hi guys,
Riversdale have thankfully again taken the matter in their own hand and have provided a letter to select group of shareholders to not bombard the entire register. While i'm a small holder - they were still kind enough to provide me there letter. I asked their permission to post key takeaway on hc so here it is
1. They recommend voting against all resolutions
2. For reasons we all know with, vote against Rem Report
3. Having previously welcomed her appointment, they’re concerned Mrs Healy was active/partial to Board in recent EGM and made no attempt to talk to Riversdale or understand the shareholders concerns, which was entirely inappropriate for an independent director
4. Taleb supported incumbent Board and effectively decided the EGM vote. Last thing Mayfield needs is another Board-aligned Director and he has no relevant experience in childcare or on ASX Boards
5. Concerned Board have revealed an intention to dilute the register by 25% and it’s critical to vote against the additional 10% capacity and ESIP, which effectively grants another 5%
6. For reasons we know, Ashok is paid enough and does not deserve or need performance rights to be incentivised
if you want more information i suggest you get in touch with them.
For clarity - I have no association with them except being in the same boat and heavily red on my hard earned money. I voted no for all resolution on the day the voting opens because it is crystal clear to me where this is heading towards. You make your own mind.
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