5% of the total votes to call an EGM and if it is a Board spill you seek then you will need 25% of the cast votes to tip the current incumbents out. You will need some replacement Directors to meet the minimum listing requirements of 3 and that is light to say the least. Any new board nominee will need to secure 50% of the votes cast to get a seat on the Board. There is a whole process on how to do this but first you need to get surety of the 5% votes to even contemplate calling an EGM.
Someone here is collecting the votes (or shares to use another term) held by disenchanted shareholders.
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- Ann: Appendix 4C Commentary
Ann: Appendix 4C Commentary, page-79
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10 | 545141 | 0.120 |
4 | 362511 | 0.115 |
7 | 208000 | 0.110 |
1 | 25000 | 0.100 |
Price($) | Vol. | No. |
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0.130 | 88114 | 3 |
0.135 | 253636 | 8 |
0.140 | 460127 | 9 |
0.145 | 165385 | 2 |
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