IMO nothing drags a share price down than grovelling registry calls and even speaking to brokers. It is a big red flag. Gotta laugh as the brokers aren't stupid and will get their clients to send a message as their reps have been trashed by YOW not meeting targets etc etc. . As usual they are not sure of shareholders firepower as most have multiple structures and family members holding shares - targeting wrong holdings probably. Remember it is your shareholders money being used to try and get managements resolutions up!!!!!
Management should just take it on the chin and withdraw several resolutions for a start rather than waste shareholders time and money as a EGM will get messy. IMO remuneration should trail behind and align with share performance and not be a risk free handout in advance.
Get your votes in and tell any friends ,acquaintances, family who are holding the same- sooner the better. Call the chairman and ask him to justify the resolutions or withdraw em. Can't believe the kiwi fund manager would stand for this unless it his idea for a buyback.
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