Yes - that is so and was the cause of the confusion. Mr....

Yes - that is so and was the cause of the confusion. Mr. Warburton gave his address as per HC announcement and from the Board's perspective it seems we were to get no more formally!

As soon as Mr. W. started his delivery a minority S/H shared his opinion whereas I, and others, were waiting for Mr. McA to talk and intended asking questions of him, however, immediate questioning of Mr. W opened the door to questioning forthwith which meant Mr. W was on the stand for longer than I think he intended to be. When Mr. W felt he had fulfilled his role he then made his way congenially to the coffee table explaining, 'We could continue talking and asking questions over coffee,' but we were all gobsmacked to realise the formal part of the AGM was over and Mr. McA had yet to give an address.

Mr. W explained he and Mr. McA had decided Mr. McA wasn't required too speak this morning. This created a strong reaction because had the minority shareholders been told at the beginning of the AGM that Mr. McA wasn't doing a presentation then shareholders would not have waited with their further questions. Shareholders were not prepared to ask questions in an 'informal way' as it was meant to be part of the AGM and after heated moments Mr. W then did resume sitting and the Board as a whole remained intact and question and answers with Mr. McA, as well, continued for another hour.

Todd's representative was invited to make the minority shareholders a good Offer.