ECL 0.98% $3.09 excelsior capital ltd

Ann: Result of EGM - Wind Up Resolution Defeated , page-12

  1. 789 Posts.
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    re: Ann: Result of EGM - Wind Up Resolution D... Mark,

    We would need a simple majority to vote the directors off the board, but unfortunately unlike the wind up vote, the Class A shareholders will not get a vote at the next meeting.

    Ray Catelan holds 36 percent of the ordinary shares and fellow directors and family hold another 8 percent even excluding the Tinkerbell shares which can't be voted.

    I think the Frith statement is correct but that is not going to stop us.

    GPASAS
 
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