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2.9¢ kingwest resources limited

hey mate - appreciate these little snippets of gold....thanks...

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DonaldFrump

3,110 Posts.

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13/04/23

08:29

Post #: 67248224
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Originally posted by Undaunted: ↑

Also be mindful of the following (see p22 of the scheme book)

For the Share Scheme to be approved by Kingwest Shareholders, votes in favour of the Share Scheme must be received from:
a majority in number (more than 50%) of Kingwest Shareholderspresent and voting at the Share Scheme Meeting (in person, by proxy, by attorney or, in the case of corporate Kingwest Shareholder, by corporate representative); and
Kingwest Shareholders who together hold at least 75% of the total number of votes cast on the Share Scheme Resolution.

So importantly for the scheme to be approved, votes in favour of the scheme must also be received from more than 50% of the voting shareholders. Therefore, approval of the scheme is not just subject to more than 75% of shares cast in favour, so proxies received from small shareholders are equally as important.

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hey mate - appreciate these little snippets of gold....thanks for keeping us informed (yes, I could read the entire monolithic scheme myself I guess).

DF

As for some good new.......POS and POG below.....the march can't be stopped..
KWR Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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