HDR hardman resources limited

december vote, page-5

  1. 482 Posts.
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    Acamas,

    My reading of the shareholder approval clause is that 2 requirements must be met:

    [1] Greater than 50% of the number of shareholders who attend the meeting or submit proxies have to approve the proposal.

    [2] Those shareholders must hold 75% of the shares voted.

    If this is the case then institutions could be rolled by small private investors despite possibly having 75% of the shares voted.
 
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