Billabong International Limited
(ASX:BBG) says it’s received a request from Coastal Capital International to convene an extraordinary general meeting.
Billabong says it received a notice from Coastal Capital to consider various resolutions at a meeting.
The resolutions include amending the constitution for member approval of future debt or equity financing arrangements, the appointment of persons representing Coastal Capital to the board of the company, as well as the removal of the current directors of the company other than Gordon Merchant and Colette Paull.
Billabong says it is reviewing the notice.
The surf wear retailer also says it is still considering a competing proposal from the Centerbridge and Oaktree consortium for long-term financing.
Billabong booked a net loss of $863 million for fiscal 2013.
