Another service provider has severed its ties with Oakbay Resources and Energy, which is owned by the controversial Gupta family. This comes after Oakbay said on Tuesday that Terbium Financial Services has given notice of the termination of their appointment as JSE transfer secretary. Transfer secretary is a company designated to transfer stock on behalf of a public company, and perform other services such as running annual meetings as inspector of elections, proxy voting, and special meetings of shareholders. Oakbay said Terbium’s termination of their services comes after their internal review and consultation within their management. “Oakbay Resources is in the process of identifying and appointing a new transfer secretary. The effective date of Terbium’s termination shall not be earlier than 31 July 2017 and shareholders will be advised… Next »
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