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

I think I will be voting in line with the independent recomendations.

For resolution 1 & 4 and against 2 & 3 (the solg and litigation upsides) .

Above references that they received other proposals for debt but chose not to go with them as each restricted how they could vote Solg shares. That seems a poor excuse, given we are probably paying double the overall cost of loan to keep those voting rights. The report mentions the actual cost of the facility is between 26.7% and 54.3%!

Given they have no intention of signing up to cheaper debt, they plan to dump 30% of the SOLG holding on market if the loan is not approved, and there is a 1m break fee payable to Mather if it is not approved, we are backed into a corner. Only way through is to limit the cost by voting down the upside.