esg agm, page-6

Hi guys,

Since I won’t be able to attend AGM, I would appreciate if one of you asked a question on behalf of me.

* How could the management of OIP justify a statement “‘The proposed Schemes have the unanimous support of the directors of Gas2Grid without a material personal interest in the matter, and they intend to vote in favour of the proposed Schemes'.

Since Mr Morton, King and Munns own about 36% of all GGX shares and options, the evidence suggests otherwise.

As below:
Dennis J Morton -Chairman of OIP & Managing Director of GGX
His interest in GGX shares and options
27,208,132 ordinary GGX shares
17,604,066 listed options in GGX

David King – retired from GGX but Non-Executive Director of ESG
Interest in shares and options
8,460,440 ordinary GGX shares
3,330,220 listed options in GGX
D A Munns – GGX Director (‘a successful merger will benefit from board and management with complementary skills and extensive experience’ ???)
Interest in shares and options
13,423,600 ordinary GGX shares
6,711,800 listed options in GGX

Totalof GGX shares owned by only three management’s figures is equal 49,092,172 (28% of 177,219,488 GGX issued shares) and total GGX options owned by them is equal 27,646,086 (72% of 38,584,422 issued Options). Overall it is about 36% of all GGX issued shares and options.

I think this merger is designed to benefit the above Board and Management members and not OIP shareholders. Unbelievable

Cheers nj