pete's 400,000 options vote, page-45

"Through the Institutional Placement, the Company’s largest shareholder group, Orbis Investment
Management and associated funds (“Orbis”) has the opportunity to maintain its shareholding at
19.1%, subject to shareholder approval."


This is still subject to shareholder approval. It may not get through. But you shareholders have to use your votes to knock it out.

I remember Asiano Group(AIO) did the similar cap raising in 2009. At first, the company said that the CEO was given the chance to maintain his shareholding as it is now for Orbis. However, after many shareholders ojbected to the proposal, the company dropped the resollution before it went to the meeting.


So, You shareholders must use your votes to speak for yourselves.


My opinion only.