Why would you vote against Resolution 8 – Approval of Financial Assistance?
In my view, it should be a no brainer to vote for that resolution as The Facility has the following principal commercial terms: "Fixed interest rate on drawn amounts of 13.5%, reducing to 9.5% p.a. upon ASX and shareholder approval being provided."
If SHs don't approve this particular resolution, then this facility will become 4% more expensive, just like that.....
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Ann: FY22 Q1 Results - Investor Presentation, page-61
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