I have just read through the AGM papers. My impression is that they have been prepared very carefully. An example is the series of exclusions from voting for these resolutions (pardon the formatting from my cut and paste)
Resolution 6
Ratification of prior issue of
Placement Options under Listing
Rule 7.1
Any person who participated in the issue of the Options under the
Placement and any of their associates.
Resolution 7
Ratification of prior issue of
Placement Shares under Listing
Rule 7.1A
Any person who participated in the issue of the Shares under the
Placement and any of their associates.
Resolution 8
Ratification of prior issue of SPP
Shares under Listing Rule 7.1
Any person who participated in the issue of the Shares under the
Share Purchase Plan and any of their associates.
7
Resolution 9
Ratification of prior issue of SPP
Options under Listing Rule 7.1
Any person who participated in the issue of the Options under the
Share Purchase Plan and any of their associates.
In essence, shareholders who invested in the last Placement shares and options, cannot vote on Res 6 & 7. Those who participated in the last SPP, cannot vote on Res 8 & 9.
I don't recall that exclusion in voting on previous SPPs. Perhaps the relevant listing rule/s were applied when votes were recorded.
Anyway, this care to ensure everything is hunky-dory so that there is no kick-back and kerfluffle at some later time, is important. And the spotlight could well be on all this, looking for holes, should our hopes be realised.
Ah well, I'd sooner this form of abstention, rather than a Bacchanalian restraint.
Should be an interesting AGM, as has become the case over recent years.
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