Just for the record, following our discussion of whether you...

Just for the record, following our discussion of whether you could sell in recent days and still vote, I checked the Scheme Booklet .. and on the bottom of page 12 it says:

".. each ESG shareholder who is registered on the ESG register at 5.00PM on 26 October is entitled to attend and vote".

So given T+3 I assume that you only enter or exit the register on settlement of a purchase or sale, ... so even if you sold Monday you would still be on the register at 5.00 PM today.

Also on page 12 of the Scheme Booklet it details what vote is needed for the Scheme to be approved. A couple of points and questions:

1) A majority in number (more than 50%) of shareholders who vote on the Scheme need to vote in favour for it to pass. I assume that means if there are 9,000 shareholders (excluding STO and TRU) and say 5,000 vote then 2,501 need to vote against (regardless of the size of their shareholdings).

2) And, at least 75% of votes cast on the Scheme need to vote in favour. So we are sure this means 75% of the total sharegholdings associated with shareholders voting?

Following shortly will be a list of points I hope to make at the Scheme meeting about poor disclosure, misleading announcements (about a range of things including progress with commercialisation), continued spending on NLNG with no LNG pricing factored in by the IE, selling our company before Tintsfield is factored in, and the offer price. Please feel free to comment on these points. Is anyone else going to join me in questioning the board on Friday??

H