If a shareholder appoints someone other than the Chairman as their proxy:
- as that proxy will not be able to attend the meeting or vote, under the Corporations Act the Chairman of the meeting will be taken to have been appointed as the proxy for the purpose of voting on the relevant resolutions at the meeting in respect of all directed proxies; and
- where the Proxy Form does not direct the proxy how to vote on a resolution, that shareholder’s votes will not be counted for that resolution.
GXY Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
