Shareholders who wish to join the Dissenting Shareholders Movement have until tomorrow to sign up. They have to vote "AGAINST" in order to participate.
For an explanation why you may wish to join I refer you to this link:
Link: https://www.conyersdill.com/publica...eze_outs_and_Minority_Shareholders_Rights.pdf
"Any shareholder who did not vote in favour of the amalgamation and who is not satisfied that he has been offered fair value for his shares may apply to the court for an appraisal of the fair value of his shares. This right must be exercised within one month of the notice convening the special general meeting to approve the amalgamation and, within one month of the court’s appraisal, the company must pay the shareholder the fair value as determined by the court or terminate the amalgamation. The company is also required to pay the dissenting shareholder any difference between the value already paid for his shares and the value as appraised by the court."
"To date (2016) no cases on appraisal rights have been brought before the Bermuda courts."
We know that Zijin and its “so called” independent directors consider fair value to be 10 cents. On the other hand a significant number of Minority Shareholders believe, and are supported by an alternative Independent Valuation Report that fair value (tba) to be much higher than 10c.
Your vote counts.
Join the Dissenting Shareholders Movement and let the Court decide what is “FAIR VALUE”.
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