Ann: Annual General Meeting Results, page-20

Hi Rgupta

It is a little complex but works like this:

1. If a remuneration report at two AGMs in a row does not pass by more than 75% then this creates two strikes.

2. As the remuneration report passed with a vote of 66% this created the second strike requiring a vote on the motion to spill the Board.

3. The vote to spill the Board was defeated by a vote of more than 88% against there being a spill.

If you look at the total number of votes being a possible 1.8 billion odd the tiny number in favour of a spill we’re basically irrelevant.

This indicates quite clearly that the true investor shareholders never seriously considered voting to spill the Board and crash the share price.

Those who posted here in favour are either very misguided or led astray by the professional traders who were trying to crash the share price to buy back positions or shorts trying to maximise their profits.

I did notice the absence of “hard” questions as predicted by these individuals indicating they were lying or wanted to ask the questions but were not actually shareholders.

My opinion only DYOR

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