[(1) The members of a traded company may request the company to include in the business to be dealt with at an annual general meeting any matter (other than a proposed resolution) which may properly be included in the business.
(2) A matter may properly be included in the business at an annual general meeting unless —
(a) it is defamatory of any person, or
(b) it is frivolous or vexatious.
(3) A company is required to include such a matter once it has received requests that it do so from—
(a) members representing at least 5% of the total voting
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