Looks like the results of the meeting are waking up.
We are dead against increasing director remuneration from 250k to 500K. Shareholders want results first and I quote:
The Board acknowledges that Resolution 1 was passed, however, 29% of the proxy votes were against that resolution (which represents 17% of the Company’s total issued capital), and accordingly the Company will proceed on the basis of a “first strike” for the purpose of the 25% “No” vote limit imposed by the Corporations Act 2001 (Cth) in respect of shareholders voting on remuneration reports for public listed companies.
Looks like the results of the meeting are waking up.We are dead...
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