I have been very much against resolution 4, however now that The Board have listened to shareholders and given some ground on the return of T2 coupled with the fact that the resolution is tied to the successful completion of the sale, I will now vote FOR resolution 4.
I will still be voting AGAINST resolution 5 in its current form and I strongly urge The Board to pull this resolutionfrom the forthcoming AGM (ie it will not be voted on).
My suggestion would be to reintroduce this resolution at a later meeting.
- It should be tied to the successful completion of the sale on substantially similar terms to the current MOU AND
- Recipients of the bonus would not receive any payment until shareholders can access T2 funds.
I believe this would be a much more palatable option insofar as voting is concerned and fully aligns the KMPs with potential shareholder returns.
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