Look at the distribution of size of AKE shareholdings as published in the current Annual Report.
138 shareholders control 80% of the shares. .... and many of these ‘big ones’ / suits are probably Yes men who may push votes by shares over the 75% level and think they will win the day... Bah!
This leaves something like 49,000 “small” / retail shareholders with only 20% of the shares,
BUT EACH ONE of those who choses to cast a vote at the SOA meeting counts as ONE shareholder as do each of the 138 ‘biggies‘.
Although most of the 49k small holders probably will not vote at meeting, if we can convince only a couple of percent to lodge a Proxy NO vote ..... the result is already clear in my mind.
From the voting intentions already disclosed here on HC, smaller holders are already well on the way to neutralising the likely 138 off yes votes of those big holders.
The board should be taking notice of sentiments coming from their ‘hoi polloi’ shareholders.
