Well said L4L, I said similar in my complaint to the ASX, by the...

Well said L4L,

I said similar in my complaint to the ASX, by the ASX giving an approval in principle for a delisting via an ordinary resolution vote (50.1% of votes required to win) they are setting a very dangerous precedent for future takeovers of companies.

IMO by the ASX approving this delisting via an ordinary resolution I believe it undermines many of the protections minority shareholders are afforded by the Corporations act, the Corporate Governance structure and even the integrity of the AGM.

I also reminded the ASX that FMS just had an AGM where the minority shareholders overwhelmingly voted against the independent directors and voted down the constitution changes for the second year in a row via a special resolution. This approval for delisting questions the entire credibility of the AGM process, minority shareholders have spoken at the AGM with their votes and the ASX should respect this.

Please see the AGM results below.