The quote of 5% has been taken out of yesterday's announcement: 11 December 2012 Board update in relation to the Extraordinary General Meeting requisitioned by shareholders and the General Meeting called by the Company
"What will happen if the resolutions proposed by the requisitioning shareholders are passed?"
"The effect of this would be that the requisitioning shareholders would have two nominees on the Board, which would be comprised of only three individuals. This would potentially result in nominees of a group that hold just over 5% of the issued shares of the Company controlling the Board."
I also would prefer that the two newly elected board members, Mr. Porter and Mr. Oliver would remain on the board.
The dark side however, shall not prevail....
GGP Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
