If the remuneration report is voted down (>25% against) a second time they are required to hold a resolution on spilling the board (vacating all non-executive positions).
But it requires 50% approval (as opposed to 25% for the second strike) so is a difficult bar to cross. Likely outcome is they will cop a second strike but the spill motion will be rejected.
Although I suppose we'll see whether the remuneration changes they made (lowering LD's salary etc) have convinced some of the instos to back them.
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- Ann: Notice of Annual General Meeting / Voting Form
CTP
central petroleum limited
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3.57%
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5.8¢

Ann: Notice of Annual General Meeting / Voting Form, page-12
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Last
5.8¢ |
Change
0.002(3.57%) |
Mkt cap ! $43.22M |
Open | High | Low | Value | Volume |
5.7¢ | 5.8¢ | 5.5¢ | $4.64K | 83.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 203890 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 89870 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 203890 | 0.056 |
4 | 210033 | 0.055 |
2 | 435000 | 0.054 |
4 | 839880 | 0.053 |
5 | 614242 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 89870 | 1 |
0.059 | 142036 | 2 |
0.060 | 447084 | 5 |
0.061 | 50000 | 1 |
0.062 | 100000 | 1 |
Last trade - 15.58pm 07/08/2025 (20 minute delay) ? |
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CTP (ASX) Chart |