Ann: Quarterly Report - March 2015, page-7

Agree, wafti123. Chatchai Yenbamroong's 27 February 2015 board spill Notice referred to his proposal of … “Messrs David Whitby, Alan Stein, David Johnson and James Menzies as directors of Tap”.

About 1 month later, his end March letter said he was nominating “four highly qualified directors, three of whom are independent of NGP. These three directors have a proven track record ….
… In the next few weeks we will send you more information about the directors…”.

Why didn’t he just provide the information with the letter? It was the obvious time, and he’d had most of March, plus time before he lodged the 27 February Notice, to get it. They are his nominees.

Since he was saying TAP’s management had been poor and that it needed a better team, he knew he would have to tell shareholders about his nominees’ credentials. But, he didn’t provide the information then, and he still hasn’t.

It’s now over 2 months after his Notice. If he considers the proposed new directors are so important to Tap’s future, this doesn’t augur well for his planning or management skills that he won’t tell us all about them. Or is there (yet another) problem in his camp?

It’s annoying that precious shareholder funds are being spent while TAP has to deal with this unnecessary disruption.