BDX Holdings of GSS Shares and receipt of Section 249D

Key points

• GSS questions BDX's 18.75M share acquisition claim
• GSS identifies Lawn Views as potential new shareholder
• GSS reviews BDX's Section 249D notice for board changes

Full summary

Genetic Signatures Limited (ASX: GSS) has requested BCAL Diagnostics Ltd (ASX: BDX) to clarify the details of its shareholdings and associates in GSS. BDX has served a section 249D notice on GSS calling for the removal of GSS's current Chair, Mike Aicher, and appointment of John Robert Melki and Susan Margaret Forrester as directors of the Company. GSS has reviewed its share register and found no increase in BDX's shareholding, instead identifying Lawn Views Pty Ltd as a new shareholder. GSS is considering the section 249D notice and will comply with its obligations under the Corporations Act if the notice is valid.

Outlook

GSS is assessing the implications of BDX's shareholding claims and Section 249D notice, and will act accordingly.