it makes sense to combine the meetings - saves money and time.
But the issue for me is that the AGM was on 30 Oct, but the Scheme meetings will not be held until early Dec, and importantly the IE report not until mid Nov.
That meant that directors would get an earful from s/h at the AGM complaining about the t/o, and they would not have the benefit of the IE report to hang their hats on.
So for safety reasons they will go back into hiding.
Also ASIC has told them not to hold the meetings during the school holidays - that is important, as the voting only relates to those s/h who actually bother to vote. so the best time to get the vote passed, would have been to hold the meetings during the hols. a win for s/h.
offer is still way under value IMHO.
cheers
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