I may be a bit late with this hypothetical, but what if -
1) Resolution 1 is passed and Brent Jones becomes a Director; and
2) Resolution 2 is passed and Peter Brook becomes a Director; and
3) Resolution 3 is passed and Garry Crole is removed as a Director; and
4) Resolution 4 is defeated and Kevin Pattison is retained as Director (he was, after all, re-elected in November 2023 with 99.98% of the 62.6m shares voted at the AGM).
The Board would then comprise Sweeney (as Chairman); Pattison; Jones and Brook - a four-person Board (50% incumbents/50% newbies).
Then, does the SEQ Constitution grant the Chairman an additional vote to break any Board vote tie? If not, then nothing can change unless there is a 3/1 or 4/0 vote.
And this Board composition would leave Crole retained as CEO but without a Board vote.
Not sure what is worse? (a) a Jones + Brook majority over Sweeney if all 4 resolutions are passed and the Board reduces to 3 Directors; or (b) a 2/2 split of Jones + Brook v Pattison + Sweeney. That would certainly test Sweeney's independence!
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I may be a bit late with this hypothetical, but what if -1)...
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Last
33.8¢ |
Change
0.003(0.75%) |
Mkt cap ! $41.71M |
Open | High | Low | Value | Volume |
33.5¢ | 34.0¢ | 33.0¢ | $138.5K | 410.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4379 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 66306 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3079 | 0.325 |
2 | 17850 | 0.320 |
1 | 1800 | 0.305 |
1 | 3336 | 0.300 |
1 | 3448 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 66306 | 2 |
0.345 | 64000 | 2 |
0.360 | 25000 | 1 |
0.370 | 18374 | 1 |
0.385 | 16348 | 2 |
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