FMS 0.43% $1.17 flinders mines limited

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  1. 540 Posts.
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    My personal thoughts are that a major change in the Companies activity would require an extraordinary resolution and therefore 75% vote to get up.

    ASIC is responsible for protection of minority SH's so I will be seeking advice from them as to my rights.

    Has the ASX now created a precedent in allowing a majority SH to de-list via an ordinary resolution requiring only 50.1 of votes? What message does this send to other minority SH's?

    My ability to sell my shares at a time of my chosing will be removed with delisting so how can my rights to do this be controlled by the majority SH? 

    Last edited by Senator3: 15/12/18
 
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Currently unlisted public company.

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