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Thanks mate... I now recall that First Strike policy.Thanks to...

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Daripper

2,619 Posts.

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24/11/23

12:29

Post #: 71088662
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Originally posted by Dom74: ↑

So Resolution 1 was not passed as a vote against of more than 25% is a first strike. A second strike at next year's AGM will result in the Board having to spill and need to hold an EGM for them to be re-elected. This leaves the door open now for the same antics to occur again by detractors. I don't support the remuneration, but this is the likely scenario regardless of what happens in the next 12 months.

Regardless how fantastic next year's remuneration looks in the eyes of shareholders, when you think that the T20 chinese hold 20%, only 6% more need to vote against and that's strike 2.

That being said, if an EGM is held, then the same thing will happen whereby yesterday's results will be reflected again assuming Board has achieved what we are all waiting on. MoU and ML. If not, then that's a different story.

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Thanks mate... I now recall that First Strike policy.

Thanks to the others who offered replies... much appreciated.

Last edited by Daripper: 24/11/23

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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