this effectively hands control of the company to Taurus - directors remain - 2 independent and 2 for Taurus.
in the event of a stalemate Gordon Galt shall have the final vote
RESIGNATION OF NON-AFFILIATED DIRECTOR - STAFFAN EVER On 18 May 2018, Non-Affiliated Director, Staffan Ever resigned from the Board of Realm. Therefore, any references to “Non-Affiliated Directors” in this Second Supplementary Target’s Statement are references to James Beecher and Michael Rosengren only. In reason 1.4(b) the Original Target’s Statement noted that, “a decision to conduct a capital raising to satisfy the Re-compliance or alternatively apply for a removal of Realm from the Official List lies with the Board of Realm, of which the Non-Affiliated Directors currently comprise 3 of 5 Directors.”
Staffan Ever’s resignation from the Board means that the Non-Affiliated Directors now comprise 2 of 4 Directors on the Board of Realm with the Chairman of the Board, affiliated director Gordon Galt, having a second or casting vote in the case of an equality of votes.14
