the bat cave, page-14

Starmanwin,
There was a 58% NO vote, which if you take into account the large volume that the directors hold, is very significant.
Resolution 4 was always going to go thru simply by weight of directors and "friends" holdings.
However, Ken and his fellow directors need to pay heed to the majority sentiment regarding this issue, the long term shareholders are not at all happy with the prospect of their investments being dramatically diluted, especially in light of the pathetic share price performance.
There was mention by Ken of their awareness of what information can be released to the market especially in light of acquisitions.
Maybe he does read the HotCopper postings and is becoming aware of his shareholders discontent re the share price performance and his reluctance to fully inform his shareholders re the lack of progress on their projects.
My sentiment after reading the results of the General meeting have not changed, there is little hope of any significant progress on all their projects, apart from the UK for the medium to long term so my money should be withdrawn from KEY and invested in a company that has better shorter term prospects than KEY of which there are plenty at present.
Good luck,
dapper