50% is a big number , page-2

Firsova

Given that a lot of shareholders do not bother to vote does Price need 50% of all shares or only a majority of those cast? If it is the latter and Schroders also support him I think he can get over the line to remove Boon if it has to come to that.

Another option is that Orbis' suggestion comes true, Price becomes chairman, Boon stays on and supports him and another Director or 2 resigns. That perhaps might be the best option as it would remove the need for an EGM and speed up reform.

If the Board decide to hold firm I assume both they and Price will have supporting statements sent out for the EGM. Given PPXs track record Boon will have to be mighty convincing to win over a lot of disgruntled shareholders.