4DS 2.17% 9.4¢ 4ds memory limited

Ann: Letter to Shareholders, Notice of AGM & Proxy Form, page-70

  1. 1,056 Posts.
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    He is not asking for extra shares.

    I think what this is, is yet another measure to prevent a hostile takeover.

    The ability to add 25% of shares on issue at the drop of a hat means that along with the 25% held by the top 20, the board can effectively prevent someone trying to low ball on market.


 
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