management rights, page-21

Hamill said:

"Some people have put the question to me, both before we announced the changes on 20 October and since, “why hasn’t the Board called a meeting to vote on the removal of the Responsible Entity and the Manager?”
The answer to that question is simple. It is because the Boards do not consider that it is currently in security holders’ interests to do so. The process for removing the Manager has the potential to trigger a substantial dilution of current BBI securityholders interests, because of the potential early conversion into BBI stapled securities of the BBI Exchangeable Preference Shares that are currently on issue.
The independent directors consider that it is not currently in BBI securityholders’ interests to be exposed to this potential risk."