siward Crystal Technology, have advised that they are no longer prepared to support the candidacies of Bregman, Jacobs, and Raby.

This could potentially result in a breach of NZX listing rules, as the company would be left with no independent directors.

Shareholders are encouraged to refer to the notice of meeting and explanatory notes for further information.