Extract from todays AFR" Karoon Energy chairman Peter Botten has made a final plea to shareholders to back management and the board at its annual general meeting next week, where the oil and gas producer faces intense pressure from activist investors.
Mr Botten’s note to shareholders on Wednesday urged them to ignore the activist consortium led by Samuel Terry Asset Management which intends to vote against five of the nine resolutions up for vote at Karoon’s AGM on May 23. "
In my opinion I thought the boards letter was woeful ( same historicial views ) and I will be definetly back the Samuel Terry Asset Management resolutions but thats my thoughts.
The Board needs to be taught a lesson as far as I am concerned so that all shareholders benefit. Hopefully my votes will count.
Your opportunity to get change is here.
Thats my opinion
DYOR
Ann: Letter to Shareholders, page-54
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