Wow,
May be this is new (I haven't seen it before in other AGM resolutions), but the fact that the Conditional Spill Resolution - 7 is included, suggest to me that management are preparing for the Remuneration Report to be voted down (Resolution 1).I'm not keen on Resolution 3 - until we know who the other NEDs are, increasing the Director fees from $100K to $500k seems like a way for management to get more $ for more cronies, but I understand this is a bit of a chicken and egg scenario here.
Resolution 5 - I'm never keen on allowing an additional 10% shares to be issued (the annual allowance is 15%, so this is an additional 10% on top of the 15% that companies are allowed to issue without SH approval). I always think it better to have an EGM and gain SH approval for any extra share allocation.
Just my quick views/opinion.
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Ann: Notice of Annual General Meeting/Proxy Form, page-2
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $12.03M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.5¢ | $13.11K | 78.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7500 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 10219 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7500 | 0.165 |
1 | 3766 | 0.160 |
2 | 140186 | 0.150 |
2 | 69149 | 0.145 |
2 | 27149 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 10219 | 1 |
0.180 | 40000 | 1 |
0.185 | 8823 | 1 |
0.195 | 50000 | 1 |
0.200 | 100000 | 1 |
Last trade - 12.25pm 15/07/2025 (20 minute delay) ? |
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CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
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