Where will the link to the meeting be posted?
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Where will the link to the meeting be posted?
Notice is hereby given that the Annual Meeting of Shareholders of Plexure Group Limited will be held online at web.lumiagm.com or by downloading Lumi AGM from the App Store or by Google Play Store for free (please use meeting ID 333-719-638) on Thursday 3 September 2020 commencing at 11:00am (remote entry will open at 10.30am NZST).
Most companies will use hand signals only as indicative ... and still count (and publish) the number of votes. In any case - if the outcome of any vote in an AGM is controversial, shareholders can request that a poll is taken, and in that case the company is required to do so.
From the companies act 1993:
Quote:
At a meeting of shareholders a poll may be demanded by—
(a) not less than 5 shareholders having the right to vote at the meeting; or
(b) a shareholder or shareholders representing not less than 10% of the total voting rights of all shareholders having the right to vote at the meeting; or
(c) a shareholder or shareholders holding shares in the company that confer a right to vote at the meeting and on which the aggregate amount paid up is not less than 10% of the total amount paid up on all shares that confer that right; or
(d) the chairperson of the meeting.
Need to get a wiggle on if you're voting, votes close 1st September 11:30am. Easiest way to do it is using your Compushare online, or faff around with the voting form.
ASX listing with the minimal amount of information the CEO gives was always interesting, watching from the sidelines now haha
I thought listing on the ASX would be better for current shareholders as it could increase SP?
what are the benefits of keeping it only on the NZX?
Seems pretty short sighted. Institutional investment on the asx will far surpass that available on the NZX. Who cares about a bit of dilution if the shareprice goes up. Phil Norman has the history with XRO to pull it off. There will still be shares available to current shareholders - what’s to lose??
Usually a dual listing ASX and NZX is beneficial for holders, however I suggest you read post 3862 above and ask yourself why is PLX wanting to allow the sale of $50 mill in 'new' shares and whether these additional shares would dilute the value of your existing shares?? As NZSA says...
"We believe on the face of the limited information a better option would be to keep the primary listing on NZX, and take a compliance listing on ASX and, if needed, raise additional capital from existing loyal shareholders."