NTC 0.00% $1.07 netcomm wireless limited

65% of shareholders voted against the remuneration proposal....

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  1. 3,108 Posts.
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    65% of shareholders voted against the remuneration proposal.

    https://hotcopper.com.au/threads/ann-results-of-meeting.4545179/#post-36589631

    This takeover offer is more important to shareholders than telling Management to deliver whilst taking such large pay packets.

    With such a large percentage voting against, it suggests Management (and their supporters) are unlikely to have the numbers again. No wonder they’re telling shareholders to accept the offer.

    I went back and read the AGM reports - there’s plenty of statements that promise delivering value for shareholders. $1.10 is not value.

    When the paperwork arrives I’ll again be voting for the negative. If these votes are higher than 65% it should be pretty obvious to Management they have some work to do to save face.
 
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