Please correct me if I'm wrong but I don't think a second strike means a spill of the board. It simply means we get to vote on whether the directors should stand for re-election, aka resolution 8.
When a ‘second strike’ occurs, the shareholders will vote at the same AGM to determine whether all the directors will need to stand for re-election. If this ‘spill’ resolution passes with 50 per cent or more of eligible votes cast, then a ‘spill meeting’ will take place within 90 days.
