I attended an extra long AGM almost 3 hours.
GOG request to ammend motion 8, where a party,wishing to make a take bid of GOG, is not able to partially or selectively buy shares, to a certain level whereby, they take over the running of GOG, But must make a complete and unconditional takeover of all shares.
Beach directors excercising their right for a poll on motion 8, to stand in its original form where a partial takeover may be made - i.e offer to buy only some of ones shares, this took some time, computershare rep, needing to make up and print voting forms.
after voting on ammendment to motion 8 defeated result being in beaches favour.
Motion 6 - no to non execs renumertaion from current levels to $200,000
or selective takeover, i.e make offer for complete shares of one shareholder and not others
As announced Jetan has 2 directors on board, Ray Shaw to run GOG in caretaker mode, until Jan 1, where he will be appointed Managing director.
A beach director on GOG's approval to be appointed
Good presentation by Ray Shaw.
All in all, back to business
For Those whom were interested they recieved a complimentary chrissy present, a selection of Sample oils in a vial, from Smegsy, Kiana, and
Cadenza - wow
GOG
great artesian oil & gas limited
I attended an extra long AGM almost 3 hours. GOG request to...
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