Ann: Notice of General Meeting/Proxy Form, page-22

And to add as well, what is being proposed is a 4% dilution of the company, 2% going straight to JW. FEX isn’t buying the shares from the market, it’s a simple dilution.
Im happy to see management rewarded once they’ve brought something to the table that delivers for shareholders.
I don’t give a rats clacker about past performance in other companies, seen too many so called brilliant managers and chairpeoples deliver squat with brilliant resumes.

So, I’m not trying to change anyone’s mind, simply expressing my opinion as well. But the optics, communication and performance of FEX since JW has come on board has been very poor. And now let’s loan him 10 million shares during the cyclical low point of the yearly IO cycle. That’s great value for shareholders