I thought this issue deserved its own thread as, frankly, it...

I thought this issue deserved its own thread as, frankly, it sticks out like dogs balls in the Notice of AGM.

A poster has raised relevant points about this notice already in a prior thread http://hotcopper.com.au/posts/20050862/single

Shareholders should read this notice carefully and note the resolution is a special resolution. For a special resolution to be passed, at least 75% of the votes cast by shareholders present and entitled to vote on Resolution 8 must be in favour of the resolution.

I expect the institutions will probably vote in favour as presumably they would get first bite of this cherry (should it ever be utilised) at the expense of smaller/retail holders.  VLA has form in offering retail shareholders the crumbs off the insto's feasting table, or not at all.