wba authority to sell tgr shares

Webster board's authority to deal in Tassal Shares ceases on 24 March 2010. It will be interesting to see if anything transpires in the next few days. Market price is very close to the $1.56 minimum price allowed by the resolution. Coincidental?

From the WBA notice of EGM.

"The resolution that is being put to members is subject to the following two conditions:

1. The authority to deal in Tassal shares without seeking further shareholder approval is provided for
a 12 month period only, commencing from the date of the Extraordinary General Meeting on
Tuesday 24 March 2009; and

2. The value at which the Tassal shares may be disposed at must not be below the present book
value per share, being $1.56 per share."