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Cheers for the summation

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Daripper

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23/11/23

19:30

Post #: 71076796
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Originally posted by CheckRaiseFold: ↑

About 2.4bln (>65%) votes received before AGM.

Large turnout - about 150 people there. Majority of people had blue cards indicating they had already voted.

Remuneration report received 52% in favour of already cast votes - so possibly in the balance.

FatTail nominees collected around one third of received proxy votes - very unlikely that the remaining in-meeting votes are enough to turn that around so we can safely say the take-over has failed. However our Chairman John Clarke seems to have been voted out.

Few attempts to ask provocative and poorly worded questions from FTH representatives that were not really related to the resolutions at hand. Crowd was not impressed and was overwhelmingly in support of current BoD.

Board had a tightly controlled script to read out their responses from, lawyer sitting next to chairman.

No presentation, no general question time, just the resolutions and votes.

Should all be out with announcement to ASX tomorrow.

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Cheers for the summation

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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