One vote per shareholder or entity, not based on shareholding!
I believe the "Show off Hands" was the original concept for public company's when it came to voting but ur reward was based on the amount u invested.
Why should the T20 have 50.13% (0.07% of holders) of voting right’s? When about 96% of shareholders with less then 10,000 shares are also the owners off AGL.
The holders in Custodians and Nominee's companies have a right to vote as individuals if they choose to vote but rely on the judgement off an individual.
From the 2021 Annual Report about 144,000 individuals are being dictated by about 4100 and u call this a public company. Poll voting has transformed a public company structure into a partnership of investors into pseudo private company. The only thing public of this structure is the funding system!
Research by Linkmarket and ComputerShare shows that only 4-5% of eligible shareholders bother to vote.
That means that 4100 largest shareholder fear the voting results of 7200 shareholders…assuming they all vote for the demerger which is unlikely.
AGL Price at posting:
$8.35 Sentiment: Hold Disclosure: Held
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