The Meeting was adjourned in accordance with the article 9.9 of the Company’s constitution due to the fact that holders of approximately 75 million shares had indicated to the company prior to the commencement of the meeting that they intended to vote in favour of Resolution 2. Proxies and/or corporate representatives in relation to these approximately 75 million shares were not eligible to be voted at the Meeting, due in part to technical and administrative processes.
my take: they can't get resolution 2 (director appt) passed without those 75 mill proxies
Waiting to hear from the meeting, please !
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held