Angela List has lost her position as Chief Executive Officer of Adamus Resources Limited after a ruling by the Supreme Court of Western Australia confirmed some illegalities on her part.
The ruling delivered in December 2022, triggered an extraordinary general meeting of Adamus Resources shareholders and director of the Australian registered parent company, Adamus Resources Pty Limited, held on 3 February 2023, which formally removed List as CEO by a majority decision.
The court found that Angela List had tried to ‘expropriate’ her husband’s interest in the company and unlawfully replaced directors without proper procedure in both Ghana and Australia.
The court stressed that List’s actions were a clear violation of due process in both jurisdictions.
The parent company and shareholders deemed her actions to be against the best interests of the company, leading to her ousting as CEO.
Read full statement issued by the company on this matter, below:
Angela List Removed as Adamus Resources Limited CEO
The Supreme Court of Western Australia has made a final determination on the ownership and control of Adamus Resources Ltd., and confirmed the illegality of actions taken Ms Angela List, the former Chief Executive Officer.
As a result of the ruling, which was delivered in December 2022, an Extraordinary General Meeting of Adamus Resources shareholders and director of the Australian registered parent company, Adamus Resources Pty Limited, held on 3rd February 2023, formally removed Angela List as the CEO of Adamus Resources Ltd. By a majority decision.
The court, in its ruling had found that Ms List had tried to ‘expropriate’ her husband’s interest, and unlawfully attempted to remove the current director of the Adamus Resources Limited Australian registered parent company and replace him with her nominees without having any proper board meetings or following due process in both Ghana and Australia.
This followed her unlawful appointment of directors to the board of the Ghana subsidiary, again without following due process under Ghanaian law or with approval from the Australian parent company.