Well, significant outcomes from the voting at today's AGM:
1. More than 25% of votes AGAINST Resolution 1, which was for the Adoption of the Remuneration Report. This constitutes a first strike for the purposes of the Corporations Act; and 2. Over 30% voted against the re-election of Rhett Brans as director; and 3. About 37.5% voted against the approval for the issue of Performance Rights for Mr Peter Huljich.
This has sent a clear message to the Board that Shareholders are not happy and that they need to lift their game.
Cheers.
AVZ Price at posting:
4.3¢ Sentiment: None Disclosure: Held