The total vote on Resolutions 1 and 8 was about 100m less than...

The total vote on Resolutions 1 and 8 was about 100m less than on the other resolutions, it would appear our largest holder (Chinese syndicate holding 99m) didn’t vote on those 2 resolutions, but did vote for all the other resolutions.

Resolution 8, the option issue would have diluted their holding so I understand them not voting on that, the fact they didn’t vote “NO” which would have killed it, indicates they are backing the company despite their own dilution.

Also that they didn’t vote on Resolution 1, the ratification of the tranche 1 issue, shows they were agnostic to this, they probably knew it would get voted up anyway (unlike resolution 8), they didn’t want to support it by voting YES, by the same token they didn’t want to vote it down by voting NO so they just didn’t vote.

With 74m voting for Resolution 8 and 34m voting against it, I’d say the company had good support from some of the Top 20 holders who own about 240m between them (excluding the Chinese syndicate we know didn’t vote). Always hard for mum & dad investors to topple the big holders, however 34m was a good show of disapproval of that Resolution.