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  1. 28-09-2020, 05:08 PM #1
    Southern Lad
    Southern Lad is offline
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    Doug Hastie's reappointment as a director failed to pass at AGM and he has resigned as CEO:

    https://usx.co.nz/uploads/paperclip/...pdf?1601264109

    29.4 million votes against suggest there was an orchestrated campaign to remove him.

    Presumably frustration with a lack of substantive progress.
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  2. 28-09-2020, 11:58 PM #2
    Southern Lad
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    Quote Originally Posted by Southern Lad View Post

    29.4 million votes against suggest there was an orchestrated campaign to remove him.
    Looking at the ten largest shareholders detailed in the 2020 Annual Report we have:

    ACC 11,670,738
    Doug Hastie 11,253,981
    Whale Watch Kaikoura (Ngai Tahu) 8,725,000
    Douglas Ziffel & Snoot (New York) Ltd 4,400,000
    Collins, Dwyer & Bill Parsons Trustee Ltd 3,000,000
    Wing Kai Leung 2,168,783
    Iconic Investments Ltd 2,108,706
    Opihi Investments Ltd 2,062,447
    Forsyth Barr Custodians Ltd 1,277,044
    Maarteen Janssen 1,223,505

    29.4 million votes against is a very substantial voting block.

    Does the dissatisfaction explain the delay in the AGM notice being issued as the protagonists and Doug Hastie sought to work out their differences?
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