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27.5¢ genex power limited

News: GNX J-Power's $258 mln bid for Genex Power passes on proxy votes, Genex says, page-18

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156 Posts.

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16/07/24

15:18

Post #: 74777016
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Originally posted by jm3767: ↑

Lets see the actual numbers, but from what I was able to make out from what I saw onscreen (my eyes are not the best at small print) it looked like it came vary close (24.75%?) to the 25% that would have put the deal dead in the water.
It looks like the apathy of small retail shareholders more than likely contributed to the the vote outcome the way it is.

I dont know what needs or can be done to encourage retail shareholders to CAST A VOTE at these meetings as that is about one of the few an only times that they can really have a voice that is not swamped by the big end of town.
Maybe there needs to be easier (as in cheaper) access to the share registry so that small shareholders can organise campaigns to encourage people to vote.
A small shareholder (like me) does not have spare cash and deep pockets to fund waging such campaigns.

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The figures on the screen didn't include Skip, who voted online. So if they are voting for, then the motion is carried. Now just up to the court on Friday.

GNX Price at posting: 27.5¢ Sentiment: Hold Disclosure: Held
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