@dazaliam
Almost correct but no cigar!
Short answer is no to your question, and it takes 30 seconds to reference the Company's Constitution.
Starting with
~ ASX Listing Rule 14.5 provides that a Company which has directors must hold an election of directors at each annual general meeting.
~ Rule 6.1(f) of the Company's Constitution requires that one third of directors must retire at each annual general meeting and;
~ Rule 6.1(i) of the Company's Constitution provides that a director who retires under rule 6.1(f) is eligible for re-election.
Ms Banfield pursuant to rule 6.1(f) of the Company's Constitution, retires by way of rotation and, being eligible, offers herself for re-election in accordance with clause 6.1(i) of the Constitution.
~ back to, why would Amber Banfield offer herself for re-election if there was nothing of note to warrant staying?
@JackSpark
re: "why would you walk? they are passing a retirement benefit resolution for the board and KMP stick around for another 3 months, become redundant and make bag"
Totally incorrect, the Board are not eligible for the retirement benefits (Resolution 5) the benefits are for the KMP's / Executives!
Included in the meeting notes:
~ under this resolution 5, the Company is not seeking approval in respect to any benefits payable to Non-Executive Directors; and,
~ the Non-Executive Directors recommend shareholders vote in favour of Resolution 5
- Forums
- ASX - By Stock
- LLL
- Ann: Response to ASX Query Letter
Ann: Response to ASX Query Letter, page-51
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLL (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.0M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable