PGL 0.00% 44.5¢ prospa group limited.

agm proxy voting, page-11

  1. 5,268 Posts.
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    Can anyone clarify if the statement below is correct, posted on 23 December?

    It states that anyone who does not vote is deemed to retain their shares in a rebirthed company.

    Is the statement referring to this weeks vote, or another vote further down the track?

    I've been away from the computer for a couple of weeks and have had no mail regarding this weeks vote (as i'm sure many other people haven't who bought in after a certain date).

    After reading through a few posts, it seems the deadline to vote was this morning. Does this mean that if the newcomers get in, i will have to keep my shares in newco?
    Had i been aware earlier, i'd have chosen option A.



    "The PSG proposes to offer Progen shareholders three
    options:
    A. Payout of $1.10/share cash in return for cancellation of their
    shares,
    B. Retention of their shares in a "re-birthed" company (NewCo)
    C. A combination of payout of a portion of their shareholding
    at $1.10/share and retention of the remainder as shares in the
    re-birthed company.
    According to the PSG, shareholders who do not elect any of
    the three options or do not return their election forms will be
    deemed to retain their shares per option 2."
 
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