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18.2%

3.9¢ melbana energy limited

Ann: Results of Annual General Meeting, page-4

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staz024

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19/11/18

14:02

Post #: 36557971
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Originally posted by Tinwins: ↑

page 6 of the AGM notice..
The Corporations Act requires the Company to put a resolution to Shareholders that in accordance with Division 9 of Part 2G.2 of the Corporations Act, if twenty five (25%) per cent or more of votes that are cast are voted against the adoption of the Remuneration Report at two consecutive Annual General Meetings, Shareholders will be required to vote at the second of those Annual General Meetings on a resolution (a “spill resolution” that another meeting be held within 90 days at which all of the Company’s Directors (other than the Managing Director) must go up for re-election.

It is noted that at the Company’s last Annual General Meeting, the votes cast against the remuneration report represented less than twenty-five (25%) per cent of the total votes cast and accordingly, a spill resolution will not under any circumstances be required for the Annual General Meeting.

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Thanks. So if the remuneration report, is not carried at the 2019 AGM, would that mean a spill resolution will be held?

Just seems like we have not had this type of response from MAY (or previously MEO) shareholders before.

Last edited by staz024: 19/11/18

MAY Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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