The board spill attempt leveled against Clever Communications has failed, with all four motions voted down.
Three Clever shareholders, Microequities Asset Management and the LJ Catelan and ML Catelan Superannuation funds, had called an EGM to vote on the replacement of two directors, including chairman David Williams.
But at the EGM, a majority of shareholders opposed the motion to remove Williams and Philip Powell, and on the election of replacement nominees Carlos Gil and Danny Herceg.
“The board thanks shareholders for their continued support and will continue to serve the best interests of all shareholders into the future,” company secretary Leigh Davis.
The Clever board had previously suggested that the proposals may be an attempt to stack the board with directors who would be amenable to selling the company to its rival, BigAir.