Ann: D&Ds proposed divestiture for Link acquisition consultation, page-65

After talking to Lawyers these past 5 days I am withdrawing legal action.
It got down to you guys in the end.
You shareholders, who voted yes the 98% cannot join in any class action as you have agreed to their proposal.
The 2 % who said no would only amount to a $22m class action which needed to be $200m.

I believed in this board, am a substantial shareholder and a long term holder.
Now I don't trust anybody. I probably am going to sell all my holdings and go in a different direction.

Some retail shareholders spoke to me after the meeting about Jack Tilburn who I was informed passed away some years back.
Last time I met Jack was at the Origin AGM he asked me to become his apprentice.
I was informed he lived at Dee why and taught kids metal work at a school at Cabramatta
Jack lived his life helping kids.
How this country has changed, shareholders will take what is offered.

Another Australian Company sold to a foreign entity. Soon it will be hard to find an Australian company !
This time at a discount to its value.
Government don't give a dam. ASIC will allow it through they probably scared of legal action.
I have read the experts opinion (Deloitte )and they valued Link at $4.33
Strange how they picked years the share price collapsed to determine the price.
The Thursday after the meeting the combined share price of Link and Pexa 42.8% was
$1,353,336,000 (Cap of PXA 42.8% )
$2,242,000,000 + (Cap of LNK )
= $3,595,336,000
/ 512,987,000 shares
= $7 a share
I asked the Chairman why shareholders were not paid any consideration for Pexa.
He considered a specie distribution but said Tax department would require a 80 - 100% distribution
So changed his mind.