Based my calculations it is possible to get rid of the chairman if ALL small shareholders support it. We only require 5.36M shares from the top 20 shareholders minus the ex-directors.
I strongly encourage the ex-directors to initiate the process as a last-ditch effort.
Million shares % comment 1 Total shares 1379.7 2 Top 20 Share Holders 977 70.8% 3 small holders 77 5.6% 4 shareholders with over 100000 shares 1302 94.4% 5 shares not in top 20 402.7 29.2% Say we all do not like what has happened to the company and we are willing to support a spill motion 6 7 Yanbin 70 5.1% Resigned director 8 Nick 20.5 1.5% Resigned director 9 Nigel 20 1.4% Resigned director 10 Valentino Vescovi 36.44 2.6% Resigned director 11 12 Shares that do not favor chairman 549.64 39.8% 13 14 Votes that favor chairman's side 555 40% based on the last AGM 15 Unknown status from Top 20 275 20% 16 17 Deficit 5.36 0% Must come from top 20 shareholders minus the marked with Blue 18 ![]()
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