agm 2013 vote pope, page-120

Once again Michael Pope is putting his hand up this year to try and get on the board of Nido to try and make some sense of this nonsense.
Michael has kindly forwarded me a copy of his statement which he has supplied for the notice of meeting. This letter should be released next week. Will be interesting if it is released as is written below,all things being fair and equal it should. Can't hurt to keep a copy of this one though now can it. As this letter was written by Michael he has approved of me sharing it with whoever I please.
Please, I urge all shareholders new and hold to support Michael in his endeavours which of course is to our benefit.


Mr Michael Pope, B. Eng (Mech. Hons.), B. Com (Corp. Finance Inv Finance), Grad Cert (Oil and Gas).





Mr Pope offers himself for election to the Board of Directors, he has broad experience in the upstream oil and gas industry, primarily in well design and construction. Throughout his career he has held positions with industry leading oil and gas operators, service providers and drilling contractors. Mr Pope is currently the Supervising Drilling Engineer for an Australian based LNG mega-project with a well construction budget of over a billion dollars.





Mr Pope has been a shareholder of the company since 2005 and as at the 15th March 2013 was the 19th largest shareholder of the company.





In contrast to the Chairman, who has stated that the share price performance has been a significant disappointment to the Board and Leadership team, Mr Pope believes that the performance of the Board and Leadership team has been the significant disappointment and that the market price of the company’s shares accurately reflects this performance.





The present Board and their predecessors have presided over erosion, dilution and destruction of millions of dollars of shareholder value, Mr Pope urges shareholders, including new shareholders who participated in recent placements to inform themselves of the track record of the Board and Leadership team and to vote to remove them and to vote against adoption of the Remuneration Report.





The current Board and Leadership team have demonstrated over several years an inability to set and achieve reasonable goals, they have a track record of over-promising and under delivering, this is borne out in the share price and recent placement at around 10 year lows.





If elected Mr Pope will waive fees as a director for the first year of service.