Syft Technologies Limitd

[whatsup]

So where to from here ?

[Sideshow Bob]

So where to from here ?

Less fireworks at the (virtual) AGM on Thursday.....

[Southern Lad]

Any picks on who purchaser(s) of the 12% stake at 75 CPS is?

[percy]

Any picks on who purchaser(s) of the 12% stake at 75 CPS is?

ACC ,, Colin Neale,or Al Monroe..

[Southern Lad]

The 75 CPS transaction price indicates that the seller was driving the deal rather than a purchaser approaching Doug with an offer he couldn't refuse. If it is Doug who has sold, suggests the numbers were against him for Thursday's votes.

Whoever has purchased, I hope they are a supportive and stable shareholder. Given the Freightways accrual of additional amounts due for the Big Chill earn out, Colin Neale probably is looking for a home for some spare cash.

[kiora]

ACC ,, Colin Neale,or Al Monroe..

Mike Daniel?

[Sideshow Bob]

Syft_Market_Announcement_to_Shareholders.pdf (usx.co.nz)

Major share transaction and changes to resolutions put to the AGMSyft Technologies (USX:SYF) has been advised by Mr Doug Hastie, that today he has entered into atransaction to sell all of his shares in Syft Technologies and that the sale is required to settle beforethe AGM.

This means that Mr Hastie will not be a shareholder of Syft at the time of the AGM.Mr Hastie has also advised that (if the transaction settles), Resolution 8 of the extraordinary businessof the meeting (being the resolution that Mr Hastie be appointed a Director) is to be withdrawn.

Accordingly this resolution will no longer be put to the meeting if the transaction settles.

[percy]

https://www.usx.co.nz/uploads/paperc...pdf?1630543611

[Southern Lad]

Based on proxy votes, all of Doug Hastie's resolutions failed to pass. Doug didn't make any substantive comment other than to note he had voted with his feet. Formal result on resolutions to be announced tomorrow.

Alex Fala sounded like he is making a difference, and presented a clear strategy to move the opportunity forward. As the presentation notes, SYF still in a 'consolidate' phase for the next six to twelve months.

[Southern Lad]

ACC ,, Colin Neale,or Al Monroe..

The Companies Office shareholding details have been updated, which indicate Doug Hastie's 9.26m shares were sold to:

ACC - 2.5m shares (to take them to 19.84%)
Forsyth Barr Custodians Ltd - 2.0m shares
Leveraged Equities Finance Ltd - 1.5m shares
Olaf Eady - 0.6m shares
Mike Bushell (director) - 0.7m shares
Louise Paterson - 0.6m shares
William Johnstone - 0.7m shares