That is because they will infer that by not voting for them and voting for TH will put the capital return at risk.
Anybody who believes that should read the full document and/or call Troy. They could of easily put the capital return to the vote before the director vote, in the same meeting.
It is Lai and Digby adding cost and it is them who could save money and resign. If they did it weeks ago, then shareholders would be closer to the div/capital reduction than they are now. They would also have a more credible board IMO.
The defamatory stuff is a common ruse to remove the critical stuff. I know they dropped that capper on the second last day before they had to call the meeting, trying to remove the 249p. They had the original 249p significantly in advance of that.
cheers
VOR Price at posting:
19.5¢ Sentiment: None Disclosure: Held
