Ann: Nearmap shareholders to vote on Thoma Bravo Transaction, page-10

No way will this proposal be getting any support from this household.
We need to rouse the support of the over 23K small retail shareholders to vote NO.Yes,
From the latest annual report, there are over 23k holders who have 10k shares or less.If 50% or more of voting shareholders (1 shareholder / HIN = counts as 1 vote , does not matter if you hold 1 share or 1Million shares, still 1 vote) note NO, the deal is killed.

The Scheme booklet is now out snd includes the experts report. Everywhere it is plastered with the board and management propaganda that the deal is the ‘best thing since sliced bread’ fir shareholders, but most small retail shareholders who have been loyal to NEA know the deal is an undervalued ‘crock of poo’, even more so now that the $AUD has fallen against $US by over 10%, so TB is effectively getting it for less than ‘rock bottom’ prices.

What do the TB ‘vultures’ intend to do with NEA.Newman will keep his job and no doubt juicy incentives.Nea will have its juicy valuable bits carved off and integrated into TB’s other operations.Nea will be effectively gutted as an Australian technology co with a very good future.
Is this what we want as shareholders?

vote NO

From the scheme booklet
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Board compositionThoma Bravo BidCo’s intention is to reconstitute the Nearmap Board and the Board of each Nearmap Subsidiary, such that all of the current directors (other than Rob Newman) will be replaced, with effect on and from the Implementation Date. At the date of this Scheme Booklet, the final composition of the post-acquisition Nearmap Board and the Board of each Nearmap Subsidiary has not been confirmed.

(d) EmployeesThoma Bravo BidCo considers Nearmap’s employees to be critical to the future success of the business. Working with Nearmap’s senior management, Thoma Bravo BidCo will review Nearmap’s business operations and organisational structure, including remuneration and incentive plans of key employees, to ensure Nearmap has the appropriate mix and level of employees and skills, as well as the appropriate remuneration structure, to enhance the business going forward and to enable the business to pursue growth opportunities.

(e) RestructureThoma Bravo BidCo intends to undertake a corporate restructure pursuant to which, among other things, the shares incertain members of the Nearmap Group are transferred to members of the Thoma Bravo BidCo Group (or their affiliates).