Ann: Notice of Annual General Meeting/Proxy Form, page-2

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    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).


    https://hotcopper.com.au/data/attachments/3716/3716226-f20ca745ef498dffde6f95144a8f080f.jpgI'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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