Ann: Notice of Annual General Meeting/Proxy Form, page-92

Ummmm, don't care about the performance shares, nothing to do with that. Just saying I can't see the benefits of delist / relist.

My concerns are as follows:
1) To outsiders it will appear that ISX is running away and will vindicate the ASX's position
2) We will loose oversights and protections that come with an ASX listing
3) How long are we going to be delisted before we actualy get onto another exchange?
4) If management are going to vote for delisting with their performance shares this will simply open up another conflict point with the ASX

You say that management aren't going to spell out the benefits, well that concerns me because there certainly aren't any obvious ones.