Not sure if it should have been typed as "Chairman's discretion" instead of "Proxy's discretion". Any decision made by SH on proxy form should either be "for" or "against" and if neither (leave blank) - then it should be for "Chairman's discretion". I take that "Proxy's discretion" as "Chairman's discretion".
If AL was in the Chair, then AL has the discretion to vote in his capacity as Chairman as what he deems fit for the best interest of the Company for those proxy forms left blank but appointed Chairman to vote. This will be over and on top of his own shareholdings.
XPE Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
