To spill or not to spill??, page-5

First 5 Last

Share
Profile

Follow
LOOKCAREFULLY

59 Posts.

2

11/10/18

08:29

Post #: 36077756
Share

Originally posted by Vass: ↑

Given todays moves by Sol, we retail holders should all expect to be receiving another barrage of letters in the lead-up to this years AGM urging us to vote against the remuneration report and spill the board.

Here's an outline of how it works in case people are unsure:
So for the spill motion to be moved, there needs to be another strike against the board, meaning a 25% vote against the remuneration report. I think this is achievable considering Sol holds ~10.8% and even if all the other instos vote for the report, only 1 in 4 retail investors (given we make up ~60% of the register- unless there are other instos secretly lurking with <5%) need to vote against it for the second strike (the first was last year).

After the second strike, Sol will likely move a spill motion at the AGM, however this will require 50% of the votes to pass. (This will be much more difficult to achieve imo). If this is achieved though, the board is spilled and there will be another meeting in 90 days to re-elect directors which is when Sol will put forward his options.

So I'm just wondering people's thoughts on this, because it is really our votes that are pivotal in this situation. Is more board turbulence good or bad for the SP? Will Sol give King any opportunity to have a decent crack at the job? Will Sol seek to drive the profitability of PMV and their goods over MYR? Or will Sol bring some good guidance and experience to the average (at best) board?

It is also important for us to remember that what is in Sol's interests is not necessarily in ours, (For example at last year's AGM, Sol successfully encouraged holders to sign over their proxies and vote against renewing the proportional takeover provisions in the constitution- which makes it easier to take control of the company without having to offer to buy everyone's shares).

I'm curious as to everyone else's opinions on this, because (for once) we retail voters are the important swinging voters and can make a significant difference!

Thanks for reading my brain dump GLTAH

Expand

MYR Price at posting: 51.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

TMG

Veteran executive to help turn Trigg into leading US-based antimony producer

I88

Infini remobilising at Portland Creek after geo specialists line up 12 'priority' targets

WTC

'Strong succession': WiseTech brings in old face to build new, post-White future

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Red flags in the market to watch: How to spot trouble before it hits your portfolio

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 64.5¢		Change 0.030(4.88%)		Mkt cap ! $1.105B

Open	High	Low	Value	Volume
62.5¢	65.0¢	62.0¢	$1.977M	3.103M

Buyers (Bids)

No.	Vol.	Price($)
43	194101	64.0¢

Sellers (Offers)

Price($)	Vol.	No.
64.5¢	50551	10

View Market Depth

No.	Vol.	Price($)
44	214459	0.640
20	228202	0.635
18	552920	0.630
18	663083	0.625
9	251212	0.620

Price($)	Vol.	No.
0.645	46615	9
0.650	268947	23
0.655	323835	17
0.660	269794	15
0.665	563833	9

Last trade - 12.39pm 28/07/2025 (20 minute delay)

MYR (ASX) Chart

To spill or not to spill??, page-5

Veteran executive to help turn Trigg into leading US-based antimony producer

Infini remobilising at Portland Creek after geo specialists line up 12 'priority' targets

'Strong succession': WiseTech brings in old face to build new, post-White future

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Red flags in the market to watch: How to spot trouble before it hits your portfolio

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

To spill or not to spill??, page-5

Top Stories

Veteran executive to help turn Trigg into leading US-based antimony producer

Infini remobilising at Portland Creek after geo specialists line up 12 'priority' targets

'Strong succession': WiseTech brings in old face to build new, post-White future

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Red flags in the market to watch: How to spot trouble before it hits your portfolio

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News