RE-POST, sorry folks; now with the Table...
Observations on 3 AGM resolutions:
Agree with your conclusions, BlackPeter. I’ve constructed this table below of the AGM votes, calculating what % of total TAP shareholders voted the same way as the negative votes of NGP/Mr Yenbamroong.
It’s clear (see Column 3) that only a few (3-5) million of TAP’s 243 million shares voted against the resolutions, along with NGP/Mr Yenbamroong. If he were to go ahead with a Board spill I would expect even less shareholders would vote his way given NGP/his behaviour, on so many fronts.
BTW, NGP/he obviously didn’t pay the US$27million Default Notice within the 60 days, so the Operator will be pursuing that.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
| 1 |
Resolution |
VotesFor |
Votes Against by ALL OTHERS holding 79.88% of TAP’s 243,288,234 shares |
Votes Against by NGP/Yenbamroong – 19.97% of TAP’s 243M shares |
Comment |
| 2 |
- Re-elect Doug Schwebel
|
94,559,887
|
3,167,133(ie. 1.3% of TAP shares on issue) |
48,580,575
|
NGP/Yenbamroong vote inconsistent with previous indications not to oppose Dr Schwebel.
Beware …
|
| 3 |
- Adopt Rem. Report
|
77,879,909
|
5,628,634
(ie. 2.3% of TAP shares on issue)
|
48,580,575
|
-
|
| 4 |
- Renew Proportional Takeover Provisions in Constitution
|
94,135,131
|
3,681,272
(ie. 1.5% of TAP shares on issue)
|
48,580,575
|
NGP/Yenbamroong voted down renewal of existing protection for smaller shareholders.
Beware …
|
