Something smells fishy, I doubt this will actually get voted through, and all the announcement did was reduce the share price further... so why did the board push the share price down? I doubt they are actually throwing in the towel, though I am sure they would love to run a company with less controls and accountability to shareholders...
Perhaps they are softening shareholders up for a raise, i.e. a rights / SPP. It would be pitched as "in response to overwhelming shareholder feedback". Just my unqualified opinion / guess.
Ann: Voluntary Delisting from ASX, page-24
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