I think management, Meridian and Farjoy would want to avoid an EGM as Meridian and Farjoy only have ~30% of register versus a sizeable activist movement. I don't think Meridian and Farjoy would want to risk losing their positions on the board. Given that, I expect we'll see management put something on the table for STAM to consider first and then activists.
An Open Letter to the Board of FAR limited, page-50
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47.0¢ |
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Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82233 | 47.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 50000 | 1 |
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| FAR (ASX) Chart |