New World Resources Plc's shareholder State Street Nominees Ltd. has demanded a general meeting for shareholders to be called to vote on placing the company into liquidation and to appoint liquidators.

State Street Nominees holds about 632,752,105 ordinary shares of 0.04 European cent each in the company.

"The [New World Resources] directors will take appropriate action in due course," the company said in an Oct. 3 new release.